Before the Budget day announcement, only certain VAT and PAYE liabilities could be warehoused. Finance Bill 2020 now provides for certain qualifying income tax and preliminary tax liabilities to be warehoused (together with repayments of TWSS subsidies). The following tax liabilities can now potentially be warehoused: ...
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What is the Covid Restrictions Support Scheme (CRSS) The Covid Restrictions Support Scheme (CRSS) announced on Budget day provides targeted support to businesses that are forced to close temporarily or operate at a significantly reduced level because of COVID-19 restrictions that either prohibit, or significantly restrict,...
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The following changes will operate in respect of payroll submissions with pay dates on or after 20 October 2020. EWSS Revised Rate The revised EWSS subsidy rates effective from 20 October 2020 to 31 January 2021, are as follows: The revised subsidy rates bring the EWSS into line with...
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Budget 2021 15 October 2020 - 9.30 am PSC Taxation Services are hosting a webinar, to provide a detailed analysis of Budget 2021, and how this budget will affect both you and your business. We invite you to join us from 9.30 am on the 15th of October...
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PSC Accountants are recruiting a bookkeeper/administrator for a client based in Tralee. The position is part-time 2 days per week. The suitable candidate should be highly experienced in all aspects of Bookkeeping and Administration work, be flexible and possess high attention to detail. Duties will include but are...
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Reduction in the rate of VAT from 23% to 21% with effect from 1st September 2020 to 28th February 2021 The July Stimulus package includes a provision for the reduction in the standard 23% rate of VAT. The new rate of 21% will apply from 1st...
Read MoreJuly 2020 Jobs Stimulus Plan The government, in response to COVID-19, recently announced the July Jobs Stimulus Plan which provides for several measures to boost the economy and get people back to work. This document contains a brief overview of the measures announced as we await further...
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The Tax Appeals Commissioner has found in favour of Kerry Co-op in a test case involving Kerry Co-op and Revenue, as regards the valuation of patronage shares. The case follows the issue of tax demands by Revenue to 400 farmers in late 2016. These demands related...
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Revenue have recently commenced a review on compliance with the TWSS and are contacting employers who have claimed TWSS payments. What this means for you? Revenue are asking for certain documentary evidence to establish that: The Scheme eligibility criteria is met. The correct amount of subsidy is...
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