Revenue have given advance notification that additional information will be required to be included in the PAYE end-of-year returns (P35s) for 2017 and subsequent years.

Two additional fields must be completed in the “Taxable pay – this employment field”:

1. Share based remuneration comprising of shares in the employer company or a company that controls the employer company
2. Non-cash benefits other than share based remuneration referred to above. For example, this might include private use of a company car, preferential loans, free or subsidised accommodation or shares in companies that are not held in the employer company or a company that controls the employer company.

The advance notice is given so that payroll software providers and operators can ensure that the relevant information is captured in payrolls from 1 January 2017. A P35 Schema document will issue later in 2017 which will show these additional fields.

More information can be found in Revenue eBrief No. 93/16 on here.