From January 2024, there will be a mandatory requirement for employers to report to Revenue on certain expenses or benefits paid to employees on a real-time basis. Enhanced Reporting Requirements was introduced in Finance Bill 2022, Section 897C of the TCA 1997.
What is it?
Employers will be required to report details about certain expenses or benefits to Revenue in electronic format on or before the date of such payment on behalf of employees.
Enhanced Reporting Requirements (ERR) will apply to enhanced benefits paid directly to employees in three categories. Expenses made by employers on behalf of employees will not be reportable. For more information check read our Newsletter.
Mazars is delighted to be partnering with the 2024 Invest in Ireland Awards and is sponsoring the Best Regional Investment category. This category rewards excellence in FDI activity that takes place outside of the two major FDI hubs in the Republic of Ireland (Dublin City and Cork City).
Mazars has deep experience in providing outsourced payroll administration to clients around the world. But unlike most traditional payroll providers Mazars offers you more than “just” payroll administration.