Revenue confirmed that a credit for tax deducted from the emoluments of a proprietary director (or connected persons of the director) will not be available, where the company has warehoused its PAYE tax debt. Revenue will not consider tax to be paid for the purposes...
Tax and Duty Manuals Part 47-06-01 (Return Filing Dates - Forms 11 and CT1), Part 47-06-04 (Late Submission of Corporation Tax Returns - Restrictions of Claims to Relief) and Part 47-06-08 (Surcharge for Late Submission of Income Tax, Corporation Tax and Capital Gains Tax returns)...
This week Revenue will write to taxpayers availing of the tax debt warehousing scheme. The letters cover taxpayers whose tax returns are up to date, taxpayers with outstanding tax returns and taxpayers with outstanding tax returns who are also claiming the Employment Wage Subsidy Scheme...
The scheme is now open for applications for businesses ineligible for CRSS and other sector specific grants. Applications should be made to the Local Authority. Closing date for receipt of applications is 21 April 2021. To qualify for the scheme, enterprises must have: 250 employees or less; ...
Almost one year after the introduction of the Temporary Wage Subsidy Scheme (TWSS), Revenue is now ready to commence the final part of the TWSS reconciliation process. Most employers and their tax agents are now able to view a TWSS reconciliation summary which will show...
The first phase of the Fáilte Ireland Business Continuity Scheme is now open for applications from businesses within the below categories who meet the eligibility criteria: Outdoor activity providers Tourism golf courses Hop-on Hop-off bus tours Cruise hire companies Boat tours operators Visitor attractions not...
Revenue has warned of a text scam in which personal information from taxpayers in connection with a tax refund or seeking credit/debit card details is being requested in messages purporting to come from Revenue. Revenue never sends emails or text messages seeking for personal information...
The long- standing arrangement in place to collect tax, if due, on a range of taxable Department of Social Protection (DSP) payments (i.e. by reduction of a person’s tax credits and rate band) applies equally to the taxation of the COVID-19 Pandemic Unemployment Payment (COVID-PUP)...
The Minister for Finance, Pascal Donohoe TD, indicated that the temporary reduction in the standard rate of VAT, which is due to expire on 28 February, is unlikely to be extended. He also noted the impact of public health restrictions on the Stay and Spend...
On Tuesday 9th February, the Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D., announced measures worth €160 million to help businesses during the pandemic. This included a new €60 million COVID-19 Business Aid Scheme (CBAS) which is being developed to provide grants...