Enhanced reporting requirements for employers
17/07/2023 16:14:49Revenue has circulated an update on changes to reporting requirements for payments to employees and/or directors.
New requirements from 1 January 2024
The introduction of Section 897C of the TCA 1997 as part of the Finance Act 2022 will require employers to report to Revenue details of certain payments made to employees and/or directors. The requirement to provide this information will commence on 1 January 2024.
Where an employer makes a payment under one or more of the following categories, they are required to report details of these payments to Revenue on or before the date of payment:
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Travel and Subsistence
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Small Benefit
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Remote Working Daily Allowance
For more information, see the Revenue Update on Enhanced Reporting Requirements.
