Concept: Statutory Compliance (IRL)
PAYE
Workday Payroll for Ireland supports employer statutory obligations by performing these tax calculations.
- Tax
- Support for payment of tax includes:
- Calculation of taxable earnings.
- Calculation of Local Property Tax (LPT)
- Calculation of Pay Related Social Insurance (PRSI)
- Calculation of Universal Social Charge (USC)
- To calculate a worker's tax deduction amount for a pay period, Workday determines the worker's:
- Tax scale to be applied based on the workers tax details
- Taxable pay Year to Date (YTD) for cumulative tax calculations.
Pensions Auto-Enrolment
Workday Payroll for Ireland supports Pensions Auto-Enrolment requirements, enabling you to:
- Identify staging and re-enrolment dates.
- Define pension schemes used for auto-enrolment.
- Perform worker assessment within the payroll calculation.
- Enrol workers into the auto-enrolment pension scheme and deduct associated pension contributions.
- Apply postponement at the employer or worker level.
Verification of Legal Obligations
Workday Payroll for Ireland is designed to assist you generally in the deduction of taxes and other amounts, and the payment of statutory elements required by law. However, you should independently verify your statutory obligations required by the Revenue and other bodies.