tax

The Form P11D is a form that Revenue may issue to an employer requiring them to provide particulars of benefits received by all employees in receipt of emoluments (inclusive of benefits) of €1,905 or greater in a year of assessment. Where a Form P11D is issued by Revenue to an employer, the employer has until […]

What is the Research and Development (R&D) tax credit? Ireland’s Research and Development tax credit system is a major benefit to both multinational companies and SMEs operating in Ireland.  The R&D tax credit was first introduced in the Finance Act 2004 and offers a company undertaking R&D in Ireland a significant tax break, representing a […]

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 […]

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 […]

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 […]

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 […]

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 […]