PAYE modernisation compliance drive predicted

Farm businesses have been warned to expect fines of thousands of euro in 2020, if they are not compliant with the PAYE modernisation which was introduced 12 months ago, the biggest change in the Irish PAYE income tax system since the 1960s.

Revenue spent much of 2019 assisting employers with the new regime, and it will turn its attention to compliance this year, according to Ifac, the farming, food and agribusiness professional services firm.