Simplified PAYE/PRSI
As a follow on from the previous story, Revenue have advised that they have identified 35,000 employers who can avail of the simplified filing arrangements. Revenue will be writing to those taxpayers in November in relation to simplified filing arrangements to commence on 1 January 2009. The taxpayers have to do nothing to qualify but may opt out if they wish.
The employer simplified filing arrangement
- refers to employers whose total PAYE and PRSI payments for the year are €30,000 or less, and
- enables them to return their PAYE and PRSI payments on a quarterly, rather than monthly basis.