Taxation of PUP

Taxation of the Pandemic Unemployment Payment (PUP)

Overview PUP is available to employees and the self-employed who have lost their job on or after 13th March 2020 due to the COVID-19 pandemic. The PUP is paid by the Department of Social Protection (DSP). Payments from the DSP are taxable sources of income unless they are specifically exempt from tax. PUP is a […]

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Cross border e-commerce

New VAT rules for cross-border e-commerce take effect 1 July 2021

The new rules introduce certain provisions for persons facilitating supplies of goods or services using an electronic interface such as a marketplace, platform, portal or similar means. Cross-border sales of goods and services New rules extend the scope of the Mini One Stop Shop to a One-Stop-Shop (OSS) scheme that covers all B2C services as […]

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UK Owned Irish Companies post BREXIT

We have seen an increase in UK companies looking to continue direst access to the EEA post Brexit.  Most commonly a new Irish company is incorporated.  Equally there are large numbers of UK companies who have long established subsidiaries in Ireland.  This can be an ideal solution to maintain operations and trade within the EU […]

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Covid Restrictions Support Scheme (CRSS) announced

The Covid Restrictions Support Scheme (CRSS) announced on Budget day provides targeted support to businesses that are forced to close temporarily or operate at a significantly reduced level because of COVID-19 public health restrictions that either prohibit, or significantly restrict, customers from accessing their business premises. Generally, this refers to COVID-19 restrictions at Level 3, […]

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Revenue guidelines on new Employment Wage Subsidy Scheme

The Revenue have now published detailed Guidelines on the operation of the Employment Wage Subsidy Scheme (EWSS), outlining the eligibility criteria and supporting proofs that employers need to satisfy in order to participate in the scheme. In a press release, the Collector-General, Joe Howley, provided key advice to employers on the actions some may need […]

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Full details of the Employment Wage Subsidy Scheme

The Employment Wage Subsidy Scheme (EWSS) will replace the Temporary Wage Subsidy Scheme (TWSS) from September 1st 2020. Revenue are currently working through the finer details of the scheme. Below is some information to help you understand the scheme and to help prepare for it should you choose to avail of it. The scheme provides […]

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The effect of the Employment Wage Subsidy Scheme on company directors

The recent extension of the TWSS in the form of the EWSS (Employment Wage Subsidy Scheme) from September 1, 2020 to March 2021 is to be welcomed.  The definition of “eligible employee” was expanded.  However, a closer look at the the legislation, Financial Provisions (Covid-19) (No. 2) Bill 2020 below, has serious implications for Company […]

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Rent-a-Room Relief

If you rent out a room (or rooms) in your home to private tenants, the rental income you earn will be exempt from income tax, provided this income does not exceed a certain limit in a tax year. This is called the rent-a-room relief. A self-contained unit, such as a basement flat or a converted […]

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Full details of the July stimulus package

The main features were announced last week and now more details of the July Stimulus Package and being released.  There are some very useful and valuable supports for businesses and we’ve set out below the main points and links to Government websites: Employment Wage Subsidy Scheme (EWSS) The following are the main points to note […]

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New “warehousing” of deferred tax debts and interest suspension arrangements

Revenue suspended debt collection and the charging of interest on late payment for the January/February and March/April VAT periods and February, March and April PAYE (Employer) liabilities. These arrangements are further extended to include May/June VAT and May and June PAYE (Employer) liabilities. For the purposes of clarity, PAYE (Employer) liabilities include income tax, universal […]

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