Updated Payroll Reporting Requirements From Revenue

The Finance Act 2022 has introduced Section 897C which will require employers to report details of certain payments made to employees and directors. Reporting the details of these payments will commence on 1 January 2024.

Where an employer makes a payment under one or more of the categories listed below, they will be required to submit all details of these payments electronically to Revenue on or before the date of payment.

1. Travel & Subsistence (amount and date paid for each of the following)

• Travel Vouched
• Travel Unvouched
• Subsistence Vouched
• Subsistence Unvouched
• Eating on Site
• Site based employees (includes “Country Money”)
• Emergency Travel

2. Small Benefit – i.e., voucher or tangible item (maximum two benefits in a tax year, cumulative value cannot exceed €1,000) *

• Date provided
• Value

* It is the first two qualifying benefits that are exempt.

3. Remote Working Daily Allowance

• Number of days
• Amount paid
• Date paid

Employer/Agent Engagement

In the coming weeks Revenue will begin providing information sessions on Enhanced Reporting. Enhanced reporting requirements from 1 January 2024 (revenue.ie)

Employers should consider the following:

• Will their company have reporting software or complete manual filings?
• Who is responsible for reporting to Revenue?
• How and where is the data recorded and how should it be reported?
• What internal systems and processes apply?
• Do they provide reportable non-taxable payments to employees?
  
• Outsourcing their payroll function. 
  
  

If you would like to find out more about outsourcing your payroll function, call us today and speak to a dedicated member of our payroll team.