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Childcare Services Relief

What is Childcare Services Relief?

The Childcare Services Relief provides an exemption from income tax to taxpayers who provide childminding services in their own home.

Covid-19 Temporary Measure Introduced

Due to Covid-19, this has now been temporary amended due to the stay at home measures. Childminding should now only take place in the child’s home and therefore an individual minding children in the children’s own home will still qualify for the Childcare Service Relief. The childcare must be provided in accordance with official guidance, specifically, childcare is allowed in the home of the child for the children of essential workers.  This temporary measure will be reviewed once further guidance is available from the HSE.

Nature of Services that qualify

To qualify for the relief, an individual provides any form of childminding services to children under 18 years of age, on a full or part time basis and are provided to 3 children or less.

Exemption Limit

Childminding activity must not exceed €15,000 within the tax year in order for the exemption to apply for Income Tax and USC. However, PRSI is chargeable on this income.

How do I claim?

Tax relief must be claimed through your tax return for the relevant tax year before the tax return deadline.

While you are here, Read more of our Covid-19 updates here

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CRO Update – Filing Date for Annual Returns

The Company Registration Office has confirmed a further extension to the filing of annual returns for all companies.

In March, it was announced all annual returns would be deemed to be filed on time if all elements of the annual return was filed by 30th June.

The Registrar of Companies as now extended this date to 31st October 2020. An extension for all entities that are required to file with the Registry of Friendly Societies has also been extended until 31st December 2020.

While you are here, Read more of our Covid-19 updates here

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Restart Grant for small businesses

The Government recently approved a new Restart Grant to financially support small businesses with costs of re-opening and re-employing employees due to Covid-19.

How do we qualify?

To avail of this grant, companies must;

  • Have 50 employees or less and a turnover of less that €5million
  • have had/will have at least a 25% reduction in turnover or closed due to Covid-19
  • intend on retaining employees through the Temporary Wage Subsidy Scheme and to re-employ staff on the Pandemic Unemployment Payment where applicable

How much is available?

The grants available are equivalent to the company’s rates bill for 2019, minimum payment of €2,000 up to a maximum of €10,000. A company must be included in the Local Authorities Commercial Rates Payment System. It can be used for replenishing stock, ongoing fixed costs and for measures to ensure employee and customer safety.

How do we apply?

Applications can be made online through your locally authority from 22nd May. In reference to the National Roadmap, processing of applications will be prioritised based on these phases.

While you are here, Read more of our Covid-19 updates here

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Local Property Tax new deferral date

Revenue had deferred payments of Local Property Tax paid by single direct debit to 21st May 2020, due to Covid-19.

This has now been further extended to 21st July 2020

If this applies to you, there is no need for you to do anything further as this will automatically be deferred to the new payment date.

While you are here, Read more of our Covid-19 updates here