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.

Revenue investigating Airbnb homeowners

Revenue investigating Airbnb homeowners

As reported in the Irish Times on Monday, 11th June 2018, Revenue are investigating the tax affairs of several homeowners who have let rooms through the Airbnb accommodation website. The notice issued states that it is investigating all taxes and duties, including...

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Inheritance paid on assets worth €1.4bn in 2017

Inheritance paid on assets worth €1.4bn in 2017

In Monday’s Irish Times (14th May 2018), it was reported that new figures show inheritances and gifts worth over €1.4bn were subject to inheritance tax last year. The Revenue Commissioners have released figures showing receipts for CAT (Capital Acquisition tax) rose...

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Revenue to re-vamp PAYE Tax System

Revenue to re-vamp PAYE Tax System

Revenue have outlined details of its modernisation of the Pay As You Earn (PAYE) tax system, according to their annual report, published last week. It details how this will bring ‘improved accuracy and transparency for Revenue, employers, and employees’. It also...

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Tax Relief on Union Subscriptions to be restored?

Tax Relief on Union Subscriptions to be restored?

According to RTE News (21st March 2018), trade unions are seeking for tax relief on union subscriptions to be re-introduced which were abolished in 2011, during the recession. The country’s largest public service union, Fórsa, argue that the current arrangements...

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Tax-Dodging Blackspots

Tax-Dodging Blackspots

According to an article in today’s Business Post (05th March 2018), tax-dodging ‘blackspots’ across the country have been revealed. Indicators show people living in north county Dublin where ‘seven times more likely to be brought to court for not paying their taxes...

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Pre-Letting Expenses

Pre-Letting Expenses

The Finance Act 2017 now provides for the deduction of pre-letting expenses against rental income where the property has been vacant for at least 12 months and which is then let as residential premises between 25th December 2017 and 31st December 2021. Conditions •...

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