BrightPay 13.2, With Local Property Tax (LPT) Support, is Now Available

Local Property Tax (LPT) payroll deductions will become mandatory for applicable employees from 1st July 2013 onwards. Revenue have already started to issue updated P2Cs with LPT amounts.

You will need to upgrade to BrightPay version 13.2 to handle LPT payroll deductions. When you next launch BrightPay, the upgrade should be automatically detected – just follow the instructions on-screen. If you have any problems upgrading, please contact us.

BrightPay 13.2 Release Notes

Local Property Tax (LPT)

• Ability to import P2C files which contain total LPT amounts. Total LPT amounts can also be entered manually.
• LPT calculation and inclusion of LPT values on payslips and workings.
• P45 and P45 Part 3 updated to support LPT values (both ROS files and printable versions).
• P30 updated to support LPT values (on-screen, ROS files, and printable versions).
• Several LPT fields have been added to analysis.
• Ability to enter LPT year-to-date information in a mid-year employer setup.

Other features, improvements and bug fixes:

• Ability to print employee calendar.
• Ability to print annual leave entitlement calculation.
• Ability to enter previous employment figures for P46 employees (before, it was only possible for P45 Part 3 employees).
• Ability to import several new mid-year year-to-date values when importing employees from CSV.
• Fixed an issue in which an incorrect PRSI class is stated on the P45 for an employee who had one or more zero-pay payslips.
• Fixes an issue in which certain USC rates/bands and previous employment figures are not correctly imported from a P2C file.
• Fixes an issue in which incorrect year-to-date values are shown on the Tax Deduction Card of an employee who started during the tax year.

Bright Contracts – Employment contracts and handbooks.
BrightPay – Payroll Software

Posted byRoss WebsterinLPTNew FeaturesPayroll Software

Taxation of Maternity Benefit, Adoptive Benefit & Health & Safety Benefit

From 1st July 2013 Maternity Benefit, Adoptive Benefit & Health & Safety Benefit payable by the Department of Social Protection will be taxable in full.  These payments will be taxable but will not be subject to USC or PRSI.  

The Revenue Commissioners have confirmed that employees in receipt of Maternity Benefit, Adoptive Benefit or Health & Safety Benefit will have their tax credit and standard rate cut-off point reduced to reflect the benefit they have received.  As the benefit will be taxed by Revenue and not at source the recipients will continue to receive the same payment from the Department of Social Protection. 

Employers will be advised of the adjusted tax credits and standard rate cut-off points on the tax credit certificates (P2C’s).  As the benefit will be taxed by reducing the employee’s tax credits and standard rate cut-off point, employers are NOT to include figures for the benefit on Revenue forms i.e. P45, P60 or P35L.

Bright Contracts – Employment contracts and handbooks.
BrightPay – Payroll Software

Posted byAudrey MooneyinPAYEPayroll SoftwarePRSI