The Finance Act 2022 introduced a new section 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 1 January 2024. For the avoidance of doubt, any reference to employees in this article also includes directors.

Employers will be required to make a report to Revenue where a payment is made to an employee in respect of the three main categories below. A detailed list of benefits and expenses to be reported can be found here. Only expenses incurred by the employee will be reported.

1. Travel & Subsistence
2. Small Benefit Vouchers
3. Remote Working Daily Allowance

The facility will be made available via ROS and employers will be able to submit, amend and correct ERR data and also check data already submitted. Revenue will provide third party software providers (e.g., SAGE payroll) with facilities to integrate with Revenue systems. Employers will need to contact their software providers to engage with Revenue as soon as possible. For technical information regarding ERR service integration with Revenue systems, please see Revenue’s GitHub. 

Employees will be able to view employer submissions via their MyAccount from 2024.

Expenses and benefits can be reported by file upload or by filling an online form, both via ROS. Instructions to submit payment details to Revenue can be found here. It is imperative to note that the report must be completed before the payment is made the employee. This means that the latest you can make ERR submission is the day the payment is actually made to the employee.

More information on the enhanced reporting requirements can be found here.

Revenue are arranging several webinars to bring employers up to speed with the new reporting requirements. A link to the recorded webinar can be accessed here. 

Statutory Sick Pay & Minimum Wage for 2024

The Statutory Sick Pay is the legal minimum sick pay which employers must pay. In 2024 this will increase from 3 days to 5 days. You can get sick pay of 70% of normal weekly pay, up to a maximum €110 a day. The Sick Leave Act 2022 can be accessed here.

The national minimum wage will increase by €1.40 to €12.70 per hour from 1 January 2024 for people aged 20 and over as announced in Budget 2024.

Please contact a member of the Keogh Ryan Tierney Tax Team if you have any queries.

The Keogh Ryan Tierney Tax Team – 15 December 2023

This does not constitute advice. Advice should be taken from a professional advisor before any actions are taken.