Under Real Time Reporting (RTR), you make a payroll submission on or before the date you pay your employees. The only exception is when your normal pay day falls on a bank holiday. When this happens and an employee is due to be paid by funds transfer on that day, Revenue expect the funds are made available in the employee's bank account on the previous day. They regard this date as the pay day. Pay day falls on a bank holidayIf your normal pay day falls on a bank holiday but you pay your employees early, Revenue's advice is to use your normal pay day as the pay date. For example, your normal pay day falls on Wednesday 25 December 2024. As the banks are closed on 25 December, you can't make the payment on this day. Instead, make the payment on Tuesday 24 December 2024, but still report the pay date as 25 December 2024, and process this payment in period 12 of 2024. In Sage Payroll, you can process your payroll using your normal pay date. You don't need to change this to the earlier date. |