Chamber seminar will aim to demystify PAYE Modernisation

WEXFORD CHAMBER will host a breakfast briefing on the new PAYE Modernisation Project on September 6 at the Wexford Chamber offices on Hill Street from 9 a.m. to 10 a.m.

The seminar will examine the most significant reform of the PAYE system since its introduction in 1960.

Employers will be required to accurately calculate and report their employees pay and deducations as they are being paid.

The move to Real Time Reporting (RTR) under Revenue’s PAYE modernisation regime will be operational for all employee payments being made from January 1, 2019.

At the briefing, which is aimed at employers, HR managers and payroll administrators, PAYE specialist Carmel Fortune, from the Office of the Revenue Commissioners will share her expertise on what to expect next year, areas of concern for many employers, Revenue interventions, penalties, and how emplyers can ensure they are prepared.

Enda Kavanagh, CEO of Wexford Chamber, remarked: ‘The PAYE Modernisation system will introduce changes to how and when a business sends information to the Revenue. It is essential that employers are equipped with the tools to review their current processes in order for the new requirements to be met.’

Registration for the seminar commences at 8.30 a.m. The event is free for Chamber members and costs €15 for non-Chamber members. To register email: denisefarrell@wexfordchamber.ie or contact Wexford Chamber on 053 91 22226.