ROS – Extension of Pay & File Deadline (CAT)

ROS – Extension of Pay & File Deadline (CAT)

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The following is taken from the Revenue website regarding an extension for Pay & File for Capital Acquisitions Tax (CAT)

Revenue announced 28 April 2015, an extension to the ROS return filing and tax payment date for certain self-assessment income tax customers and for customers liable to Capital Acquisitions Tax (CAT).

For customers who file the 2014 Form 11 return and make the appropriate payment through ROS for:

  • Preliminary Tax for 2015,
  • Income Tax balance due for 2014,

the due date is extended to Thursday, 12th November 2015.

For beneficiaries who received gifts or inheritances with valuation dates in the year ended 31st August 2015 who make a CAT return and the appropriate payment through ROS, the due date is also extended to Thursday, 12th November 2015.

To qualify for the extension, customers must both pay and file through ROS. Where only one of these actions is completed through ROS, the extension does not apply and the required date to submit both returns and payments is no later than 31st October 2015.

(Source: Revenue)

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The Team at Jefferson

High Income Earner Restriction (HIER)

High Income Earner Restriction (HIER)

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The following was posted by Revenue in March and relates to the carrying forward of excess relief under High Income Earner Restriction also known as HIER and implications for jointly assessed couples.

The high income earners restriction (HIER) limits the total amount of specified relief that can be used by a high-income individual to a maximum amount each year. When determining whether or not the HIER applies in the case of a jointly assessed couple, each spouse / civil partner must be looked at separately.

Revenue has published guidance on the correct treatment of excess relief carried forward under section 485F of the Taxes Consolidation Act 1997 for jointly assessed couples. Excess relief carried forward can be deducted against the income of both spouses / civil partners, in the same manner as other deductions from total income.

More info is available in the Income Tax, Capital Gains Tax and Corporation Tax Manual from the Revenue website.

(Source:Revenue)

 

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The Team at Jefferson

ROS Login Change You Need To Know About

ROS Login Change You Need To Know About

Don’t end up feeling like this when Java is discontinued on the ROS website

The below excerpt is taken from Revenue’s website and explains how to switch Javascript login as accessing the ROS service using Java will be discontinued.

Pass on to your IT Dept if necessary.  We will post any updates to this as they are released.

From Revenue: As part of our ongoing programme of Revenue On-Line (ROS) service improvements and in response to customer feedback, the current Java login process will be phased out from December 2015. From then, the only login method available for ROS will be JavaScript and it will no longer be possible to access the service using Java.

In recent years, there have been significant improvements in JavaScript performance and functionality along with more seamless support in modern browsers, avoiding the need for customers to install and maintain additional software.

Revenue is encouraging customers to change to the JavaScript login method over the next few months, as the current Java Applet login method will not be supported by the end of the year.

The changeover is simple and will only take a few minutes. For more details, including a step by step guide on how to do this, and on using JavaScript please visit the ROS Help Centre.

Assistance is also available from the ROS Technical Helpdesk (roshelp@revenue.ie).

To login using JavaScript you must use an Internet Browser that supports JavaScript. The following browsers are compatible:

  • Internet Explorer 10 or higher
  • Google Chrome – recent versions
  • Mozilla Firefox – recent versions
  • Safari – version 6.1 or higher

This is the first in a series of communications in relation to these changes. Additional information to assist and support customers upgrading to JavaScript is available in the ROS Help Centre and on www.revenue.ie.

(Source:Revenue)

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The Team at Jefferson

How to Read Your P60

How to Read Your P60

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Now that your P35 is complete it will be P60 time for everyone as it is a document issued every January/February.  This basic guide helps you understand your P60 because it can change from year to year.

It is not hugely detailed but hopefully helps you learn how to read your P60 and have a better understanding of the various sections.  There is no real official layout any more for a P60 as different software may have slightly different layouts but the content sections will remain the same.

YourPayslip.ie will be updated in the coming weeks also so and we will let you know.  Also Payslip Presentations (employees can learn specifically how their payslip calculations works specific to their payroll) will be available from mid-late February so let us know if your interested at sales@jeffersonpayroll.ie.

