Budget Speech Tax Updates for 2024
In this year’s Budget Speech, the minister of finance announced notable tax changes for the 2024 tax year. This blog outlines these changes and the corresponding updates on the SimplePay system.
In this year’s Budget Speech, the minister of finance announced notable tax changes for the 2024 tax year. This blog outlines these changes and the corresponding updates on the SimplePay system.
SimplePay’s newest feature lets you create custom items that follow the same tax and payroll rules as system items.
SimplePay now has an option to generate the List of Employees report required by Revenue for PAYE Modernisation.
GDPR comes into force on 25 May 2018, bringing with it stricter privacy laws, greater responsibilities and enhanced rights. We’ve been hard at work to ensure we meet our obligations in time.
With the new tax year underway since 1 January, we’d like to reassure you that our system has been updated to ensure that you are always compliant with legislation. There is no need to do any manual updates as in other payroll systems – simply continue processing payslips into the new tax year. Your payroll will automatically meet all the requirements for the 2018 period, as announced in the 2018 Budget on 10 October 2017. If you are still processing payroll for the 2017 tax year, the old tax rules will still be used, as you’d expect.