OK here's the scenario
Proprietory Director doesn't take regular salary payments
In 2018 and prior, any payments taken in each calendar month were totted up and then a Net-to-Gross was run at the end of the month and the P30 was submitted and paid
But now
Revenue say that every payment made HAS to be reported on or before the payment date so if that director wants to take a payment today then this payment must be reported to Revenue today
So now I must change the payroll to weekly reporting instead of the previous monthly reporting
But suppose there are some weeks where work is slow so the director doesn't take a payment at all in that week
This will result in the director having less than 52 PRSI stamps for 2019
Revenue Employer helpdesk are telling me that this PRSI shortfall will "sort itself out" with the submission of the Income Tax return which is basically rubbish
Is my understanding of the situation correct?
Proprietory Director doesn't take regular salary payments
In 2018 and prior, any payments taken in each calendar month were totted up and then a Net-to-Gross was run at the end of the month and the P30 was submitted and paid
But now
Revenue say that every payment made HAS to be reported on or before the payment date so if that director wants to take a payment today then this payment must be reported to Revenue today
So now I must change the payroll to weekly reporting instead of the previous monthly reporting
But suppose there are some weeks where work is slow so the director doesn't take a payment at all in that week
This will result in the director having less than 52 PRSI stamps for 2019
Revenue Employer helpdesk are telling me that this PRSI shortfall will "sort itself out" with the submission of the Income Tax return which is basically rubbish
Is my understanding of the situation correct?