Collsoft Payroll

Ireland's workplace pension scheme, branded My Future Fund. Live since 1 January 2026, administered by NAERSA. Eligible employees aged 23 to 60 earning over EUR 20,000 are automatically enrolled, with contributions deducted at source by payroll software.

Tax charged on non-cash perks (company cars, vans, accommodation, low-interest loans) provided to Irish employees. BIK is added to gross pay and taxed via PAYE.

Annual statement employees download from Revenue MyAccount showing total pay, tax, USC and PRSI for the year. Replaced the P60 from 2019 onward under PAYE Modernisation.

The statutory body that runs Ireland's Auto-Enrolment workplace pension scheme (My Future Fund). Identifies eligible employees, issues Auto-Enrolment Payroll Notifications, and collects contributions from employers. Operationally live since 1 January 2026.

Ireland's real-time payroll reporting regime, introduced by Revenue on 1 January 2019. Every payroll run must submit data to Revenue on or before the date employees are paid.

Irish statute governing how wages must be paid, the right to a payslip, lawful deductions, and (since 2022) the rules on tips, gratuities and service charges.

Ireland's social insurance contribution deducted at source by payroll. Most employees are on Class A1, with employee PRSI at 4.1% and employer PRSI at 8.9% (lower rate) or 11.15% (higher rate) from October 2024 rates.

A withholding tax that principal contractors deduct from payments to subcontractors in construction, forestry and meat-processing. Rates are set by Revenue at 0%, 20% or 35% based on the subcontractor's compliance record.

A VAT rule specific to Irish construction services: where both parties are RCT-registered, the subcontractor invoices net of VAT and the principal accounts for the VAT in their own VAT3 return.

Revenue's secure portal for businesses, agents and large filers. Used to file VAT3, Form 11, CT1, RCT notifications, PAYE submissions and to access Revenue Payroll Notifications (RPNs).

Mandatory paid sick leave for Irish employees, introduced by the Sick Leave Act 2022. Phased in from 3 days in 2023, rising to 10 days from 2026 onward.

Irish payroll tax on gross income deducted at source by employers via PAYE and reported in real time under PAYE Modernisation. Bands, rates and exemption thresholds are set in the annual Finance Act.

Capital and salary support for a new microenterprise in its first 18 months of trading, up to EUR150,000 toward eligible costs.

Up to three years' relief from corporation tax for new companies, scaled by the employer's PRSI paid on staff salaries.

Income tax refund of up to 41% on cash invested into a new Irish company, claimed back from PAYE paid in the previous six years.