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.

Budget 2021

Budget 2021

Yesterday, the Government announced details of Budget 2021, the largest in the history of the State. So first, letโ€™s look at what comes into effect todayโ€ฆ Carbon Tax This has been increased from today by โ‚ฌ7.50 per tonne of CO2 emitted. This will apply to petrol and...

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Income Tax Deadline Extension

Income Tax Deadline Extension

Revenue have issued confirmation that the Pay and File Deadline for 2019 Income Tax Returns will be extended to Thursday 10th December 2020. In order to qualify for this new extension, taxpayers much pay and file through ROS. If not, or only 1 of these actions are...

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Stay and Spend Tax Credit

Stay and Spend Tax Credit

As announced in the July Stimulus Package, a new income tax credit has been introduced for 2020/2021. The new Stay and Spend credit will be available to taxpayers who incur qualifying expenses from 01st October 2020 โ€“ 30th April 2021. Qualifying Expenditure Qualifying...

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Tax Refunds for Self-Employed & Companies

Tax Refunds for Self-Employed & Companies

In the July Stimulus Plan, the Government announced a range of tax, loan and expenditure measures. For those self-employed For self-employed individuals, who were profitable in 2019 but due to Covid-19 are now operating at a loss in 2020 will provide a new once-off...

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New Enterprise Support Grant

New Enterprise Support Grant

The Department of Employment Affairs and Social Protection has announced a new Enterprise Support Grant will be made available to all self-employed who ceased the Pandemic Unemployment Payment after 25th June 2020. A grant of up to โ‚ฌ1,000 will be available to help...

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Update to Temporary Wage Subsidy Scheme

Update to Temporary Wage Subsidy Scheme

Following the announcement by the Minister for Finance, Revenue have now put in place a change to the Temporary Wage Subsidy Scheme to include employeeโ€™s returning to work following a period of leave. Previously, where an employee was returning to work after...

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