TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Correcting Payroll Reports Misaligned with Payment Dates and Tax Periods

When reporting PAYE in real time, the relevant Full Payment Submission (FPS) must report the correct payment date. This is the date on which employees were paid and not the date that the related payroll run was completed (unless these are the same). The FPS, and any EPS must also align to tax rather than calendar periods, otherwise payments may be allocated to the wrong tax periods.

As an example, if employees are paid on 7 October but payroll was run on 4 October the relevant FPS should give the:

  • payment date as 7 October
  • tax month as 6 October - 5 November

Reporting PAYE in real time has highlighted that not all employers are following this approach and guidance is provided by HMRC to correct earlier errors that may have occurred.