Tax

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 […]

What is 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. A self-contained unit, such as a basement flat or a converted garage attached […]

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 […]

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 […]