The Enhanced Reporting Requirements (“ERR”) is a new reporting obligation which came into effect on 1 January 2024.

The new rules are aimed at enhancing Revenue’s oversight of certain non-taxable benefits and expenses to ensure employer compliance, and correctly categorising such benefits and expenses as non-taxable under the relevant legislation and/or guidance. 

Revenue initially introduced a 6-month grace period in December 2023 to enable employers to implement the new requirements.

Revenue has recently announced an extension on the deadline for compliance to ERR to January 2025. Revenue has confirmed that they will continue to support employers in relation to ERR obligations and will not seek to apply penalties for non-compliance in respect of ERR throughout 2024. 

Whilst the extension of the concession is a positive development, employers should still strive to comply with the requirements commencing from 1 July 2024, in order to satisfy Revenue’s expectations and to mitigate the risk of broader PAYE compliance intervention.

Should you have any queries in respect of the above or the implications for your business, please contact our dedicated tax team.