Effective 1 January 2024, Ireland introduced enhanced reporting requirements whereby employers are obligated to report to the Revenue details of the following non-taxable expenses and benefits provided to employees and directors on or before the payment date to the employee:
Revenue have confirmed that the 30 June 2024 grace period will not be extended. As a result, employers need to ensure that they have the relevant processes and procedures in place to report these benefits in a timely manner from 1 July 2024.
Mark Hynes
BDO in Ireland
- Items that meet the conditions for the small benefit exemption;
- Payments related to the Remote Working Daily Allowance; and
- Expenses incurred for travel and subsistence.
Revenue have confirmed that the 30 June 2024 grace period will not be extended. As a result, employers need to ensure that they have the relevant processes and procedures in place to report these benefits in a timely manner from 1 July 2024.
Mark Hynes
BDO in Ireland