The Finance Act 2020, as passed by the Dáil in late December 2020, contains a late amendment to the turnover test for the Employment Wage Subsidy Scheme (EWSS). The Bill amends Covid legislation to provide that from 1 January 2021, an employer must demonstrate that their business...
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Revenue have issued a number of updates to their guidance notes on CRSS, with their most recent update being on 31 December 2020. The more important points are summarised below. 1. Time limit to claim A taxpayer has a time limit of 8 weeks only to claim...
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Some steps that will help you be prepared for BREXIT Importers Talk to your suppliers – are they BREXIT ready? Have they established a place in Ireland? Are they covering the transport and clearance documents for you? If so, they need an agent in Ireland ...
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Employers Paying Employees 2020 Tax Liability Revenue have issued a very useful concession, to cover situations where an employer wishes to pay the Income Tax/USC liabilities of their employees, which arise due to the TWSS. In summary, Revenue will accept a payment of the underlying tax...
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Time is running out for businesses to prepare for the eventuality of Brexit. Regardless of the outcome of the current trading negotiations, Brexit will impact in a major way on many business decisions. It is important to remember that, as matters currently stand: only Ireland ⇿...
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The New Rules From 1 January 2021, a new VAT regime will exist in Northern Ireland (NI) and this will affect how Irish businesses trade with NI and Great Britain (GB). This is regardless of whether the UK and EU reach agreement on a trade deal...
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VAT on importation will become payable on the value of goods being brought into the UK from EU Member States (and vice versa) by both business customers and consumers. The value for VAT purposes includes the cost of the goods, the related freight and insurance...
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Customs: Ten steps to get Brexit ready Next steps for your business Like any other tax return, businesses are responsible for correctly filling out Import and Export Declaration Forms, and paying the correct amount of Customs Duties. To ensure you’re prepared, we have outlined ten steps for...
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The New Rules From 1 January 2021, a different customs regime will exist in Northern Ireland (NI). The Protocol on Ireland/Northern Ireland to the Withdrawal Agreement is designed to maintain an all-island economy and avoid a hard border on the island of Ireland. Clarification will be...
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It is now possible to make a claim under the CRSS. Updated Revenue guidance notes are here These guidelines include a summary of businesses that will be regarded as subject to Covid restrictions, under each of the Roadmap Levels 1-5 (paragraphs 12.4 and 12.5) The guidelines also...
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