9% Reduced VAT rate set to be extended

9% Reduced VAT rate set to be extended

In 2020, the hospitality sector received a welcome boost with a reduced VAT rate of 9% to assist due to significant losses incurred during the pandemic. The 9% rate applies to supplies of goods and services in the tourism and hospitality sector and also includes...
Setting up a Company in Ireland

Setting up a Company in Ireland

In this scenario, we look at a company looking to set up in Ireland from abroad. A company may look to set up in Ireland to access the EU market and to avail of our 12.5% corporation rate, but what do they need to consider before doing so? Filings The company needs to...
Covid Restrictions Supports

Covid Restrictions Supports

As Covid restrictions are eased and the country begins to re-open, there are a number of changes to financial supports available to businesses and amendments to certain deadlines. The Government announced a new Economic Recovery Plan, to ensure rapid economic...
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...