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Enhanced reporting requirements from 01 January 2024

Enhanced reporting requirements from 01 January 2024

Overview

The Finance Act 2022 introduced Section 897C which will require employers to report details of certain expenses and benefits made to employees and directors. Reporting the details of these expenses and benefits will commence on 01 January 2024.

Payroll packages, like Collsoft, have made the reporting of these available via their software.  Please contact us for further details.

Information you need to report

Phase 1 will apply to any payments you make to an employee or director under the following categories:

Small benefit exemption

You must submit details of the date paid and value of this benefit.

Remote working daily allowance

When you are paying a Remote Working daily allowance, you must report the:

  • total number of days
  • amount paid
  • and
  • date paid.

Travel and subsistence

You must submit the following Travel and subsistence items, including the date paid and amount of each payment for:

  • travel vouched
  • travel unvouched
  • subsistence vouched
  • subsistence unvouched
  • site-based employees (including ‘Country money’)
  • emergency travel
  • and
  • eating on site.

Why is this information required?

This information will:

  • enhance Revenue’s Compliance Intervention Framework by directing resources away from compliant employers
  • provide quality high level data in support of effective and informed policy decisions by the Department of Finance
  • and increase visibility and assurance for employees in relation to non-taxable payments.

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