€500 Small Benefit Exemption

€500 Small Benefit Exemption

As with previous years, employers can issue one voucher/gift card to an employee up to the maximum value of €500. This is a tax-free payment subject to certain conditions. The small benefit exemption is allowable as a once off payment each year and this benefit cannot...
Local Property Tax new bands

Local Property Tax new bands

The Local Property Tax valuation date was previously deferred from 1st November 2020 to 1st November 2021. The Government have now confirmed the new agreed tax bands for Local Property Tax (LPT) in advance of the new legislation being implemented and for Revenue to...
Income Tax Deadline Extension

Income Tax Deadline Extension

Revenue have issued confirmation that the Pay and File Deadline for 2020 Income Tax Returns will be extended to Wednesday 17th November 2021. This extended deadline is only available to taxpayers that; Pay and File their Income Tax Return for 2020 through ROS Pay...
Temporary Wage Subsidy Scheme (TWSS)

Temporary Wage Subsidy Scheme (TWSS)

TWSS was in effect from 26th March to 31st August 2020 to provide much needed support to over 66,500 employers in maintaining over 664,000 employee’s during the pandemic. Revenue has now provided TWSS reconciliation information to most employers who participated in...
VAT Rate reverts to 23%

VAT Rate reverts to 23%

From today, 01st March, the vat rate will revert back to 23%. Due to the pandemic, the VAT rate was reduced to 21% for 6 months. Unfortunately, the Government have confirmed this will not be extended and from 01st March, businesses need to now apply the 23% rate to...