Practical Payroll

This module outlines the obligation on employers to register as an employer with Revenue and to retain a register of employees.

It outlines the actions to be taken by employers when a new employee commences employment and the responsibility of an employee to register their first employment in Ireland.

• Registering for ROS
• Register of Employees
• Registering an employment

• Standard Rate Cut Off Point (SRCOP) and Tax Rate Bands explained in detail
• Personal Tax Credits
• Tax Calendar for PAYE purposes

• Methods used to communicate payroll information with ROS
• Detailed description of data items included in an RPN and the significance of an RPN number
• Employment ID functionality and importance explained in detail

• Cumulative Basis and Week 1 Basis explained in detail
• Emergency Basis of tax where an employee has not provided a Personal Public Service Number (PPSN) or where an employer is unable to retrieve a Revenue Payroll Notification (RPN) for the employee
• First Employment in a tax year
• Tax treatment in a Week 53 payroll

This module explains the calculation of Universal Social Charge (USC) to include the income which is liable to USC, exemptions from USC and the impact of a medical card on an employee’s USC liability and contains numerous examples of the Cumulative Basis, Week 1 Basis, Emergency Basis of USC and the USC treatment in a Week 53 payroll.

• USC Rates and COPs explained in detail
• Exemptions from USC and the impact of a medical card on an employee’s USC    liability
• Cumulative Basis and Week 1 Basis of USC
• Emergency Basis of USC
• First Employment in a tax year
• USC treatment in a Week 53 payroll

• PRSI System as it applies to both employees and employers
• PRSI Contribution Classes and Subclasses explained in detail,
• PRSI Contribution Rates payable by both employees and employers
• Tapered PRSI Credit for employees
• Records to be retained by employer

This module provides practical examples of how an employee’s net pay is calculated (i.e. gross pay less any deductions). This module outlines the deductions which can be made from an employee’s gross pay before the calculation of income tax, PRSI and USC. The module also deals with Local Property Tax (LPT) and how this is deducted through payroll. This module brings together all the rules covered in earlier modules to calculate net pay.

• Summary of deductions from gross pay under a salary sacrifice arrangement for income tax, PRSI and USC purposes
• Summary of deduction from gross pay for income tax purposes
• Deduction of Local Property Tax (LPT) through payroll
• Summary of deductions from net pay
• Calculating net pay

• Employers obligation to submit a Payroll Submission
• Identify the pay date and what information should be included in a payroll submission
• Employer Reference number and an employer obligation once a PPSN is received
• Payroll Corrections which can be corrected in the current period and errors which must be corrected in a previous payroll submission.

• Pre-populated Statement issued by Revenue
• Return date verses the payment date
• Quarterly remitters
• Payment Methods

• Employee’s obligation to issue each employee with core terms of employment and a full written statement of the term of their employment.
• Minimum hourly rate of pay an employer is obligated to pay an employee as well as the rates  where an employer may pay less than the national  minimum wage.
• Employer’s obligation to issue each employee with a written statement of their   wages (a payslip) and the details which must be shown on that statement
• Summary of Annual Leave and Public Holiday entitlements
• Employers obligation to pay Sick Pay