NB Returns by Employers in Relation to Reportable Benefits – Enhanced Reporting Requirements

[WizardDr]

Many small businesses could easily get caught out on this which applies from 01/01/2024 and applies to the below so far:

The reportable benefits are:
1) the remote working daily allowance of €3.20,
2) the payment of travel and subsistence expenses, and
3) the small benefit exemption.

This was issued by Revenue today and is an update from previous post. Whilst I think this is Revenue overdoing it this will continue.

One area that non-company self employed people could get caught is that they are only allowed to claim expenses incurred and not the civil service rates.

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-38/38-03-33.pdf

 

[24601]

One area that non-company self employed people could get caught is that they are only allowed to claim expenses incurred and not the civil service rates.

When have self employed people ever been able to claim the civil service rates?

 

[WizardDr]

@24601 They were never able to claim civil service rates but it should be standardised.

I would have thought that some self employed people would not be aware of this - and it applies to their employees too.