Farmers advised to comply on PAYE changes

FARMERS who employ workers on a casual basis have been reminded that they should be fully compliant with the new terms of the PAYE Modernisation regime – if not they could end up facing fines of up to €4,000.

Ifac – the professional Irish farm accounts co-operative – said that the big change in the new regime to impact on farmers was in Real Time Reporting (RTR) whenever an employee receives a payment from a farmer.

Prior to the latest changes, farmers could submit an end-of-year figure for payments to employees but that has now finished – instead, every time a payment is made to a worker Revenue must be informed, on or before, the day of payment.

Ifac have also advised that before calculating payroll (regardless of frequency) an employer is now obliged to request a Revenue Payroll Notification (RPN) – if an out-of-date RPN is used, the employer could face a fine.

They also point out that employers are obliged to notify Revenue, via a Payroll Submission Request (PSR), of payments made to employees on or before payday – any delays could result in fines.

Another change that came with the new system in 2019 according to Ifac was the introduction of the Variable Direct Debit whereby Revenue obtained permission to request the value of your actual monthly liability from the employer’s bank account – usually three days before the end of the month.

For more, read this week’s Connacht Tribune.

Get the Connacht Tribune Live app

The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.