In the meantime, click on the image below to see How to Read Your P60…

2014 P60 Explained (issued in 2015) – see below or view on Pinterest

P60_2014_Front

P60_2014_Back

 

 

 

 

 

 

 

 

 

 

 

2013 (issued in 2014) P60 Explained – see below or view on Pinterest 

P50 2013 Explained

 

2012 and prior years  – P60 Explained – see below or view on Pinterest

 

 

 

 

 

 

 

 

You can get automatic updates to this blog by entering your email on the right hand side, via Twitter (@jpireland) or Facebook (search Jefferson Payroll)

All the best,
The Team at Jefferson

Have you incorrect Medical Insurance information recorded on your 2014 P35?

Have you incorrect Medical Insurance information recorded on your 2014 P35?

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Jefferson Payroll has previously contacted clients for which medical insurance on the P35 was relevant, and this is in hand.

However below is a post on Revenue’s official line for those that are not aware:

This notice is solely for the attention of employers who pay medical insurance on behalf of their employees as a Benefit in Kind (BIK). It does not affect returns being made where the employer is simply facilitating deductions from an employee’s pay for medical insurance.

The filing date for the 2014 P35 is 15th February 2015. In the case of ROS filers this date is extended until 23rd February.

It has come to Revenue’s attention that some employers who pay medical insurance on behalf of their employees have submitted P35Ls for 2014 with incorrect information.

In a small number of cases identified, employers have incorrectly recorded the value of the actual tax relief due for the medical insurance premium paid by the employer instead of the amount of Medical Insurance that is eligible for tax relief in the box provided.

By way of examples:

An employer pays a gross Medical Insurance premium of €3,600 (amount charged by the medical insurance provider)

The amount of Medical Insurance eligible for tax relief paid by the employer is as follows:

One adult = €1,000. This is the amount that should be shown on the P35L and not €200 (€1,000 x 20% = €200 actual tax relief due).

Two adults = €2,000. This is the amount that should be shown on the P35L and not €400 (€2,000 x 20% = €400 actual tax relief due).

Two adults + one child = €2,500. This is the amount that should be shown on the P35L and not €500 (€2,500 x 20% = €500 actual tax relief due).

Failure to update the P35L Medical Insurance details correctly will result in incorrect Employee Tax Credit Certificates for 2015 being issued.

Where an employer has provided the incorrect information an amended P35L needs to be filed. The amended P35L must include all the information previously submitted e.g. pay/tax/ USC/LPT (where applicable) along with the corrected medical insurance details. Once the amended P35L is processed by Revenue, the employee’s tax records for 2014 and 2015 will be automatically corrected and an amended Tax Credit Certificate for 2015 will automatically issue.

Further information on the Form P35 and on medical insurance relief is available at www.revenue.ie

(Source: Revenue)

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All the best,
The Team at Jefferson

PAYE Exclusion Orders Update

PAYE Exclusion Orders Update

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Revenue have updated their PAYE Exclusion Orders Manual by adding Paragraph 5.1a. This is to reflect the below change for for non-resident employees recruited abroad and who exercise all their duties abroad.  It is taken from Revenue’s website.

What is a PAYE Exclusion Order?

The obligation to deduct tax at source under the PAYE system from emoluments is a statutory obligation placed on employers and other persons paying emoluments by Section 985 of the Taxes Consolidation Act (TCA) 1997. A PAYE Exclusion Order issued by Revenue to an employer or other person paying emoluments, under Section 984 TCA, relieves that employer or other person from that obligation.

Non-resident employees who are recruited abroad and who exercise all their duties abroad

Some Irish resident employers carry on some or all of their trade or profession in foreign jurisdictions and recruit non-resident employees to work in the foreign jurisdiction. These employees generally reside locally in the area in which the trade or profession is being carried on and carry out all the duties of their employment in the foreign jurisdiction and never set foot in Ireland.

To obviate the necessity for such a non-resident employee to apply for a PPS number and for the employer to apply for an Exclusion Order under section 984 of the Taxes Consolidation Act 1997, Revenue is prepared to accept that the employer is released from the obligation to make the appropriate deductions under the PAYE system from the employee’s remuneration in certain circumstances. Those circumstances are where the employee –

  • is not resident in the State for tax purposes,
  • has been recruited abroad,
  • carries out all the duties of employment abroad,
  • is not a director of the employer, and
  • is outside the charge to tax in the State

(Source: Revenue)

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All the best,
The Team at Jefferson

This Christmas, whether you are a…

This Christmas, whether you are a…

… client, ex-client, prospect, ex-prospect, lead, ex-lead, supplier, business partner, colleague or friend.  

