Small non-taxable employee benefits must be reported to Revenue from Jan 2024

EMPLOYERS SHOULD PREPARE TO REPORT EMPLOYEE BENEFITS

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Small non-taxable payments to employees will have to be reported to Revenue from 2024 placing another requirement on employers and their payroll functions. By Michelle Egan, AITI, CTA A new Enhanced Reporting Requirements (ERR) process is being introduced by Revenue for 2024 and later years to capture details of some non-taxable payments made to employees […]

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