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.
e-Working and home workers Update
Revenue have issued updates to e-working and tax. As a majority of the country are now working from home, let’s recap on what this means for employees and employers? What is an e-worker? This is where an employee; Works from home full or part-time Works on the move,...
Week 1 basis for Temporary Wage Subsidy Scheme or Pandemic Unemployment Payment
Employees that have received payments under TWSS or Pandemic Unemployment Payment are to be moved to a Week 1 basis. The Week 1 basis is also known as ‘non-cumulative basis’ or month 1 for employees paid monthly. This basically means you pay tax each day you are paid,...
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 employee’s returning to work following a period of leave. Previously, where an employee was returning to work after...
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...
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...
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...
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...
Covid-19 Business Continuity Voucher
As of 8th April, the government made a number of business supports available, due to the economic impact of Covid-19. One of these supports is the Business Continuity Voucher. This is available for all business sectors that have up to 50 employees. Its purpose is to...
Covid-19 Trading Online Voucher
As of 8th April, the government made a number of business supports available, due to the economic impact of Covid-19. One of these supports is the Trading Online Voucher. Does my business qualify? This is available for all business sectors that have; up to 10...
Temporary VAT Rating for supplies of PPE
Revenue have confirmed that there will be a temporary zero VAT rating of supplies of personal protection equipment, ventilators and other medical products when supplied to the HSE, hospitals, nursing homes, etc for us in the treatment of Covid-19. This will be in...
Changes to Covid-19 Wage Subsidy Scheme
Revenue have now issued confirmation of key changes made to the Covid-19 Temporary Wage Subsidy Scheme as announced by Minister of Finance, Paschal Donohoe. Who does this apply to? This will apply to all those earning up to €500 per week / €31,000 approx. per year and...