Revenue has advised us of forthcoming changes to how Revenue will engage with agents providing services to PAYE taxpayers. Revenue is ending the practice, generally known as the “A2” process, of making repayments of Income Tax and/or USC to the bank accounts of tax agents, rather than directly to taxpayers. This change is being made to ensure that all taxpayers receive any repayments due as promptly as possible and will bring these repayments In line with other repayments of taxes and duties.
It is intended to implement the change in two stages. Firstly, from 1 January 2025, agents will no longer be able to add new clients to the A2 process and any such new clients will receive their repayments directly from Revenue. In the second stage, all repayments under the A2 process will cease from 31 December 2025. This will enable an orderly wind-down of existing arrangements during 2025.
Please note that this change relates solely to how repayments made by Revenue are remitted. It does not, in any way, represent a change to the option for PAYE taxpayers to engage the services of an agent to manage their tax affairs if they so choose.
Revenue will include this matter on the agenda of the December meeting of the Tax Administration Liaison Committee. In addition, Revenue is proposing to establish a working group with appropriate representation from the agent community, including representatives from the Institute, to identify and address any such transitional issues collaboratively. An eBrief will issue inviting persons to register their interest in this group.
LOADING...