At the commencement of a tax year must complete the election form on or before 31 December, prior to the year in which election will take effect. During the tax year must make the switch from the commencement of an income tax month, that is with effect from the 6th of a calendar month. Switch all employers, who have not already done so, to euro. Issue euro denominated P30 forms to all employers for the income tax month ending on 5th February 2002 and for subsequent months. Issue euro denominated P35s to all employers for year ended 5th April 2002 and for subsequent years.
Issue repayments to employees in euro only.
Must make all P30 returns and payment in euro commencing with the P30 return for the income tax month ending on 5 February, 2002. Must make their P35 return and any accompanying payment for year ended 5th April 2002 and subsequent years in euro only. Must issue employees with euro P60s for year ended 5th April 2002 and subsequent years. The TFA format will remain unchanged except the TFA amounts will be expressed in euro instead of Irish pounds. All disks will have a physical label indicating whether the disk stores euro on Irish pound data.