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 payments increases to take effect in January

Budget 2021 payments increases to take effect in January

As introduced in Budget 2021 the following payment increases are to take effect from January 2021; Child Benefit This will increase by €5 per month for children aged 12 and over & by €2 per month for children under 12. Fuel Allowance This will increase by €3.50 to...

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Restart Grant for small businesses

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...

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Local Property Tax new deferral date

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...

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Covid-19 Business Continuity Voucher

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...

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Covid-19 Trading Online Voucher

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...

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Temporary VAT Rating for supplies of PPE

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...

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Changes to Covid-19 Wage Subsidy Scheme

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...

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Local Property Tax deferred Covid-19

Local Property Tax deferred Covid-19

Revenue have confirmed that payments of Local Property Tax paid by single direct debit have been deferred due to Covid-19. This will now be due for collection on 21st May 2020 If this applies to you, there is no need for you to do anything further as this will...

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Covid-19 Wage Subsidy Scheme

Covid-19 Wage Subsidy Scheme

What is it? It will be operated by employers through their payroll system, therefore ensuring employees will be in receipt of the subsidy payment along with their weekly employer contribution of wages, with effect from 26th March 2020. What are the key elements? Where...

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e-Working and home workers

e-Working and home workers

In this extraordinary time, employees are now unexpectedly working remotely from home. So, what does this mean for employees and employers? What is an e-worker? This is where an employee; Works from home full or part timeWorks on the move, with visits to normal place...

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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.