The Finance Act 2022 introduced Section 897C which will require employers to report details of certain expenses and benefits made to employees and directors. Reporting the details of these expenses and benefits commenced on 1 January 2024
These are benefits which are not currently subject to tax under the PAYE system and are the following:
- The remote working daily allowance of €3.20
- The payment of travel and subsistence expenses
- The small benefit exemption
Small benefit exemption
You must submit details of the date paid and value of this benefit.
Remote working daily allowance
When you are paying a Remote Working daily allowance, you must report the:
- total number of days
- amount paid
- and
- date paid.
Travel and subsistence
You must submit the following Travel and subsistence items, including the date paid and amount of each payment for:
- travel vouched
- travel unvouched
- subsistence vouched
- subsistence unvouched
- site-based employees (including 'Country money')
- emergency travel
- and
- eating on site.
Why is this information required?
This information will:
- enhance Revenue’s Compliance Intervention Framework by directing resources away from compliant employers
- provide quality high level data in support of effective and informed policy decisions by the Department of Finance
- and
- increase visibility and assurance for employees in relation to non-taxable payments. We will publish further information in due course.
If you have any queries on the above please contact our Payroll Team on payroll@quintas.ie
