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...
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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...
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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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