paye-empl p35

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geordief

Registered User
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I have to fill in the p35 form for this small business with one employee.
How do I calculate how much I need to pay?
I don't deduct anything from the wages so I pay everything.
I can see there are websites for calculating income tax but I don't see where to do this form.
Even if I knew the rates and the exemption levels I could work it out myself.....
 
1. Were the payroll deductions not done on a weekly/monthly basis

2. You will need the employee's PPSN & relevant tax credits & cut-offs & net payments to retrospectively prepare a P35
 
no it is much simpler.The employee was simply paid cash or by cheque and at the end of their employment (a month or 2) I end up filling out the P35 form in Ros and have to pay whatever is required.
With the income tax form Ros more or less calculates it for me but with this I need to work it out myself.
As it is Class AO would it be 8.5% on everything earned even if .say ,it was just 200 a week?
 
If the employee was PRSI Class A0 then the Employer's PRSI element is indeed 8.50% of the Gross wage. If there were no PAYE & PRSI deductions from the Gross wage then the Employer's PRSI element is your only liability.

BTW, is it a P35 or a P45 which you are completing?

A P45 is the form which is completed and given to an employee when they leave a job while a P35 is a summary of all a business's employees and their wages for a particular tax year and must be submitted to Revenue before 15th February after the relevant tax year.
 
geordief said:
no it is much simpler.The employee was simply paid cash or by cheque and at the end of their employment (a month or 2) I end up filling out the P35 form in Ros and have to pay whatever is required.
With the income tax form Ros more or less calculates it for me but with this I need to work it out myself.
Click to expand...

If you do not have a monthly direct debit for PAYE set up with the Revenue, you are required to file monthly or quarterly (depending on the level of liability) P30s with the Revenue and pay the relevant liabilities at that point. You may be liable to interest charges for late payment of tax if you do not do this.

In addition you also need to obtain P2C forms for each employee in order to correctly calculate the PAYE which should be deducted from their wages. You obtain a P2C form the Revenue when you register an individual as your employee. This is important to ensure you are deducting the appropriate amount of tax and operating Employers PAYE correctly. For example, depending on the situation/individual you have been required to operate emergency tax on payments. Or for example to know whether you should be deducting tax on a Week 1 or culmulative basis.

You might need to read the Revenue's leaflet "Employer's Guide to PAYE"

If you take on employees in the future you should consider investing in payroll software or ideally outsourcing the function to a professional. You are leaving yourself open to unpaid tax liabilities and interest charges if you do not operate your payroll correctly.
 
Free payroll software: http://www.tassoftware.ie/products/QPTB.asp

You will need PPSN, Standard Rate cut-off point, and tax credits for the employee.
I'm not sure if by " I don't deduct anything from the wages so I pay everything" you mean you pay the employee what he wants to receive, and "top-up" to gross wage from there, but most payroll packages allow you to put in a net, and will calculate the gross from that and Tax credit, cut-off info.

No connection with Sage or Tas software.
 
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