Revenue introduces new reporting requirements for 2024

Employers need to be aware of the enhancements, set to come into play in the new year

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Salon bosses, like other employers, will have extra reporting duties to undertake in the new year. From 1 January 2024 they will have to report to Revenue details of certain payments made to employees and/or directors.

If an employer makes a payment under one or more of the following categories: travel vouched, travel unvouched, subsistence vouched, subsistence unvouched, eating on site, site-based employees, or emergency travel, they are required to report details of these payments, including amount and date paid, to Revenue on or before the date of payment.

This also includes small benefit, with a maximum of two benefits in a tax year with a cumulative value that cannot exceed €1,000 and remote working daily allowance, where details will be required of the number of days and amount and date paid.

To get involved with Revenue’s upcoming webinars and information sessions on reporting requirements, email pims@revenue.ie

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