On 22 April 2021, the Revenue published a guidance, which was proposed to introduce electronic Professional Service Withholding Tax (ePSWT) from 1 July 2021. Section 13 of the Finance Act 2020 provides for an electronic Payment Notification through Revenue Online Service (ROS) and the ending of the paper F45 Form. This ePSWT solution will have impacts on both accountable and specified persons.
The most important administrative change to the PSWT process in this ePSWT solution is the removal of the paper F45 forms. The F45 forms are to be replaced with electronic ‘Payment Notifications’ on ROS. ePSWT summary information and guidance on the Payment Notifications file are available in this guidance.
