Tom Maguire on tax: get ready for new reporting requirements for employee benefits

A new real-time reporting requirement has been placed on employers in relation to certain expense payments

Enhanced Reporting Requirements are only five weeks away. ‘With increased administration comes increased responsibility’ Picture: Getty

Enhanced Reporting Requirements (ERR) will come in from the start of 2024. This is real-time reporting of certain expense payments to employees and Revenue recently updated their manual on this point. I was chatting with Colin Forbes, tax partner and leader of our Global Employer Services practice, recently as to the effect it will have on employers’ day jobs.

Finance Act 2022 brought about a new provision which provides for the mandatory (not optional!) reporting ...