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Interest on overdue payments

Leaflet Sections

1 Introduction
2 Purpose of this guide
3 Personal Public Service Number
4 What is a PRSI contribution
5 Which employees are covered
6 Who is responsible for deducting paying PRSI
7 Special Collection System
8 How are PRSI rates determined
9 PRSI Free Allowance for employees
10 Health Levy
11 NationalTraining Fund Levy
12 Definition of reckonable earnings for PRSI purposes
13 Benefit in Kind
14 Super annuation contributions
15 Permanent Health Insurance
16 Lump sum payments when employment ends
17 Registration of employers
18 Registration of employees
19 Employees annual PRSI ceiling
20 Employees in two or more employments at the same time
21 Employed and self employed in same contribution year
22 Termination of employment
23 Employees with two or more consecutive employments
24 Voluntary insurance
25 Where a husband and wife are both employed
26 How to decide the Social Insurance contribution class
27 Codes and subclasses within the PRSI classes
28 Part time employment
29 Systematic short time employment
30 Subsidiary employment regulations
31 Domestic employer scheme
32 Employees abroad
33 Paying the correct PRSI class
34 Calculating PRSI contributions
35 Manually calculating PRSI
36 Using the Ready Reckoner

37 Retrospective payments
38 Change of contribution class on reach ingage
39 Contribution class in the case of more than one employment
40 Paying PRSI contributions during illness
41 Permanent health benefit schemes Income Continuance
42 Weeks of insurable employment
43 Contribution week
44 Work sharing effect on PRSI contributions see leaflet SW
45 Work sharing effect on amount of PRSI due
46 Week
47 Recordingt he correct number of weeks of insurable employment
48 Counting weeks of insurable employment where a change of PRSI class occurs
49 What weeks are not weeks of insurable employment
50 MonthlyremittancetotheCollectorGeneral
51 Submitting Nil returns where no PAYE tax or PRSI is due
52 Interest on overdue payments
53 Separation of PRSI contributions from PAYE income tax
54 Small monthly remittance
55 Recording of PRSI Details
56 Details to record during the year on theTax Deduction Card or other approvedr ecord
57 Change of contribution class
58 Completing end of year returns
59 How to complete form PL
60 Two or more changes of contribution class in an income tax year
61 Lodging end of year returns
62 Importance of end of year returns
63 Certificate to employees form P
64 Casual employees
65 Underpayments
66 Overpayments and refunds
67 Keeping records
68 Allowing employees to inspect their records
69 Penalties for failing to remit PRSI contributions
70 Where to get further information
71 EmployersChecklist

If a payment is overdue, the employer must pay interest on it. Interest on all overdue payments is chargeable at 1% per month or part month.

Note

Each P30 the Collector-General issues is customised for each employer for each individual month so you should not use it to reflect the remittance of any month or employer other than that specified on the P30. If you use a form P30 with the wrong coding or registration number, payments will be appropriated incorrectly, leaving you open to further collection action.

Last Updated: 24/09/2008 15:09

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