Accounting for Professional Services Withholding Tax (PSWT) in Xero

Who deducts PSWT?

Generally PSWT is deducted by state and semi-state bodies. These are known as accountable persons and include:

  • government departments
  • local authorities
  • Health Service Executive (HSE)
  • authorised health insurers
  • commercial and non-commercial semi-state bodies
  • any subsidiary of the above or a body funded by any of the above.

What are professional services?

Professional services for which PSWT is operated include:

  • medical, dental, pharmaceutical, optical, aural or veterinary services
  • architectural, engineering, quantity surveying or surveying nature, and related services
  • accountancy, auditing or finance services
  • financial, economic, marketing or advertising services
  • legal services
  • geological services.

How do I deal with professional services withholding tax in Xero?

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