THOUSANDS of workers could end up having too much tax deducted from their wages as a new PAYE system beds in, accountants have warned. THOUSANDS of workers could end up having too much tax deducted from their wages as a new PAYE system beds in, accountants have warned. Up to 120,000 employees could end up paying 51pc emergency tax as new PAYE system rolled outIt comes as large numbers of workers receive their first pay packet of the new year under Revenue’s new online reporting system. If the wrong employment details are on the new system these employees could end up on an emergency tax rate of 51pc. It said that PAYE employees will be able to claim tax credits and reliefs with more ease under the new arrangements.

Source: Irish Independent January 04, 2019 18:33 UTC