New VAT rules come into place from 1 July 2021, where a business either: sells Goods online (ie, distance sales) to customers in other EU Member States (MS) who are not VAT registered in that MS, or sells Services to customers in other EU Member...
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Please review the below list for available supports to see if you can avail of any. Please note some funding has expiration dates. Income Supports Employment Wage Subsidy Scheme - The Employment Wage Subsidy Scheme (EWSS), provides a flat-rate subsidy to qualifying employers based on the...
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Sales to UK B2B B2C Goods (Note 1) Export No Irish VAT Proof of export needed No UK VAT reg Export No Irish VAT Proof of export UK VAT reg may be necessary (Note 3) VAT 3 No T1 (0%) entry No PA1 entry No T1 (0%) entry No PA1entry RTD As normal (Note 4) As normal (Note 4) Intrastat & VIES N/A N/A Sales to UK B2B B2C Services (Note...
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Summary The Department of Enterprise Trade & Employment (DETE) has recently launched the Small Business Assistance Scheme for COVID (SBASC) which is intended to target those businesses with operating costs that do not qualify for the COVID Restrictions Support Scheme (CRSS) operated by the Revenue Commissioners. The eligibility criteria for...
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The Government has announced the extension of the following Covid support schemes until 30th June 2021: • Pandemic Unemployment Payment (PUP) • Employment Wage Subsidy Scheme (EWSS) • COVID-19 Enhanced Illness Benefit • Covid Restrictions Support Scheme (CRSS) • Suspension of redundancy provisions • Commercial rates waiver Many of these schemes were...
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We previously informed you of the availability to warehouse your tax debts associated with COVID-19. We outlined the following: The eligibility to warehouse COVID debts, The taxes which could be warehoused, How long the tax debts could be warehoused, and The interest rates that would...
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Announcements have recently been made for new Covid initiatives, which are designed to support businesses in varying sectors, and which are outlined below. Further announcements are pending with a number of sectors being examined at present. In addition, some broader supports for towns/regions and business...
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On Monday, Fáilte Ireland announced details of a new €55 million Tourism Business Continuity Scheme, which is intended to support those tourism businesses that were not eligible for Covid Restrictions Support Scheme (CRSS) payments or previous Fáilte Ireland continuity grant schemes. Phase 1 of the scheme...
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As previously advised, Revenue have begun issuing preliminary end of year statements (PEOYS) for employees in receipt of TWSS. We have noticed that some employees are not yet able to access their PEOYS. In this regard, Revenue have commented recently that: “As regards proprietary directors, Revenue has...
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Finance Act 2020 sets into law many of the tax provisions announced on Budget Day, 13 October 2020. The measures it contains include provisions to provide support to businesses as they face unprecedented challenges including COVID-19. This document is aimed to provide you with an updated...
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