Latest news
KERRY Co-op shareholders will not be liable for taxes on patronage shares issued to milk suppliers following a landmark ruling last week
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...
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Temporary Wage Subsidy Scheme (TWSS): Employer Compliance Check
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...
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New scheme to Warehouse VAT and PAYE (Employer) tax debts associated with the COVID-19 crisis
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...
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Restart Grant for Small Businesses
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...
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