15 February is Employer 2012 P35 Return Deadline

February 1, 2013

If you employ staff, the deadline for filing your 2012 p35 Return with Revenue is 15 February, two weeks from today.

This is also the due date for paying any remaining PAYE/PRSI liability for 2012, and for issuing your employee P60s for 2012.

If you file and pay via ROS, you can avail of an extended deadline of 23 February for your P35, but please bear in mind that this extension does not extend to your employees’ P60s.

ros_online

If you need assistance with a straightforward P35 query, you can phone the Revenue P35 helpline on 1890254565, (or 016763400 if, like me, you like cheaper phone calls).  Lines are open until 8pm next week, Monday to Friday, 4 to 8 February.

If your query is more complex or sensitive, you should instead just ask your accountant.


Have you received your 2012 P60 yet?

January 25, 2013

If you are working in paid employment, you should, around now, be receiving your 2012 P60 Certificate.

Your P60 is a Certificate of your annual Pay, and PAYE Tax, PRSI & USC deductions, for the past calendar year.  Your employer is legally obliged to issue you with your 2012 P60 by 15 February next,  but you may well have already received it recently.

Form P60 Certificate Pay, Tax, PRSI, USC

Your P60 is a very important document and it is essential that you keep it in a safe place.

 You will need your P60:

  • if you are completing a tax return, or making a tax refund claim for 2012.  Revenue may sometimes also require you to forward your P60 to them in order to verify your tax return or claim.
  • if you are making an application for a mortgage or loan, to a bank, credit union or building society.
  • as proof of your income if you  are claiming certain benefits from the Dept of Social Protection.
  • for a variety of other State benefits, eg SUSI Third Level Grants.

In addition, I recommend that you retain all your old P60s indefinitely, in case you need them in the future to verify your PRSI contributions history. This can be especially important for eligibility for the Contributory Old Age Pension.

If you don’t receive your P60 by 15 February next, you should ask your employer to issue it to you, without further delay.  They can do so either via payroll software, or by using the Revenue approved-format P60 templates, which are online in both MS Word and Laser format (the latter presumably for use with laser printers).


Today is P35 & RCT35 Deadline Day

February 15, 2011

Today, 15 February, is deadline day for 2010 annual returns by employers and  construction, forestry and meat processing contractors.

15 February is the annual deadline for filing of paper-format P35 returns with Revenue. A later deadline of 23 February applies to P35 returns filed online, where the liability is also paid online using the  ROS system.  The Revenue.ie site contains some useful guidance in relation to P35 returns.

This year’s P35 deadline is also the final opportunity for employers to make Self Corrections to PAYE underpayments for 2009 under Revenue’s Self Correction rules.  This is especially relevant in the case of locum doctors engaged to work in GP practices and possible exposure to PAYE/PRSI arrears if  they are subsequently deemed to be working as employees.

Revenue have previously warned affected General Practitioners to regularise their 2009 PAYE/PRSI position, if appropriate, by today, 15 February, otherwise they may face penalties for non-compliance.  See this recent Revenue eBrief for more on this topic.   The ‘if appropriate’ qualification is important as in many instances the question of GP’s liability to PAYE/PRSI is not at all clear-cut.

Finally, today is also the deadline for principal contractors to file 2010 annual RCT35 subcontractors returns with Revenue.  A similar deadline extension to 23 February applies also to the RCT35 return.  Again this later deadline applies only where both the return and the RCT liability payment  are submitted to Revenue using  ROS.  A recent Revenue eBrief stresses the importance to contractors of filing the RCT35 return on time.