Parking Levy
CAR PARKING LEVY
As of 01st January 2013, the car parking levy has not been passed in legislation and so has not yet been implemented.
The car parking levy is a charge on employees for the use of car parking facilities provided by the employer in designated urban areas. The car parking levy will only apply to employer provided parking facilities in the major urban centers of Cork, Dublin, Galway, Limerick and Waterford.
For the list of specific areas affected within these locations please refer to the Revenue Commissioners.
Rate of Car Parking Levy
A flat rate of €200 will apply per annum.
Collection of the Parking Levy
The employer will deduct the levy from the employees through the payroll system and return the levy to Revenue. The deduction will be spread across the tax year in line with salary payments. The deduction should be returned on the periodical P30 return to the Collector General. The parking levy will be included with PAYE & USC on the P30.
Car Parking Levy start date
The commencement date of the Car parking levy is yet to be confirmed.
The payroll manager has complete capability for the deduction of the parking levy through the dedicated "Parking Levy" field including in the deductions screen. Once the parking levy is activated the payroll will commence the deduction at the user specified rate.
The parking levy deducted will automatically update the P30 accordingly to include this figure for remittance to the Collector General on the periodical P30.
Thesaurus Payroll Manager – Setting up the Car Parking Levy Deduction
Thesaurus Payroll Manager has been pre-programmed to recognise a deduction as a Parking Levy deduction once the user uses the designated fields within the program.
Do not set up the parking levy deduction in advance of the commencement date, to be announced by the Minister for Finance - as once the deduction is set up it will start to deduct from the employee salary in the following pay period.
TO SET UP THE CAR PARKING LEVY DEDUCTION
Process ICON no. 1 OR
Employee> Add/Amend Employees>
or
Process ICON no. 2 OR Payslips> Weekly/Fortnightly or Monthly Input>
Choose the employee form whom you wish to deduct the parking levy
Click into “Deductions”
Under the last option of “Non-Allowable Deductions” any of the deduction boxes can be used.
In order for the deduction to be recognised as the specific parking levy deduction, so that it is reflected correctly on all Revenue returns, e.g. P30, P35 and P60, simply start to type “Parking Levy” within the narrative field.
Once this is done the program will automatically complete the narrative to read “Parking Levy”.
Enter the amount of levy which should be deducted from the employee’s salary in line with the remaining pay periods for the tax year.
The amount entered will be deducted from the employee’s salary in each pay period going forward and will be returned on the P30, P35 and P60 accordingly.
For further information in relation to the Car Parking Levy please refer to guidelines which will be published by Revenue upon implementation.
