Last updated: Jan 19, 2024
As the landscape of work shifts towards more flexible arrangements, understanding the nuances of tax relief and allowances for remote working is crucial. A key component of this is the Remote Working Daily Allowance of €3.20 per day. This guidance article aims to help you understand this allowance and its implications for both employers and employees.
The shift towards Remote Working has brought forward various financial considerations, including the understanding of the Remote Working Daily Allowance. The Irish Revenue operates an administrative practice allowing employers to offer their employees a daily allowance of up to €3.20 for Remote Working. This guide provides an overview of this allowance and its application.
Under Enhanced Reporting Requirements introduced on 1 January 2024, the Employer is responsible for reporting the following details for on or before the payment of the allowance:
The employer must also keep records of any payments made as part of this practice for potential future Revenue compliance reviews.
The Working From Home allowance of €3.20 per day serves as a supportive measure for employees incurring additional expenses due to Remote Working. While optional for employers, it offers a tax-efficient way to assist employees. Both employers and employees should understand the eligibility criteria, tax implications, and record-keeping requirements associated with this allowance.
Should you have any queries or require assistance with your Accounting and Tax needs, our dedicated team at Incorpro is here to help. Connect with us by calling 01-4429409, or visit our Contact Page for more ways to get in touch. Stay updated and engaged by following our Social Media Pages on Twitter, Facebook, LinkedIn and Instagram.
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