3 things employees need to know about PAYE Modernisation
From 1st January 2019, Revenue have moved to modernise the previous, outdated PAYE system. Essentially, this new system provides a more efficient manner for processing pay and should help to alleviate irregularities. Each time a business runs payroll, they will be required to provide up to date employee pay and tax information to Revenue, which will help to keep real-time information on file.
So what does this mean for employees? We’ve listed some points below which should help you to gain a solid understanding of the PAYE Modernisation as an employee:
You can read more on this topic on the Revenue site and in particular in relation to the PAYE Modernisation in which they list out SMART PAYE goals for employees by clicking here.
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