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Year-End Payroll Ireland

Applied before they affect your payroll. Not after you notice something has changed.

Year-end payroll processing and Budget implementation are two of the highest-risk periods in the payroll calendar. Year-end requires ensuring all PSR submissions for the year are accurate and complete, and that employees can access their Employment Detail Summary via Revenue myAccount. Budget changes — new tax bands, PRSI thresholds, minimum wage rates, and SSP rules — must be applied from the correct effective date, which is often 1 January of the following year. A payroll that misses a Budget update affects every employee on every subsequent run until it's corrected.

What happens at payroll year-end? The full picture.

Year-end in Irish payroll is simpler than it used to be — the old P35 annual return was abolished with PAYE Modernisation. Employers now issue Employment Detail Summaries to employees and ensure all PSR submissions for the year are accurate and complete.

Budget changes are the higher-risk event. Each October, the Government announces changes that take effect from 1 January. These typically include new income tax bands and credits, USC rate changes, PRSI threshold adjustments, minimum wage increases, and changes to employer PRSI rates. Every one of these must be applied correctly in the first payroll run of the new year.

What Irish employers are required to do

  • Employment Detail Summaries (EDS) are generated automatically by Revenue at year-end and are available to employees via their myAccount — employers no longer issue P60s
  • Ensure all PSR submissions for the year are filed and accurate
  • Reconcile PAYE, PRSI, and USC payments against Revenue's records
  • Apply new tax bands, credits, and USC rates from 1 January
  • Apply minimum wage increases from their effective date
  • Update employer and employee PRSI rates from the correct date
  • Apply any changes to SSP entitlement or BIK rules from the effective date

Where most employers are not yet up to speed

These are the errors CBCR finds most often when reviewing payroll for new clients:

  • Not being aware that Employment Detail Summaries have been replaced — employees access their Employment Detail Summary directly via Revenue myAccount
  • Not applying Budget changes in the first January payroll run — every subsequent run is then wrong
  • Using the previous year's minimum wage rate after an increase has taken effect
  • Not applying the correct PRSI rates — 11.25% to 30 September 2026, increasing to 11.40% from 1 October 2026
  • Not updating payroll software with new tax credit values and cut-off points
  • Failing to reconcile annual PAYE payments against Revenue's employer record

How CBCR handles it

CBCR monitors Budget announcements each October and applies every change in the first payroll run of the new year. No need to ask. We issue Employment Detail Summaries to your employees by the January deadline, reconcile your annual PAYE position, and flag any year-end actions required before the January runs begin. When something changes, it's in your payroll before it affects your people.

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Frequently asked questions

Employment Detail Summaries must be issued to all employees by 31 January of the year following the tax year. Employees can also access their income details through Revenue's myAccount service.
Budget changes announced in October typically take effect from 1 January of the following year. Changes include new income tax bands and personal tax credits, USC rates, PRSI thresholds, and minimum wage rates. Every one must be applied in the first payroll run of the new year. Missing even one creates a systematic error that compounds across every subsequent run.
The national minimum wage is €14.15 per hour from 1 January 2026. Sub-minimum rates apply for employees under 20. Employers must ensure all hourly-paid employees are receiving at least the current rate.
The standard employer PRSI rate is 11.25% (increasing to 11.40% from 1 October 2026) from October 2024. This applies to most employees earning above the weekly threshold. A lower rate of 8.8% applies to employees earning below the lower earnings threshold. The specific thresholds are updated annually.
The main obligations are issuing Employment Detail Summaries by 31 January and ensuring all PSR submissions for the year are complete and accurate. Revenue reconciles your annual PAYE position against your monthly payments. If there's a discrepancy, they will contact you. A properly managed payroll service maintains a running reconciliation throughout the year so there are no year-end surprises.

Official Revenue & Government resources

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