PAYE Modernisation – What You Need to Know

Overview The Minister for Finance, Mr. Michael Noonan TD, announced the launch of Revenue’s public consultation process regarding the modernisation of the Pay As You Earn (PAYE) system in his budget statement of 11 October 2016. PAYE modernisation will involve the most significant reform of the PAYE system since its introduction in 1960. The new real time reporting regime will be operational … Read More

Reward. Motivate. Save Tax.

Under Irish Revenue’s Small Benefits Exemption Scheme since 22 October 2015, employers can now reward employees with a non-cash bonus of up to €500 in value completely tax free each year. Provided certain guidelines are followed neither the company nor the employee will pay PAYE, PRSI or USI, potentially saving €653.65 in tax. There is no paperwork and no return … Read More