Enhanced Reporting Requirements- What To Be Aware Of
Plan your expenses and deductions strategically each year
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Maintain accurate and organized financial records for easy reporting
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Use accounting and tax software to make management easier
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What are the Enhanced Reporting Requirements(ERR)?
Enhanced reporting requirements came into effect on 1 January 2024. Since 1 January, employers who provide
1. the remote working daily allowance
2. untaxed travel and subsistence payments or
3. qualifying incentives under the small benefit exemption
to their employees and directors, are required to report the payments or benefits to Revenue from this date.
Employers may report through the following mechanisms;
- Direct reporting software packages
- ROS file upload
- ROS online form
What happens if you do not comply with ERR?
Revenue have confirmed that they will not impose penalties for non-compliance for the remainder of 2024 however they have stated that they are expecting reasonable steps to be taken by employers to comply due to the level of support systems in place.
NOTE: Failure to submit returns during this time may increase the likelihood of employers being subjected to a PAYE risk review.Should you wish to discuss this topic in more detail with one of our Tax team, please do not hesitate to contact us on and we will be happy to help.
