2024 New Payroll Reporting Obligations for Employers

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2024 New Payroll Reporting Obligations for Employers

Revenue has released enhanced reporting requirements for employers, set to take effect on January 1, 2024. Employers will now be required to electronically notify Revenue in real-time regarding various tax-free payments and benefits provided to an employee/director.

What Needs to be Reported:

  • Daily Allowance for Remote Work: Employers should report payments up to €3.20 per day provided to employees working remotely.
  • Travel and Subsistence Expenses: Any reimbursed travel and subsistence expenses, whether vouched or unvouched (like civil service mileage rates), as well as country-specific allowances and emergency travel costs.
  • Small Benefits Exemption: Benefits or vouchers given to employees, limited to two small benefits each year, with a total value not exceeding €1,000.

Information Required for Reporting:

  • Employee details
  • Amount paid
  • For remote work, the number of days considered

Key Points to Remember:

  • Reporting should be done in real-time, specifically before the pay date.
  • This additional reporting isn’t part of the regular payroll submissions currently filed.

Note: There’s no need to report the use of company fuel cards or credit cards. Report only non-taxable payments exceeding the set thresholds.

Employees will have access to review the information submitted for them by their employer via their myAccount.

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