Royal Canal Financial Control Services

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Enhanced Reporting Requirements (ERR) – June 2024 Update

From 1st January 2024, employers who pay any of the following expenses/benefits to their employees and/or directors are required to report those expenses/benefits to Revenue.

  • Travel and subsistence
  • Vouchers (and any other small benefits)
  • Remote Working Daily Allowances

Please be reminded of the following in relation to ERR:

  • ERR requires that all applicable expenses/benefits be reported to Revenue at the exact time the expense/benefit is given to the employee. For example, the date the employee is reimbursed for travel expenses incurred, or the date a voucher is given to an employee.
  • Vouchers: The second half of 2024 is expected to the busier in terms of vouchers. It is important to remember the following in relation to vouchers:
    a. There is a maximum allowed of 2 small gifts to each employee in one tax year and
    b. The total combined value of the small gifts for each employee is €1,000 in a tax year
    It is not possible to submit more than 2 small gifts/combined value of €1,000 to Revenue in respect of one employee
  • Travel expenses: Ensure you are reimbursing employees tax free expenses only for valid business journeys. When an employee uses their personal vehicle for business journeys, the correct way to reimburse the employee is through the use of an expense claim form, using a mileage rate which is no higher than the civil service mileage rates.
    Travelling from home to work, or from work to home, is not considered a business journey. There is an exemption for taxi journeys made on an irregular basis when public transport is not available (please contact us for details).

We are available to help you fulfill your ERR obligations, if you have any queries please do not hesitate to get in touch.