An Overview of how to use monetary payments in Alkimii to support Enhanced Reporting Requirements in Ireland
Starting from January 1, 2024, in Ireland the Revenue will mandate employers to disclose information about specific expenses and benefits provided to employees and directors. You will need to send your payment elements to hello@alkimii.com for these to appear.
In the Republic of Ireland there is a requirement for employers to provide details to Revenue of any Monetary expenses and benefits paid to employees for travel and subsistence & Gift Vouchers. If you process these payments through Alkimii you can have these payment types activated in Alkimii once you provide Alkimii with the Payroll Element codes. There are two columns below, one the Government Reporting Name (this will appear in your Payroll System) and to the right what these will appear as in the Monetary Payment section of Alkimii. The reason for Alkimii using different names is to make it easier for you to identify what type of expenses go where.
|
Travel and Subsistence (Government Reporting Name) |
Travel and Subsistence - How the names appear in Alkimii |
| Travel Vouched | Expenses Travel |
| Travel Unvouched | Expenses Mileage |
| Subsistence Vouched | Expenses Meals & Accommodation |
| Subsistence Unvouched | Not available in Alkimii |
| Emergency Travel | Expenses Emergency Travel |
| Gift Vouchers | Reportable Benefits (Any gift given to employees) |
If you need more information on your Enhanced Reporting Requirements, please visit the Revenue.ie (Click this link to view their website)