The Finance Act 2022 introduced mandatory real-time reporting of certain ‘reportable benefits’ provided to employees and directors. The introduction of this reporting requirement is subject to a commencement order but it is due to go live on 1 January 2024.

The Finance Act 2022 introduced mandatory real-time reporting of certain ‘reportable benefits’ provided to employees and directors. The introduction of this reporting requirement is subject to a commencement order but it is due to go live on 1 January 2024.

We're committed to keeping our clients informed about the latest changes in employee compensation and benefits. Below, you'll find a summary of recent updates, including changes to pension enrollment, tax guidelines for pension lump sums, mandatory employer reporting details, and new provisions for leave related to medical care and breastfeeding. Staying updated with these changes is essential for smooth business operations and ensuring the well-being of employees.

IPASS 2023 conference featured keynote speakers and panel discussions by renowned experts and thought leaders in the payroll industry. It has provided valuable insights into emerging trends, technological advancements, and regulatory changes impacting  payroll in the near future.

Following an announcement by the government in June 2021 of plans to establish a statutory sick pay (SSP) scheme, a draft Sick Leave Bill was published on 5 November 2021. On 13 July 2022, the Bill was passed by the Oireachtas. And on 20 July 2022, the Sick Leave Act 2022 became law.

The new scheme aims to bring Ireland in line with other European countries that have mandatory paid sick leave for workers in place.

Under the legislation, employers will be obliged to provide a minimum number of paid sick days annually from 2023.

Keep up to date with changes in your payroll for 2022. We list some of the most important changes which may have an impact on your business.

Following our recent visit to iPass 2022 we’ve put together our top takeaways that might impact your payroll in the future. If you would like any further detail on the implications for your business please feel free to contact our Payroll Department directly.

Payroll continues to experience great change as an industry, with technology, legislation, and social trends impacting from all directions. While the COVID-19 pandemic has accelerated some of these changes, it would be fair to say that it has not swayed the industry in a different direction.