Latest Irish Tax News

The ITAS Accounting blog brings you the latest Irish tax news and finance news, including the latest Revenue updates, amendments to legislation, tax deadline reminders, tax tips, business tips and more.

Tips for Efficient Record-Keeping in your Business

Tips for Efficient Record-Keeping in your Business

Running a successful business in Ireland requires juggling many things, and keeping on top of your finances is crucial. One key aspect of financial health is maintaining accurate and organised records. Don't worry, this doesn't have to be a daunting task! Let's...

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Get Organised for the October Tax Deadline

Get Organised for the October Tax Deadline

As the October 31st income tax deadline approaches, now is the perfect time to get ahead with your tax return. Remember, we can prepare now but it does not have to be filed until 31st October Here are some compelling reasons to file early and how it can benefit you:...

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Understanding Recent Changes to the Irish State Pension

Understanding Recent Changes to the Irish State Pension

As an accountant, it's crucial to stay updated on changes that affect our clients' financial futures. One such change impacting retirement planning in Ireland is the revision to State Pension regulations, with significant adjustments starting from January 2024. The...

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Interest Rate Reduced to 0% on Warehoused Tax Debt

Interest Rate Reduced to 0% on Warehoused Tax Debt

The Minister for Finance has announced a significant change to the Tax Debt Warehousing Scheme that could provide much-needed relief for small businesses across the country. The interest rate on warehoused tax debt has been reduced to 0%. Introduced in response to the...

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Stay ahead with our guide to the 2024 payroll changes

Stay ahead with our guide to the 2024 payroll changes

As we step into 2024, Irish employers are facing significant payroll changes. From increases in minimum wage to income tax changes, and the implementation of Enhanced Reporting Requirements, it’s crucial for businesses to stay informed and prepared. Increase in...

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A Guide to the New Mortgage Interest Tax Credit

A Guide to the New Mortgage Interest Tax Credit

In Budget 2024, a temporary Mortgage Interest Tax Credit (MITC) was announced to be introduced for eligible homeowners. This credit, applicable for the 2023 tax year, aims to provide financial relief to certain taxpayers with mortgage balances between €80,000 and...

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Social Media Influencers  – Revenue Reminder!

Social Media Influencers – Revenue Reminder!

A recent update from the Revenue Commissioners, confirmed they have sent 142 letters to social media influencers. This letter served as a gentle reminder to make sure income, gifts, freebies, and even virtual currency or token payments - are properly accounted for....

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Warehoused Debt Upcoming Deadline Reminder

Warehoused Debt Upcoming Deadline Reminder

The Revenue Commissioners has issued a warning to businesses with €1.8 billion in warehoused debt from the Covid-19 pandemic, advising them to engage ahead of the May deadline for payment. Businesses are encouraged to plan for repayment and, if necessary, establish a...

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Disclaimer

The material contained on this website is for general information purposes only and does not constitute legal or other professional advice, it is deemed correct at the time of publishing, and may be from third party sources.