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.
Capital Gains Tax Deadline – 15th December
Have you sold, gifted or transferred any assets between 1st January – 30th November 2021? If Capital Gains Tax (CGT) is due on these, this must be paid by 15th December 2021. Payment deadlines for CGT are as follows: Disposals between 1st January & 30th November...
Employee Share Schemes
Some employers offer a share-based payment to their employees or options to buy shares within the company through an employee share scheme. But are you aware of your tax implications if you are in receipt of these shares? Do you know if your shares are subject to...
Local Property Tax new bands
The Local Property Tax valuation date was previously deferred from 1st November 2020 to 1st November 2021. The Government have now confirmed the new agreed tax bands for Local Property Tax (LPT) in advance of the new legislation being implemented and for Revenue to...
Covid Restrictions Supports
As Covid restrictions are eased and the country begins to re-open, there are a number of changes to financial supports available to businesses and amendments to certain deadlines. The Government announced a new Economic Recovery Plan, to ensure rapid economic...
Extension to Employers paying Employee’ 2020 Tax Liabilities
From January 2021, Revenue issued preliminary End of Year statements for all employees for the year 2020. This allowed for employees to review their income tax & USC liabilities (if any) due to receiving the TWSS (Temporary Wage Subsidy). Employers can pay some or...
Income Tax Deadline Extension
Revenue have issued confirmation that the Pay and File Deadline for 2020 Income Tax Returns will be extended to Wednesday 17th November 2021. This extended deadline is only available to taxpayers that; Pay and File their Income Tax Return for 2020 through ROS Pay...
Tax Relief on Statutory Registration Fees for Health & Social Care Professionals Council (CORU)
Flat Rate Expenses are employment expenses claimable depending on the profession you are in. As we have noted previously, the following professions have recently been added to enable them to qualify for flat rate expenses; Dieticians/Dietitians Dispensing Opticians...
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