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.

Pre-Budget 2020

Pre-Budget 2020

Ever wondered what taxes are financing government coffers? Source: Irish Tax Institute Pre-Budget 2020 Briefing Papers 2019

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Surcharges on Late Returns for Directors

Surcharges on Late Returns for Directors

Revenue have recently updated their briefing on surcharges to apply to Directors returns. Company directors and their spouses/civil partners, if jointly assessed, are obliged to file a self-assessment return every year. If a company director fails to file their annual...

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Are you claiming the correct tax credits?

Are you claiming the correct tax credits?

As reported in the Independent and various media outlets, over €4bn has been refunded by Revenue to taxpayers since 2010. Tax Relief due on medical expenses, nursing home fees, etc have been claimed but this figure also includes overpayment of Income Tax. In our...

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Are you claiming exemption from property tax?

Are you claiming exemption from property tax?

An exemption from paying Local Property Tax was introduced to all homeowners that purchased a property in 2013. This exemption is due to end this year and therefore homeowners that purchased their home in 2013 will be liable for property tax for the 1st time in 2020....

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Tax Audit Crackdown on Airbnb hosts

Tax Audit Crackdown on Airbnb hosts

As we mentioned in our blog last year, The Revenue Commissioners are continuing to analyse the tax compliance of Airbnb hosts and short-term lets. Revenue have confirmed they are closely examining short-term lettings such as Airbnb and is a focus of their compliance...

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Inheritance Tax at record high

Inheritance Tax at record high

As reported in the Irish Times today, inheritance tax collected by the Exchequer in 2018 has reached a record high of €466.3 million, up by 10% on the previous year. This sharp increase is due to increased growth in property prices and the unchanged tax free...

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Why you should file your Tax Return early

Why you should file your Tax Return early

The 31st October Income Tax Return deadline….. is just that…. a deadline and not a target! Your tax return can be filed at any time between 01st January – 31st October. Here are 5 reasons why you should file your Tax Return early this year 1. Plan Ahead If you file...

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More Homes to be liable for Local Property Tax

More Homes to be liable for Local Property Tax

Further from our previous blog on the deferral of amendments to Local Property Tax (LPT) until 2021, Mr Paschal Donohoe is reported to have confirmed that there will be an expansion of properties subject to LPT over time, that won’t result in higher bills for those...

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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.