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....
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...
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...