Non-resident landlords Changes from 1 July 2023 Finance Act 2022 introduced changes to the obligations of tenants and collection agents of non-resident landlords. These changes are pending the introduction of a new Non-resident Landlord Withholding tax platform (“NLWT”). This will be accessible through Revenue Online Service (ROS) and...
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A number of enhancements have been made to the Temporary Business Energy Support Scheme in recent weeks. The enhancements are as follows: the extension of the scheme to 31 May 2023 an increase in the monthly limit on payments for claim periods from 1 March 2023 onwards: the...
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The Government announced last week that a temporary measure of relief would be given to reduce the BIK cost of company cars and vans in 2023. This temporary relief is as follows: There is a temporary reduction of €10,000 in calculating original market value, for...
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As part of the Government’s “Cost of Living package” published on 21 February 2023, it has been announced that the 9% VAT rate will be extended until 31 August 2023. It was to have been increased back to 13.5% with effect from 1 March 2023. ...
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Significant changes will apply to the BIK rules for company cars and vans with effect from 1 January 2023. Company Cars Finance Act 2019 provided for significant changes to BIK on cars, with effect from 2023. From 2023, the BIK % will be based on CO2...
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This bulletin covers two topical issues, which arise following the publication of the Finance Bill 2022. Small Benefit Exemption The recent Finance Bill introduces some welcome improvements to the “small benefit exemption” that an employer can pay to its employees annually. The annual limit has been increased to...
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This new tax credit was introduced in the recent Finance Act 2022. It applies from 2022 and it is now possible to claim relief for 2022 by submitting your income tax return. The maximum value of the tax credit is €1,000 for a jointly assessed couple...
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If any type of share awards have been given by a company to employees in any year, it is now mandatory to report this to Revenue before 31 March in the following year. Therefore, if you have given any kind of share awards to employees...
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Guidelines on the Temporary Business Energy Support Scheme (TBESS) have been updated. Registrations under the scheme are now open. Following registration, businesses will be able to submit claims under the scheme from 5 December. The TBESS guidelines will be updated shortly to provide further guidance...
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The Payment of Wages (Amendment) (Tips and Gratuities) Act 2022 is due to come into effect on the 1st of December 2022. There will be 4-week period between now and the 1st December that will allow for employers to prepare for the required changes under...
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