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.

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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Brexit –UK Resident Directors of Irish Companies

Brexit –UK Resident Directors of Irish Companies

Under the Companies Act 2014, all Irish Companies directors must be resident in the European Economic Area (EEA). As the UK left the EU on January 31st with certain provisions until 31st December 2020, the UK’s trading relationship with the EU remains the same and the...

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Research & Development (R&D) Relief for employees

Research & Development (R&D) Relief for employees

Background Companies can claim a tax credit from Revenue if undertaking R&D activities. A company has the decision to surrender all or part of this tax credit and therefore an employee of the company may be entitled to claim this credit if working in R&D...

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Minimum Wage Increase 2020

Minimum Wage Increase 2020

As of 1st February, as set out in the National Minimum Wage Order 2020, Ireland’s minimum wage has increased to €10.10 per hour or part thereof, based on age of employee. Source citizensinformation.ie Calculating hourly rate As stated in the National Minimum Wage...

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Short Term Rental & Airbnb Review

Short Term Rental & Airbnb Review

Revenue have issued a review in regard to short term leasing from January 2020. Revenue have now defined that; Income for providing short term accommodation for occasional visitors such as through an online accommodation booking system is not considered rental income...

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Home Renovation Incentive

Home Renovation Incentive

The Home Renovation Incentive Scheme (HRI) was implemented in October 2013 and was originally available for homeowners to apply until 31st December 2015. Subsequently, the scheme was extended in December 2014 to include all homeowners, including landlords and finished...

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Pay & File Deadline Extension for Self-Assessed

Pay & File Deadline Extension for Self-Assessed

The deadline for all self-assessed individuals to file their Form 11 tax return & submit payment has been extended, Revenue have announced. Clients that file their 2019 Form 11 return and pay the following; Preliminary Tax due for 2020Income Tax Balance for 2019...

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Flat Rate Expenses

Flat Rate Expenses

Do you qualify for Flat Rate Expenses in relation to your profession? Flat Rate Expenses are employment expenses claimable depending on the profession you are in. To ensure you claim this entitlement if available to you,  check out Revenue’s list of qualifying...

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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.