Personal Public Service (PPS) Numbers mandatory from 23/4/2023 when filing the following forms: A1 Company incorporation B1 Annual Return B10 Change of director and/or secretary, or in their particulars B69 Notification by individual that he/she has ceased to be a director or secretary. Link to source: https://www.cro.ie/en-ie/About-CRO/Whats-New/PPSN-FAQ
Awards to an employee by their employer is chargeable to PAYE, PRSI and USC. In some circumstances and awarded may be given without a tax charge. Details published by Revenue and available at the following location: Link to source: Part 05-01-01j – Taxation of Staff Awards (revenue.ie)
The Revenue Commissioners have issued an update to the Tax and Duty Manual in relation to reportable benefits. The reportable benefits are the remote working daily allowance of €3.20, the payment of travel and subsistence expenses, and the small benefit exemption. It is however anticipated that reporting will commence from the start of 2024. …
Returns by Employers in Relation to Reportable Benefits – Anticipated Commencement 2024 Read More »
The Revenue Commissioners have recently published updates to nine chapters in their Pensions Manual. The updates reflect Finance Act 2022 amendments. The link to the Brief can be viewed here: https://revenue.ie/en/tax-professionals/ebrief/2023/no-0632023.aspx?_cldee=wDShx-w2B6yEsEJfwLyGJBRUIdtBgn8UoFP96PJcqUgeG0IZVAOsEux5lmeQLu4Jsq5NDVRFCGolbjDcePHqCg&recipientid=contact-91482b1bfbf9e71180fb3863bb358f88-f351866e76d54b3085fe09b2de7961a1&esid=96bb9b3d-1ec4-ed11-83ff-6045bd905fa8
Revenue eBrief No. 048/23 has been issued by the Revenue Commissioners in relation to the payment of preliminary corporation tax. Revenue eBrief No. 048/23
Finance Bill 2023 has been published and includes the cost of living measures and extension to agri tax reliefs announced by Government. Here is a link to the full document: b1923d.pdf (oireachtas.ie)
Businesses with warehoused debt must either clear that debt or enter into a phased payment arrangement by 1 May 2024. Businesses will be able to avail of the reduced 3 percent interest rate from 1 January 2023, as opposed to the general interest rate of 10 percent. Revenue has published an update – Link: https://www.revenue.ie/en/starting-a-business/paying-your-tax/debt-warehousing/index.aspx
The main tax reliefs to be considered when business owners are planning for retirement or succession include the following: Capital Gains Tax Retirement Relief – there are several conditions to consider. The main conditions to consider for example include age (claimant must be 55 years old or older); must own assets for 10 years prior …
Revenue has updated the Tax and Duty Manual for qualifying health expenses relating to certain illnesses. The updated manual includes the flat rate expense amount allowable regarding certain kidney patients and children with life threatening illnesses. The examples throughout the manual have also been updated to refer to the current year of assessment. For more …
Updated Stamp Duty Tax and Duty Manual Section 81AA: Transfers of Land to Young Trained Farmers Revenue has updated the Stamp Duty Tax and Duty Manual for transfers of land under section 81AA SDCA 1999 to young trained farmers to reflect recent developments, including the extension of the relief to 30 June 2023. Further …
Updated Stamp Duty Tax and Duty Manual Section 81AA Read More »
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Company Reg no. 464062
