Eliminate Enhanced Revenue Reporting Requirements for 2024
Switch to CleverCards prepaid Mastercards for business expenses
Since January 1st, employers must report to Revenue each time they reimburse employees and directors for business expenses.
Employers are not required to report to Revenue when a CleverCards prepaid Mastercard is used by an employee or director to pay for expenses.
- Save hundreds of admin hours by using CleverCards prepaid MasterCards for expenses.
- Get greater visibility on expenses with real-time business expense tracking through your CleverCards dashboard.
- Increase control over expenses by setting individual and department spending limits and configuring cards for any category.
- Instantly issue or freeze CleverCards prepaid digital Visa cards and avoid lengthy delays that come with plastic credit cards.
Get set up instantly and eliminate the need to report on every employee expense in 2024!
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Enhanced Reporting Requirements (ERR) obligations for business expenses were introduced by the Irish Government in the Finance Act of 2022 under Section 897C came into effect on Jan 1st 2024.
See Revenue.ie for more info on new Enhanced Reporting Requirements for employee expenses.
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FAQs
CleverCards employee benefits cards are digital Visa cards that allow you to provide tax-free benefits to your employees in a flexible and convenient way. These cards can be used anywhere Visa is accepted, giving your employees the freedom to choose how and where they spend their benefits.
The gift card must:
- Be non-cash
- Not be part of salary adjustments
- Be purchased by the employer
- Not exceed €1,500 per year per employee
- Be limited to 5 benefits per year
A smart benefits scheme balances flexibility, cost-effectiveness, and simplicity. It offers diverse, tax-compliant perks that are easy to administer and appeal to employees across different generations and work styles.