Enhanced Reporting Requirements- What To Be Aware Of

What are the Enhanced Reporting Requiremens(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 <info@dbass or 01 849 88 00> and we will be happy to help.