Welcome to BJK Accountants Dublin
The BJK team of accountants hold qualifications with Institute of Chartered Accountants (ICAI), Association of Chartered Certified Accountants (ACCA) and Certified Public Accountants in Ireland (CPA).
PAYE Modernisation and Real Time Reporting
The PAYE Modernisation and Real Time Reporting (RTR) will involve the most signification reform of the PAYE system since its introduction in 1960. This will modernise the Pay As YOU Earn (PAYE) system and mean that employers will be required to report pay, tax and other deductions, as well as details of employees leaving the organisation, at the same time as they run their payroll.
The new obligations on employers will take effect from 1 January 2019, businesses have a limited amount of time to prepare their systems to be compliant with the new RTR rules.
This will require employers, agents and payroll providers to review their current business processes and practices so that they meet the new requirements.
For more information on how you can be compliant please contact us.