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Keveny Monahan Limited. Chartered Accountants, Herbert House,
18 – 22 Pembroke Road, Dublin 4, D04 TT68.
TEL: 01 6680125
EMAIL: info@kmca.ie
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Keveny Monahan Limited.
Chartered Accountants.
Herbert House,
18 – 22 Pembroke Road,
Dublin 4, D04 TT68.
Telephone: + 353 1 668 0125
Fax: + 353 1 660 6941
E-mail: info@kmca.ie
The Blog
PAYE Employees - Changes to end of year P60
As part of PAYE modernisation, P45s and P60s have been abolished and replaced with an online system. Since 1 January 2019, employers have to report details of their employees' pay, income tax, PRSI and USC to Revenue every time they pay their employees. Employers must also give details of any employees leaving their job.
Your 2018 P60 is the last P60 that you will get from your employer. From 2019, an end of year statement will be available to you through Revenue’s myAccount service. An end of year statement includes details of all your pay and deductions from all employments for that tax year.
Your end of year statement will be available for 2019 after 31 December 2019 using Revenue's myAccount service. This contains details of your pay as well as the income tax, PRSI and Universal Social Charge (USC) that has been deducted by your employer and paid to Revenue. It is an important statement, as it is a record of your PRSI contributions. You can request a paper version of the statement by contacting your local tax office.
You will no longer get a P45 if you leave your job. Instead, your employer will enter your leaving date and details of your final pay and deductions into Revenue’s online system and you can access these details through Revenue’s myAccount service.
For more information please vist the Revenue Website - https://revenue.ie/en/jobs-and-pensions/end-of-year-process/index.aspx