Payback Version 2018.05

New Features

ROS list of Employees
As part of PAYE Modernisation employers will have to submit a list of employees. This feature has now been made live in Payback. More information about the list of employees can be found here:

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-42/list-of-employees-guidelines-for-employers.pdf

Restore speeded up
Performance of database restore facility has been improved. Some customers' databases now contain over 15 years of payroll data and were taking a while to restore.


Payback Version 2018.04

Bug Fix

Online Timesheets
Problem where Payback sometimes crashes when uploading data fixed.


Payback Version 2018.03

New Features

Share Based Remuneration
New share based remuneration element type added. This element is notional and not ER PRSIable.

Email P60s
Facility to email P60s, like the current payslip emailing facility.

Bug Fix

Email Payslips
EmployeeID always added to temporary payslip file.


Payback Version 2018.02

PRSI
Subclasses A4, A6 and A7 which were previously used for the Employer’s PRSI Exemption Scheme are no longer in use as the scheme was closed to new entrants since 1 July 2013. Any employees that have the 'Employer's PRSI Exemption Scheme' option selected in the Employee>PRSI/USC tab will now be automatically calculated using the standard A sub classes for payments after 31 Dec 2017.

The option remains in the PRSI/USC tab for people still processing 2017 Payroll.

 


Payback Version 2018.01

(Pre-release version)

Budget Changes

PAYE
There were no PAYE changes for 2018 in the Budget. All PAYE rates stay the same.

PRSI
Employer contributions for Class A and Class H have increased by 0.1% Employer and Employee contributions for all other classes stay the same.

The Employer PRSI Exemption scheme has now finished. Classes A4, A6 and A7 are now discontinued.

USC
New USC Rates can be found here: https://www.revenue.ie/en/jobs-and-pensions/usc/standard-rates-and-thresholds-of-usc.aspx

The standard rates of Universal Social Charge are:
2011 - 2014 Rate 2015 Rate 2016 Rate 2017 Rate 2018 Rate
On the first €10,036 2% On the first €12,012 1.5% On the first €12,012 1% On the first €12,012 0.5% On the first €12,012 0.5%
On the next €5,980 4% On the next €5,564 3.5% On the next €6,656 3% On the next €6,760 2.5% On the next €7,360 2%
On the balance 7% On the next €52,468 7% On the next €51,376 5.5% On the next €51,272 5% On the next €50,672 4.75%
    On the balance 8% On the balance 8% On the balance 8% On the balance 8%

 

The Reduced rates of Universal Social Charge are:
2011 & 2012 2013 & 2014 2015 2016 2017 2018
Individual aged 70 years or over. Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less.
Individuals who hold a full medical card (regardless of age). Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less.
2% - on the first €10,036 2% - on the first €10,036 1.5% - on the first €12,012 1% - on the first €12,012 0.5% - on the first €12,012 0.5% - on the first €12,012
The 4% rate applies to all income over €10,036 The 4% rate applies to all income over €10,036 The 3.5% rate applies to all income over €12,012 The 3% rate applies to all income over €12,012 The 2.5% rate applies to all income over €12,012 The 2% rate applies to all income over €12,012

Illness Benefit

From 1 Jan 2018, Illness benefit will be taxed by reducing tax credits. This is a similar system to the way Maternity and Paternity pay are being taxed.

The quick set up facility will now set up Illness Benefit with all (PAYE, PRSI and USC) boxes unticked. Any employees that had Illness benefit set up prior to 1 Jan 2018, should have the PAYE check box unticked in the elements grid for payments after 2017.