As part of the Government’s “Cost of Living package” published on 21 February 2023, it has been announced that the 9% VAT rate will be extended until 31 August 2023. It was to have been increased back to 13.5% with effect from 1 March 2023. ...
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The Payment of Wages (Amendment) (Tips and Gratuities) Act 2022 is due to come into effect on the 1st of December 2022. There will be 4-week period between now and the 1st December that will allow for employers to prepare for the required changes under...
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The Finance Bill 2022 was published yesterday. It will now progress through the Oireachtas and will be subject to potential amendments throughout this process. It is anticipated that it will become law in late December 2022. The Finance Bill gives effect to many of the Budget...
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Travel & Subsistence rates revised from 1 September 2022, see link: https://www.revenue.ie/en/employing-people/employee-expenses/travel-and-subsistence/civil-service-rates.aspx This area is very topical area with Revenue, therefore if you have any questions or concerns, please let a member of the team know and they can assist you. Revenue Compliance Revenue have been very accommodating during...
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If any type of share awards have been given by a company to employees in any year, it is now mandatory to report this to Revenue before 31 March in the following year. Therefore, if you have given any kind of share awards to employees...
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The next valuation date for local property tax (LPT) is 1 November 2021. Taxpayers will be required to self-assess the value of their own property. Revenue will contact 1.4 million property owners on their LPT obligations in the coming weeks and has provided an interactive valuation...
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Important new VAT rules apply from 1st July 2021. These rules will impact on the following transactions: Intra-EU “B2C” supplies of services. Intra-EU Distance Sales of goods. Importation of goods from non-EU countries. If your business involves any of these transactions, you should read the following...
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The issue of paying mileage and subsistence payments to employees is one which arises very often. We thought it would be useful to summarise these matters and to provide a reference point to many of the question you/your employees may have. This is an area fraught...
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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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The Government are set to introduce a scheme to accelerate a claim for capital allowances on the purchase of certain farm safety equipment subject to an annual total equipment cost of €5 million (excluding VAT) per annum. The proposed scheme is subject to a Ministerial...
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