Archive for July 13th, 2010

One of the basic principles of PAYE is that, when an employee moves from one employer to another, the tax code used by the previous employer is also used by the new employer.  However, that is not always possible. Form P45 is completed by an employer when an employee leaves and has four separate parts. [...]

The Coalition government’s Finance Bill is working its way through Parliament but is unexpectedly short. The two changes required by Europe – the broader access to the Seafarer’s Earnings Deduction and Enterprise Management Initiatives – are missing, as is the amendment to the childcare exemptions that would have removed the “generally available” requirement for low-paid [...]

The Equality Act 2010 comes into force from October 2010.  It replaces, amends and enhances the protections in existing age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership, and pregnancy and maternity legislation. There are also a number of new requirements, in particular employers may be liable if their [...]

On 6 July 2010 the European Commission announced that the NEST pension scheme, part of the Government’s plans to introduce automatic enrolment pension personal accounts in 2012, has been approved under EU State aid rules. The scheme was notified to the Commission because of a loan granted by the Government to fill the funding gap [...]

The Finance Bill has commenced its Parliamentary stages. The provisions announced in the June 2010 Budget that are of payroll relevance in the Bill are explained below. References to the “Finance Act 2010” are to the Act that gave effect to the Labour government’s March 2010 Budget. The Coalition government’s Finance Bill, when enacted, will [...]

July 19 This is the deadline for payment of tax and NICs to the Accounts Office, for tax month 3 by employers who pay monthly, for tax months 1 to 3 by employers who pay quarterly, unless they make their payments electronically. 19 This is the deadline for payment of Class 1A NICs to the [...]

In June 2010, following approval of the Social Welfare (Employers’ Pay-Related Social Insurance Exemption Scheme) Regulations, 2010, the Employer Job (PRSI) Incentive Scheme came into effect. The scheme allows employers who, between 1 January and 31 December 2010, take on additional employees to obtain exemption from paying the employer’s portion of PRSI contributions in respect [...]

July 14 – This is the deadline for P30 monthly PAYE/PRSI payments to the Collector General, for June by employers who pay monthly, for April to June by employers who pay quarterly, unless they pay (and file form P30) through Revenue On-Line Service (ROS). July 23 – For employers who make their payments (and file [...]

The Employment Forum is seeking views on whether the minimum wage should be increased in 2011 and whether there should be a lower minimum rate for young people. Currently, the minimum wage is £6.20 per hour, and £4.65 per hour for trainees. Responses must be received by 27 August 2010 to allow time for the [...]

July 15 – This is the deadline for submitting the Contribution Schedule for the contribution quarter ending June 2010. July 15 – For employers with 80 staff or more, this is the deadline for payment to the Social Security Department of the contributions calculated for June. July 15 – This is the deadline for submission [...]

July 15 – This is the deadline for submitting Insurance Schedules and the remittance for contributions calculated for the contribution quarter ending June 2010. July 15 – This is the deadline for submission of the quarterly tax deduction return and, other than in the case of employers with 80 staff or more, payment of tax [...]