The Government have now published the Finance (Covid-19 and Miscellaneous Provisions) Bill 2021. The Bill includes amendments to existing supports which were announced in the Economic Recovery Plan 2021. We have outlined a short summary of the measures contained in the Bill below. More detailed information...
The Tax and Duty Manual Part 13-02-06 - Surcharge on undistributed income of service companies - has been updated in respect of Revenue's view of the activity carried on by a "Management Consultant" in the context of Section 441 TCA 1997. The manual provides that the...
As communicated by Revenue earlier this year, the corporation tax surcharge suspension introduced in response to COVID-19 will end on 30 June. Forms CT1 filed after this date will be surcharged as normal by reference to their original filing due date as per Section 1084...
The Registrar of Companies has decided to further extend the filing deadline for companies with an Annual Return Date falling on 30 September 2020 or later by an additional two weeks until Friday, 11 June 2021. The extension of the deadline from 28 May was...
In a press release on 26th May, Revenue reminded businesses who have resumed, or will shortly resume trading that the Debt Warehousing Scheme is still in operation and there is no immediate requirement to pay the tax debts that have been ‘parked’ under the scheme....
A new Tax and Duty manual - Part 18-01-05a - provides guidance on the implementation of ePSWT, which will happen from 1 July 2021. The guidance addresses queries arising from accountable and specified persons, and their representatives, about the planned changes. Revenue wrote to accountable persons...
Revenue has previously confirmed that it is facilitating employers who wish to pay the 2020 income tax and Universal Social Charge (USC) liabilities of their employees arising from the Temporary Wages Subsidy Scheme (TWSS). Should an employer wish to pay these liabilities on behalf of their...
Tax and Duty Manual Part 05-02-17 has been updated at paragraph 4 to clarify: the three professions where the CORU annual registration fee is not incorporated into a flat rate expense deduction that for these three professions only, a claim under section 114 of the...
ROS - Extension of Pay & File Deadline for ROS Customers for 2021 On 28 April 2021, Revenue announced an extension to the ROS return filing and payment date for certain self-assessment Income Tax customers and for customers liable to Capital Acquisitions Tax (CAT). For customers who...
Section 137 of the Companies Act 2014 requires an Irish-registered company to have at least one EEA-resident director, which until the 31 December 2020 could include a UK (including NI) resident director. Following correspondence with the CRO, the Institute of Chartered Accountants in Ireland wrote...