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Payments of €86m reported under new rules

Revenue figures show that around 17,500 employers made submissions to it during January under new reporting obligations that came into effect at the start of this year.

The new rules require employers to report details of certain expenses and benefits made without the deduction of tax to employees and directors.

Revenue said that more than 66,000 submissions had been made by approximately 17,500 employers by the end of January.

Since 1 January, employers who provide the remote-working daily allowance, untaxed travel-and-subsistence payments, or qualifying incentives under the small-benefit exemption to their employees and directors, are required to report the payments or benefits to Revenue.

Payments and benefits

The submissions made to Revenue during January 2024 relate to more than 702,000 payments and benefits provided to 226,800 individual employees and directors.

The value of these payments and benefits amounts to almost €86 million, broken down as follows:

• 14,000 remote-working daily allowance payments, valued at almost €700,000,
• 32,000 qualifying incentives under the small-benefit exemption, valued at €19.3 million, and
• 656,000 non-taxable travel-and-subsistence payments, valued at €65.9 million.

The tax body has repeated that it will continue supporting employers and agents to comply with the Enhanced Reporting Requirements (ERR), and will host further information webinars.

Revenue said last year that it would support employers who were trying to comply with the new rules, acknowledging that it would take time for the new rules to be fully integrated into their business processes.