You all have one very important thing in common.

You are real people.   

Mother and child at Christmas

So, to you and yours, the in-laws, the outlaws, the parents & grandparents, the aunties & uncles, cousins & friends, the neighbours & community;

…to those who have less than we have this Christmas (be it food, shelter or even companionship);

…and of course, to the inner child in all of us;

Nollaig Shona Duit.  Wishing you peace & happiness in 2015.

From all the staff at 

jefferson payroll outsourcing company logo

Jefferson is donating funds to Focus Ireland this year. If you would like to help the homeless this Christmas you can do that here for Focus Ireland OR you can choose your preferred charity here

Irish Revenue Mandatory e-Filing & Payment

Irish Revenue Mandatory e-Filing & Payment

Mandatory e-filing Irish Revenue

Below are details from Irish Revenue’s website of the latest roll out phase in relation to Revenue mandatory e-filing.

Regulations will be published shortly to provide that returns and payments for all newly registering Income tax (IT) cases from 01 January 2015, must be made electronically, using Revenue’s Online Service (ROS). Taxpayers will be notified at time of registration of their Revenue mandatory e-filing obligations, which extends to returns and payments in respect of other tax heads.

Practitioners will be notified, by email, of clients that have been identified as revenue mandatory e-filers.

Details of the categories of taxpayers covered by the Mandatory e-Filing and Payment of Tax provisions are available on the Mandatory eFiling section of the Revenue website.

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The Team at Jefferson

Next Monday 15th Dec (Tax Updates Available)

Next Monday 15th Dec (Tax Updates Available)

ros

Please take note of the below issued from Revenue recently:

Further to our November 2014 Notice to Employers, Revenue wish to advise all employers and pension providers that 2015 P2Cs for all employees will be uploaded to ROS inbox on Monday 15 December 2014.

Revenue is requesting that employers, where possible, hold back running 2015 payrolls until they receive the 2015 P2Cs.

Where an employer/pension provider has not received 2015 P2Cs in time to run January 2015 payroll(s), they should continue to use the 2014 P2Cs for tax deductions and follow the instruction found in question 4.33 of the USC FAQ document for USC deductions.

(Source: Revenue)

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All the best,
The Team at Jefferson

Are you an employer or a pension provider?  Read this…

Are you an employer or a pension provider? Read this…

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Revenue have issues the following important information that you should take note of:

1. Changes to the rates and thresholds of Universal Social Charge (USC) for 2015

The rates and thresholds of the USC are changing with effect from 1 January 2015. Employers/ pension providers should ensure that their payroll software is updated to facilitate these changes.

Please note: If you currently outsource your payroll with Jefferson this will be programmed automatically for you as part of the Year End process.

2. Employer Tax Credit Certificates (P2Cs) for 2015 

In December 2014, Revenue will issue 2015 Tax Credit Certificates (P2Cs) to employers/pension providers for all employees, advising the rates and thresholds applicable from 1 January 2015.

Jefferson has been informed that they will start issuing them from December 10th 2014 and we will up date your software for you.

In the situation where an employer/pension provider has not received 2015 P2Cs in time to run January 2015 payroll(s), employers/pension providers should follow the instruction found in question 4.33 of the USC FAQ document.

3. Change to Form P45

Both the ROS and paper Form P45 are currently being updated to accommodate the third USC cut-off point.  The updated paper P45 will be available to non-ROS employers from mid-December 2014 and can be ordered from Revenue’s Forms & Leaflets Service:

Telephone (24-Hour service) 1890 30 67 06
(If calling from outside the Republic of Ireland please phone + 353 1 70 23 050).
Email: custform@revenue.ie

Please note: If you currently outsource your payroll with Jefferson these documents will be updated automatically for you.

4. REMINDER: Illness Benefit and Occupational Injury Benefit notification letters from the Department of Social Protection (DSP)

Revenue mentioned this in an Employer Notice in April last; the DSP use Revenue’s ROS in-box facility to deliver Illness Benefit notification letters directly to all ROS enabled employers, to assist them in the correct taxation of Illness Benefit through payroll.

Employers are reminded that they must access their ROS Inbox in order to view these letters.

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All the best,
The Team at Jefferson