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...
Social Media Influencers  – Revenue Reminder!

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...
Warehoused Debt Upcoming Deadline Reminder

Warehoused Debt Upcoming Deadline Reminder

The Revenue Commissioners has issued a warning to businesses with €1.8 billion in warehoused debt from the Covid-19 pandemic, advising them to engage ahead of the May deadline for payment. Businesses are encouraged to plan for repayment and, if necessary, establish a...