Revenue have recently issued updated guidance on debt warehousing as regards VAT and PAYE liabilities. You will recall that Revenue had previously issued guidance, allowing businesses to “warehouse” their VAT and PAYE liabilities at a 0% interest cost. Businesses could avail of this 0% interest cost...
Read More
The issue of paying mileage and subsistence payments to employees is one which arises very often. We thought it would be useful to summarise these matters and to provide a reference point to many of the question you/your employees may have. This is an area fraught...
Read More
The 9% reduced VAT rate for hospitality is to be extended until 1 September 2022. In addition, Fáilte Ireland will continue its support initiatives including through its Business Continuity Scheme or equivalent schemes. Arts: Government will consider a range of recommendations in relation to Arts and Culture,...
Read More
The PUP will be phased out as part of a €3.5 billion Covid-19 stimulus plan unveiled by the Government earlier this week. The PUP will be extended beyond 30 June for existing claimants “in recognition that opportunities to return to work will remain impacted, in some...
Read More
The EWSS will be extended beyond 30 June until 31 December 2021. Current payment rates will be maintained for Q3 (July, August, September 2021) at current turnover thresholds. To benefit more firms, the time period for assessment will be broadened from the current 6 month period...
Read More
There have been significant changes to the CRSS. These changes are: It has been extended to 31 December 2021. For businesses reopening on or after 2 June 2021, there is now a provision for a “triple restart week”. Triple Restart Week Example A Hotel reopens on 2 June...
Read More
The Economic Recovery Plan announced earlier this week sets out a new package of enterprise supports and extensions for the most impacted sectors, reaffirming the government’s commitment to taper supports off gradually. EWSS Extension of the Employment Wage Subsidy Scheme until 31 December 2021. See PSC...
Read More
Please see updated guidance notes below from Enterprise Ireland on eligibility for the Small Business Assistance Scheme for COVID (SBASC). Extension to the eligibility for SBASC to businesses in non-rateable premises with fixed costs and incurring a significant loss of turnover due to the COVID-19 restrictions The...
Read More
Revenue had previously confirmed that it was facilitating employers who wished to pay the 2020 income tax and USC liabilities of their employees arising from the TWSS. The previous deadline for such payments was 30 June 2021. Following representations, certain improvements have been agreed with Revenue. By...
Read More
Thankfully, many businesses will be reopening this week. Businesses already claiming the CRSS will need to determine whether they will still be “significantly restricted” from allowing the public to have access to the business premises. If they are still restricted in this way, they should...
Read More