Economic Recovery Plan key points

The Government has launched it’s plan to support the economy as the country reopens. Following are the key changes to supports available for businesses under the plan: The Covid-19 Restrictions Support Scheme (CRSS) will remain in place for businesses that have to...

Revenue extends facility for employers to pay employee’s TWSS tax

The June deadline for employers wishing to pay their employee’s Temporary Wage Subsidy Scheme (TWSS) tax liability, without the imposition of a BIK charge, has been extended to the end of September 2021. Revenue issued an eBrief confirming the concessional BIK...

CRSS – double restart week payments available

Revenue have updated the Covid Restrictions Support Scheme (CRSS) Guidelines to reflect the Government’s announcement that qualifying businesses recommencing from 29 April 2021 can claim double restart week payments for a period of two weeks, subject to a maximum of...

2021 extended pay and file deadline for ROS customers

The 2021 extended ROS return filing and payment date for self-assessment income tax and capital acquisitions tax is Wednesday, 17 November 2021. Revenue confirmed that the due date of 31 October 2021 is extended to Wednesday, 17 November 2021 for taxpayers who file...

Payroll information for workers coming off the PUP

Due to the easing of Covid restrictions on businesses many employees are now returning to work. The Pandemic Unemployment Payment (PUP) is taxable in real-time in 2021. This means that there are tax implications for workers returning to work after being on the PUP for...

Claiming Remote / E-working expenses

Remote working is defined as where you are required to work: at home on a full-time or part-time basis orpart of the time at home and the remainder in your normal place of work. Remote working involves: working for substantial periods outside your normal place of...

Postponed Accounting for VAT

From 11pm on 31st December 2020 Postponed Accounting arrangements may be applied to all imports from all third countries including Great Britain (UK not including NI). Northern Ireland (NI) remains within the EU VAT regime in respect of goods, but not services,...

Charity SORP

Charity SORP, while not yet mandatory in Ireland is considered by the Regulator in Ireland to be best practice. The Irish Accounting and Reporting Regulations have been drafted by the Charities Regulatory Authority, but it may still take some time before they are...

Tax treatment of Covid supports

Revenue have recently issued the following guidelines on the tax treatment of the various Government supports available to businesses during the pandemic. Temporary Wage Subsidy Scheme (TWSS) TWSS guidance states: In computing the employer’s liability to income tax or...
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