The new Employer P30 and P35 Returns reviewed by Galway Accountants GBS & Co

Galway Accountants GBS & Co review the new Employer P30 and P35 Returns

Employers, agents and payroll practitioners should note that employers P30 and P35 Returns, for periods from 1st July 2013, have been amended as follows:
P30

Separate field for USC (USC was previously included in PAYE figure) in addition to the existing PAYE and PRSI fields.
A new “LPT” field.

P35 Declaration

Separate field for Universal Social Charge (USC was previously included in PAYE figure) in addition to the existing PAYE and PRSI fields.
New “Local Property Tax” field.

P35L

New “Local Property Tax” field.
New field for negative USC amounts for individual employees

LPT

One of the payment options for LPT is by way of Deduction at Source by the property owner’s employer/pension provider. An instruction will issue to employers/pension providers to deduct LPT on employer tax credit certificates (P2C).

Employers/pension providers who have not been issued with an instruction to deduct LPT on employer tax credit certificates (P2C) should declare nil for LPT on their P30 and P35 returns.

for further infomration please contact Galway Accountants Ciaran Guilfoyle of GBS & Co on www.easypayroll.ie / info:easypayroll.ie