RZLT was first introduced in 2022, however 2025 is the first year that a liability is actually payable. For 2025 the due date is 23 May 2025. This tax applies to: sites which are zoned residential or mixed-use which are serviced (as defined in the legislation),...
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Who must report? Mandatory gender pay gap reporting in Ireland is applicable to all companies with 50+ employees. What are the relevant dates? June – any date in June, a snapshot of your employees needs to be taken e.g. 28th June 2025. 6 months later* e.g. 28th...
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New guidance on determining the employment status of workers for tax purposes has been published. It follows a recent Supreme Court judgment relating to Domino’s Pizza (Karshan Limited). In that decision, it was determined that the individuals involved should be treated as employees and not...
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As part of Budget 2025, the Government has announced a new €4,000 Grant called Power Up, to assist businesses in hospitality, retail and beauty sectors. Register on mycoco.ie/powerup by Friday, 8 November 2024. Power Up Grant Local Authorities are now emailing businesses who may be eligible for the...
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Payroll Bulletin - October 2024 Changes to Payroll 2025 The following changes all need to be borne in mind when preparing payrolls in 2025: The minimum wage for employees will increase from 1st January 2025: I. Over 19’s: to €13.50 per hour II. Age 19: to €12.15 per...
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The following changes to PRSI rates come into effect from 1st October 2024. The Class A employee rate of 4% will increase by 0.1% to 4.1%. The Class A employer rates of 8.8% and 11.05% will increase by 0.1% to 8.9% and 11.15% respectively. The...
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Taxes Consolidation Act 1997 has introduced a new relief which is available to residential landlords. This relief allows landlords to take a deduction for expenses relating to the retrofitting of residential premises when calculating rental profits between 1st January 2023 and 31st December 2025. You...
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1 May 2024 (i.e., next Wednesday) is the deadline for two separate important matters: Revenue Debt Warehousing 1 May is the deadline for entering into “meaningful engagement” with Revenue as regards the warehousing of Revenue liabilities. Please refer to earlier circulars from PSC. Increased Cost of...
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Changes to Debt Warehousing Arrangements There have been significant changes made to the Revenue Debt Warehousing arrangements during February 2024. Firstly, the interest rate which will now apply during the so-called “Period 3” has been reduced to 0%. (A 3% rate was due to be applied). Secondly, Revenue...
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Employer Reporting of Benefits: Enhanced Reporting Requirements (ERR) Recent tax legislation has introduced a requirement for employers to notify Revenue of certain payments made to employees known as ‘reportable benefits’. The expected implementation date is 1 January 2024. Which Benefits are Required to Be Reported? Currently only the...
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