Overview of Payroll in Ireland 2019
An overview of processing payroll in Ireland
Don’t be fooled into thinking that because Ireland uses very similar terms to the UK then payroll processing is the same. There may be references to P35, P45, P60 and PAYE but calculating pay in Ireland is very different.
Employers have to process PAYE, PRSI (Pay Related Social Insurance) and USC (Universal Social Charge) and the various credits and allowances can appear to be counterintuitive.
Having attended this on-line course delegates will have confidence that they understand the fundamentals of payroll processing in Ireland, are clear about employer obligations, know what they need to do both on a periodic and an annual basis, can answer employee queries and check payslips.
Even if payrolls are outsourced it is still the employers responsibility to ensure all obligations are met and that tax and social security are correctly processed. This course not only gives you the information you need to be compliant but also ensures you know exactly what information should be given to a payroll provider and the various tasks they should be completing on your behalf.
- Glossary of terms and acronyms used in payroll
- A brief overview of Ireland and its business culture
- Employment law (determining employment status, types of employment contract, probationary period, working time directive national minimum wage)
- Payroll administrative requirements
- Gross pay elements
- Determining notional pay and net pay for tax purposes
- Income tax – PAYE (including tax codes, tax credits, standard cut off point, emergency and temporary tax)
- Social security – PRSI (including classes, components, credits and reckonable pay)
- Universal social charge – USC (including exemptions and reduced rates)
- Pension contributions
- Permanent health benefits
- How to process leave payments (including sick, annual holiday entitlement, public holidays, maternity, paternity, parental, adoption, force majeure, compassionate, jury service including payment of benefits by the authorities and the appropriate treatment for tax, social security and USC)
- Deductions from pay (including attachments of earnings and local property tax)
- Business expenses and benefits in kind
- Statutory reporting requirements monthly and annually (including P35 and P60)
- Understanding the Irish payslip
- Example of a monthly payroll calculation
Other means of training