Which date to use to process payroll
Description

Under RTR, also known as PAYE Modernisation, companies need to focus heavily on the quality and accuracy of the data they provide to Revenue on each pay day. This helps to ensure the right tax is paid in the correct pay period, without delays.

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Resolution

Which pay date to use

Under RTR, you must ensure that you process the payroll on the correct pay date. The pay date you need to use to process the payroll in the software, is the actual date the employee receives their pay.

Pay date is defined as the date on which the funds are made available.

  • If you pay the employee by cash, it is the date the cash is given to the employee
  • If you pay by cheque, it is the date on the cheque
  • If you pay by bank transfer, it is the date the funds are scheduled to be made available in the individual's bank account


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