What Is Covered On The Day?
This course outlines the legislation and the rules relating to the operation of PSWT. It examines the types of payments which are liable to PSWT and those which are not, and it identifies many “professional services” which are not subject to PSWT. It outlines the rules in relation to Irish and overseas service providers, the forms to be completed and submitted to Revenue, and how arrears and amendments should be dealt with. The course also examines many of the practical difficulties which payers have to deal with, especially those concerning multiple supplies, expenses etc. The course covers a whole range of payments and uses many real life scenarios to highlight the complications which can arise and which lead to problems.
This course also outlines the requirements for certain public bodies to file a Return of Payments to Revenue, instead of having to submit an annual PSWT schedule of payments, and what payments must be included in this return.
When a person serving on a State, or State sponsored Committee or Board, is paid for services supplied, is that payment subject to PAYE, PRSI & USC, or is the individual treated as being self employed and if so, is the payment subject to PSWT? What are the rules for determining the correct tax treatment of such payments?
What will Revenue look at in the event of a Revenue audit and what are the possible repercussions?
Who Should Attend This Course?
Anyone who is responsible for the payment of fees for professional services and for the operation of Professional Services Withholding Tax (PSWT); the submission of 3rd Party Returns to Revenue, or anyone who is responsible for making payments to members of State or State sponsored Committees or Boards, will find this course to be of immense value.