This release includes the changes to the 2023 Year End process, updates to the Statutory Sick Pay scheme and the Budget for 2024. The introduction of the Pan European Personal Pension Plan and the new Enhanced Reporting Requirements to Revenue.

STATUTORY SICK PAY SCHEME

We have made changes to the Statutory Sick Pay Scheme to allow for the increase from 3 days in 2023 to 5 days in 2024. For more details click here.

BUDGET 2024

We have implemented all the PAYE, PRSI & USC rate & band changes for 2024. For more details click here.

PAN EUROPEAN PERSONAL PENSION PLAN

We have implemented the new PEPPP (Pan European Personal Pension Plan), effective from 01 January 2024. For more details click here.

ENHANCED REPORTING REQUIREMENTS

We have implemented the Enhanced Reporting Requirements (ERR) introduced by the Finance Act 2022, the new system of reporting expenses to Revenue. ERR require employers to report any non-taxable benefits paid to employees and/or directors in real time, using a Revenue Online Service (ROS) facility. For more details click here.