With only 16 months to the go-live date for PAYE Modernisation, BDO are hosting an expert panel on 29th September to discuss the impact of the abolition of the year-end PAYE process and the introduction of Real Time Reporting.
These changes will have a profound impact on how employers process, report and discharge their payroll obligations.
This event brings together a number of experts from the Revenue Authorities and one of Ireland’s leading financial software providers since 1986 - Ardbrook.
This breakfast briefing will facilitate a presentation followed by discussion and Q&A on the Real Time Reporting timing and submission, equipping you with a practical understanding of these changes, taking effect January 1st 2019.
- Revenue will highlight how data will feed into their Live Revenue Risk Analysis system and how inaccuracy will be viewed as not being in-line with PAYE regulations
- The abolition of the PAYE year-end process means that employers must get it right in real time, all the time - posing practical challenges and obstacles; time and cost burdens
- The change may have adverse software challenges as functionality may need to be enhanced - Real Time Reporting will have to be integrated into data systems and processes
- Employers post-event will need to consider the information provided; REVIEW their payroll functions and PREPARE internal processes
If you are interested in attending please contact Patrick O’Driscoll at [email protected].
Should you wish to put internal processes in place Peter Carroll, Partner of Business Services, Marie Cunningham Director of Payroll UK & Ireland will be in attendance; both are pleased to schedule a consultation on how you can manage the implementation of this legislation.