by ITAS Accounting | Mar 1, 2021 | General
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...
by ITAS Accounting | Jan 16, 2021 | General
In March 2020, Revenue introduced an amendment on BIK due to the Covid Pandemic, as many employees were not driving for business purposes. The new measure allowed employees with company cars to calculate their monthly BIK due based on the business kilometres driven in...
by ITAS Accounting | Dec 7, 2020 | General
Further to our blog on 05th December 2019, Revenue have confirmed they have deferred any amendments to flat rate expenses until 2022. This, they say, is due to the major changes to the labour market caused by the pandemic. As covered in our previous blog, 20th...
by ITAS Accounting | Nov 30, 2020 | General
The Minister for Finance, Paschal Donohoe, announced last week, an addition to the Covid Restrictions Support Scheme (CRSS). Businesses can now claim for an additional week’s payment to assist them in reopening after a period of 3 weeks or more of Covid restrictions....
by ITAS Accounting | Sep 21, 2020 | General
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...
by ITAS Accounting | Mar 11, 2020 | General
As reported in the Irish Times, 03.03.2020, the latest exchequer returns show the Government received income tax of €3.97 billion for the months of January & February, 3.3% lower than forecasted but up over 14% based on previous years. VAT income was up by 4%,...