Tax Treatment of Employee Share Purchase Plan from 1st January 2024
From January 2024, the way in which Employee Share Purchase Plan’s (ESPP) are taxed has changed. Whether you’re an individual participating in an ESPP or a small business owner offering these plans, these changes affect you! What is an ESPP? An ESPP is a way for...
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...
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...
Social Media Influencers – Revenue Reminder!
A recent update from the Revenue Commissioners, confirmed they have sent 142 letters to social media influencers. This letter served as a gentle reminder to make sure income, gifts, freebies, and even virtual currency or token payments – are properly accounted...