Changes to the system

Currently, when a public service body pays a service provider for certain professional services, PSWT at 20% is withheld from the payment, resulting in a payment of 80% of the invoiced amount to the person. The 20% deducted is remitted to Revenue and the person is issued with a paper Form F45 detailing the payment and the deducted amount.

Benefits

The introduction of ePSWT means that the public service body will instead now submit a Payment Notification online in ROS (in a new ePSWT system), and remit 20% as usual as part of their F30 monthly return. ePSWT means that the public service body will no longer be issuing any paper F45 forms. This change will end the creation and issuing of more than 500,000 paper forms annually, resulting in a considerable reduction in the administrative burden.

Service providers will be able to view details of Payment Notifications relating to them in ROS/MyAccount.

This new system will include functionality which will allow service providers to:

• search for Payment Notifications submitted for payments received by them,
• generate PDF acknowledgment of any Payment Notifications they need, and
• run reports on Payment Notifications, which will be exportable via CSV file.

Timeframe and more information

Revenue is planning to have the new ePSWT system in place from 1 July 2021.

Further information about the planned system development and specifications are published on www.revenue.ie. A Tax and Duty Manual on ePSWT is due to be published on the website shortly.

Members with queries about the new system should contact their Revenue Branch via Revenue’s MyEnquiry system on ROS.