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.

A Guide to the New Mortgage Interest Tax Credit

A Guide to the New Mortgage Interest Tax Credit

In Budget 2024, a temporary Mortgage Interest Tax Credit (MITC) was announced to be introduced for eligible homeowners. This credit, applicable for the 2023 tax year, aims to provide financial relief to certain taxpayers with mortgage balances between €80,000 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 – 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 €1,000 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 employee’s returning to work following a period of leave. Previously, where an employee was returning to work after...

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Childcare Services Relief

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...

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CRO Update – Filing Date for Annual Returns

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...

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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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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.