Understanding Payroll Theory in Ireland

What do you already know about payroll theory in Ireland?

Taxation in Payroll

Payroll theory in Ireland involves understanding PAYE (Pay As You Earn) tax, PRSI (Pay Related Social Insurance), USC (Universal Social Charge), and their impact on employee earnings.

Employee Benefits and Entitlements

Payroll theory encompasses the calculation and administration of employee benefits such as pensions, holiday pay, and sick leave entitlements.

Payroll Processing Systems

Various software and systems are used for payroll processing, including accounting software, dedicated payroll systems, and online platforms for tax submissions.

Compliance and Reporting

Payroll theory requires compliance with reporting obligations to Revenue, ensuring accurate submissions of tax deductions, employee details, and other relevant information.

Case Studies and Practical Application

Engage in case studies and practical scenarios to apply payroll theory in real-world situations, addressing complex calculations and compliance challenges.

What is a payroll tax?

1. A tax on property owned by a business.
2. A tax withheld from an employee's paycheck.
3. A tax imposed on company profits.
4. A tax applied to goods and services.

Review and Recap

Summarize the key concepts of payroll theory in Ireland, emphasizing the legal framework, tax considerations, employee benefits, and compliance requirements.

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.