Tax experts urge Revenue to ease 'restrictive' reporting requirements hitting SMEs

The Irish Tax Institute echoed claims by business representative group Ibec which said employers are now being forced to report everything right down to Easter Eggs given to staff

If employers do not comply, they are subject to penalties from next year onwards. Photo: Leah Farrell / RollingNews.ie

The Irish Tax Institute has urged Revenue to ease its “restrictive” reporting system which it claims is hitting employers looking to retain staff and is negatively impacting small businesses.

In its pre-budget submission, the Irish Tax Institute warned Revenue that its updated Enhanced Reporting Requirements, which came into effect at the start of the year, has become burdensome for SMEs that want to reward staff under the Small Benefit Exemption scheme.