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 2021

Capital Gains Tax Deadline – 15th December 2021

Have you sold or transferred an asset between 1st December – 30th November 2021? If Capital Gains Tax (CGT) is due on these, this must be paid by 15th December 2021   For disposals made in December, CGT is due by 31st January 2022. Some exemptions do apply, which...

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€500 Small Benefit Exemption

€500 Small Benefit Exemption

As with previous years, employers can issue one voucher/gift card to an employee up to the maximum value of €500. This is a tax-free payment subject to certain conditions. The small benefit exemption is allowable as a once off payment each year and this benefit cannot...

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Revenue and Cryptocurrency

Revenue and Cryptocurrency

Finance Minister Paschal Donohoe has stated this week, that Revenue are planning on pursuing Irish traders earning huge profits from cryptocurrencies, along with the Government in talking the anonymity around crypto investments. Speaking following a question about the...

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Local Property Tax to be revalued by 1st November

Local Property Tax to be revalued by 1st November

As we noted in previous blogs, don’t forget that if you are a homeowner, you need to register your property for Local Property Tax (LPT) and confirm it’s value by 1st November 2021. First time buyers and new homes bought since 2013, which were previously exempt are...

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Capital Gains Tax Deadline – 15th December

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...

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Employee Share Schemes

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...

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Local Property Tax new bands

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...

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Covid Restrictions Supports

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...

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Income Tax Deadline Extension

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...

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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.