Industry Accountants 2024 - Pensions Auto Enrolment Ireland V United Kingdom (Feb 24)
Category: Tax | Duration: 1hr | Tag: VODIA2402 | Type: Video | Course Level: Foundation | Speaker: Tim Kelsey | Date: 28/02/2024 14:00
Course Details
Ireland is set to introduce pensions saving auto enrolment for employees by compulsory payroll deduction in 2024. The UK did so in 2012 and thus has twelve years of experience as to what the pit falls and challengers will be for Irish companies. For anyone used to the UK regime, the proposed Irish legislation will feel sufficiently familiar to lull payroll practitioners into a false sense of security. But the proposed Irish rules are different enough to ensure that accountants with payroll responsibilities in both countries will need to be careful not to muddle the two regimes. This course compares and contrasts the two auto enrolment regimes and highlight obvious areas of divergence where caution will need to be exercised.
Tim Kelsey covers the following topics during this course:
- The key aspects of the Irish legislation
- Comparison with UK rules to highlight similarities and divergence
- Contribution rates, calculations of contributions and tax relief mechanism
- The choices available to Irish companies as to how to meet the new obligations
- Lessons learned from the UK experience of auto enrolment
CPD Course Speaker
Kelsey’s Payroll Services Ltd
Tim Kelsey
Tim has worked in the Payroll Industry for 35 years, working as a Payroll Manager for large public sector bodies paying up to 18,000 employees. His particular specialism is international payroll, and he has run payrolls from Kingston, Jamaica to Entebbe, Uganda, and most places in between. In 2007 he formed his own company, and now spends much of his time writing and lecturing on all aspects of payroll. His articles on international payroll often feature in Payroll Professional magazine. He has author credits in several UK payroll handbooks covering chapters on international payroll requirements.
He runs a number of international payroll training courses, and is an enthusiastic and engaging tutor. He also runs training events on an in house basis to allow a company to focus on the international issues that are important to them, and will often produce bespoke work for clients not available on the open market. Tim has been a full member of the Chartered Institute of Payroll Professionals in the UK for over 30 years and was made a Fellow of the Institute in 2019. He holds the Irish Payroll Association’s Payroll Technician Certificate, and is a member of the Association.
When not training or writing, he also provides a range of specialist consultancy services to the industry, primarily focused on international payroll requirements. Recent projects include negotiations with the Irish Tax Authorities to forward a voluntary disclosure, Implementing a global payroll solution for a large US legal firm operating in 10 different jurisdictions, designing and implementing tax protection and equalisation schemes, performing health checks on Irish payroll software, performing a global review of payroll operations for a large US based client in 83 countries, and assisting a large charity to establish a shared services centre processing payrolls for 22 African countries in Nairobi.
The payroll health check process can be particularly useful for a client – a recent check generated a UK National Insurance refund of employer’s contributions totalling £130,000. Another client was able to negotiate a reduction in initial penalties levied in Ireland on a voluntary disclosure. A third has used the process to identify significant shortcomings in the processing of Norwegian taxes and related tax administration. He has contacts within the payroll industry around the world and likes nothing more than to talk “payroll” at global gatherings!
He runs a number of international payroll training courses, and is an enthusiastic and engaging tutor. He also runs training events on an in house basis to allow a company to focus on the international issues that are important to them, and will often produce bespoke work for clients not available on the open market. Tim has been a full member of the Chartered Institute of Payroll Professionals in the UK for over 30 years and was made a Fellow of the Institute in 2019. He holds the Irish Payroll Association’s Payroll Technician Certificate, and is a member of the Association.
When not training or writing, he also provides a range of specialist consultancy services to the industry, primarily focused on international payroll requirements. Recent projects include negotiations with the Irish Tax Authorities to forward a voluntary disclosure, Implementing a global payroll solution for a large US legal firm operating in 10 different jurisdictions, designing and implementing tax protection and equalisation schemes, performing health checks on Irish payroll software, performing a global review of payroll operations for a large US based client in 83 countries, and assisting a large charity to establish a shared services centre processing payrolls for 22 African countries in Nairobi.
The payroll health check process can be particularly useful for a client – a recent check generated a UK National Insurance refund of employer’s contributions totalling £130,000. Another client was able to negotiate a reduction in initial penalties levied in Ireland on a voluntary disclosure. A third has used the process to identify significant shortcomings in the processing of Norwegian taxes and related tax administration. He has contacts within the payroll industry around the world and likes nothing more than to talk “payroll” at global gatherings!