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.

Interest Rate Reduced to 0% on Warehoused Tax Debt

Interest Rate Reduced to 0% on Warehoused Tax Debt

The Minister for Finance has announced a significant change to the Tax Debt Warehousing Scheme that could provide much-needed relief for small businesses across the country. The interest rate on warehoused tax debt has been reduced to 0%. Introduced in response to the...

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Rent Credit for Unregistered Tenancies

Rent Credit for Unregistered Tenancies

The new rent tax credit of €500 that was introduced in December 2022, could be left unclaimed by thousands of tenants unable to claim due to their landlords not being registered with the Residential Tenancies Board (RTB). The legislation states that the tenancy must...

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New Rent Tax Credit

New Rent Tax Credit

From 2022, Ireland will introduce a new rent tax credit, which will help to reduce the burden of rising rental costs for tenants. This credit will be available to both private and social tenants, and will be based on the rent paid over a 12-month period. The amount of...

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Temporary Business Energy Support Scheme (TBESS)

Temporary Business Energy Support Scheme (TBESS)

Revenue have now issued guidelines on businesses registering and applying for the Temporary Business Energy Support Scheme. Features of Scheme The scheme will cover costs of gas and electricity between the period 1 September 2022 to 28 February 2023. Businesses can...

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Capital Gains Tax Deadline – 15th December 2022

Capital Gains Tax Deadline – 15th December 2022

If you dispose or transfer taxable assets between 1st January 2022 and 30th November 2022, you will need to pay capital gains tax on any gains by 15th December 2022. Your 2022 Tax Return will be due to be filed by 31st Oct 2023 either through F11, F12 or CG1 depending...

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Debt Warehousing Further Extension

Debt Warehousing Further Extension

Revenue have announced on 17th October 2022, that they will extend the debt warehousing scheme further to 1st May 2024. Under the scheme, businesses entered into a phased payment agreement with Revenue to repay any outstanding debt due by the end of 2022. Due to the...

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Temporary Business Energy Support Scheme

Temporary Business Energy Support Scheme

The new Temporary Business Energy Support Scheme (TBESS) was announced this week in Budget 2023. So what is it? With the recent rising costs of energy bills, the aim of the scheme is to provide financial support to businesses and will be administered by the Revenue...

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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.