Changes that may affect your payroll and HR procedures in 2024

Changes That May Affect Your Payroll And HR Procedures In 2024

We’d like to take the opportunity to remind you of some upcoming changes that may affect your payroll and HR procedures in 2024:

• As of 1^st of January the following will apply for minimum wage rates:

• Revenue have issued 2024 RPN’s (tax certificates) for all registered employees, in most cases this will affect take home pay for your staff from January, even if their basic pay has not changed.  We issue a payroll summary report to you for every run completed, please continue to check these carefully and ensure staff are being paid correctly.
• It is your responsibility to ensure new employees are registered to your employer number through payroll, except in the case of a first employment in the state; please let us know on or before the date new staff commence with you to enable us to contact Revenue before your employee is due to be paid for the first time.

• Enhanced Reporting Requirements (ERR) – From 1 January 2024, employers who pay any of the expenses/benefits below to their employees will be required to report those benefits to Revenue. This information must be submitted to Revenue on, or before, the payment date to the employee.
  • Travel and Subsistence
  • Small Benefit Exemption
  • Remote Working Daily Allowance

For further details on ERR please refer to our website here.

Enhanced Reporting Requirements are separate to existing payroll requirements and will be provided by us as an additional billed service.