PSC Accountants are recruiting a bookkeeper/administrator for a client based in Tralee. The position is part-time 2 days per week. The suitable candidate should be highly experienced in all aspects of Bookkeeping and Administration work, be flexible and possess high attention to detail. Duties will include but are...
Read More
Reduction in the rate of VAT from 23% to 21% with effect from 1st September 2020 to 28th February 2021 The July Stimulus package includes a provision for the reduction in the standard 23% rate of VAT. The new rate of 21% will apply from 1st...
Read MoreJuly 2020 Jobs Stimulus Plan The government, in response to COVID-19, recently announced the July Jobs Stimulus Plan which provides for several measures to boost the economy and get people back to work. This document contains a brief overview of the measures announced as we await further...
Read More
The Tax Appeals Commissioner has found in favour of Kerry Co-op in a test case involving Kerry Co-op and Revenue, as regards the valuation of patronage shares. The case follows the issue of tax demands by Revenue to 400 farmers in late 2016. These demands related...
Read More
Revenue have recently commenced a review on compliance with the TWSS and are contacting employers who have claimed TWSS payments. What this means for you? Revenue are asking for certain documentary evidence to establish that: The Scheme eligibility criteria is met. The correct amount of subsidy is...
Read More
New scheme to Warehouse VAT and PAYE (Employer) tax debts associated with the COVID-19 crisis There is a “warehousing” scheme in place for VAT and PAYE/PRSI/USC (“PREM”) liabilities. This means that, while taxpayers will still have to submit tax returns as normal, no actual payments need...
Read More
COVID-19 Restart Grant for Small Businesses Applications opened 22nd May 2020 The Government has announced the implementation of a new €250m Restart Grant, which will give direct grant aid to small businesses to help them with the costs associated with re-opening and re-employing workers following...
Read More
TWS - Tax Credits Background - The Temporary Wage Subsidy (TWS) Scheme can give rise to 2 separate tax liabilities for employees: As you know, the temporary wage subsidy (TWS) payment is not subject to payroll deductions; but is taxable by review directly on the...
Read More