Tax News
Action Plan – Revenue Settlement Opportunity
Date: 10 October 2025 Opportunity to regularise tax treatment of certain contractor arrangements for 2024 and 2025 Revenue has published guidance following the Karshan (Domino’s Pizza) Supreme Court decision on the employment status of certain workers. A time-limited settlement opportunity until 30 January 2026 is available for...
Read More
Residential Zoned Land Tax (RZLT)
RZLT was first introduced in 2022, however 2025 is the first year that a liability is actually payable. For 2025 the due date is 23 May 2025. This tax applies to: sites which are zoned residential or mixed-use which are serviced (as defined in the legislation),...
Read More
Determining the Employment Status of Workers for Tax Purposes – January 2025
New guidance on determining the employment status of workers for tax purposes has been published. It follows a recent Supreme Court judgment relating to Domino’s Pizza (Karshan Limited). In that decision, it was determined that the individuals involved should be treated as employees and not...
Read More
Power Up Grant Available to Hospitality, Retail & Beauty Sectors
As part of Budget 2025, the Government has announced a new €4,000 Grant called Power Up, to assist businesses in hospitality, retail and beauty sectors. Register on mycoco.ie/powerup by Friday, 8 November 2024. Power Up Grant Local Authorities are now emailing businesses who may be eligible for the...
Read More
Changes to Payroll 2025
Payroll Bulletin - October 2024 Changes to Payroll 2025 The following changes all need to be borne in mind when preparing payrolls in 2025: The minimum wage for employees will increase from 1st January 2025: I. Over 19’s: to €13.50 per hour II. Age 19: to €12.15 per...
Read More
Upcoming changes to the PRSI rate
The following changes to PRSI rates come into effect from 1st October 2024. The Class A employee rate of 4% will increase by 0.1% to 4.1%. The Class A employer rates of 8.8% and 11.05% will increase by 0.1% to 8.9% and 11.15% respectively. The...
Read More
Deduction for Retrofitting
Taxes Consolidation Act 1997 has introduced a new relief which is available to residential landlords. This relief allows landlords to take a deduction for expenses relating to the retrofitting of residential premises when calculating rental profits between 1st January 2023 and 31st December 2025. You...
Read More
Reminder of Important Upcoming Deadlines for PSC Clients
1 May 2024 (i.e., next Wednesday) is the deadline for two separate important matters: Revenue Debt Warehousing 1 May is the deadline for entering into “meaningful engagement” with Revenue as regards the warehousing of Revenue liabilities. Please refer to earlier circulars from PSC. Increased Cost of...
Read More
Debt Warehousing Scheme – February 2024
Changes to Debt Warehousing Arrangements There have been significant changes made to the Revenue Debt Warehousing arrangements during February 2024. Firstly, the interest rate which will now apply during the so-called “Period 3” has been reduced to 0%. (A 3% rate was due to be applied). Secondly, Revenue...
Read More