Latest news from CRO – Delay in implementation of the PPSN project
The CRO website has updated information in relation to the implementation of the PPSN project. Click here for more information >>
Pay and File Extension Date for 2023
The Revenue Commissioners have published on their website details of the extension to the ROS return filing and payment date. For taxpayers who pay and file online through ROS the deadline is extended to 15 November 2023 (note the requirement for the taxpayer is to both pay and file through ROS to qualify for the …
Employment Investment Incentive
The Revenue Commissioners have updated their Tax and Duty Manual with information relating to the process for claiming second stage relief on Employment Investment Incentive (“EII”). EII is a tax incentive. Tax relief of up to 40% of the amount investment in certain corporate trades is available and the investor may obtain income tax relief …
Latest News from CRO
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
The provision of Staff Awards
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)
Returns by Employers in Relation to Reportable Benefits – Anticipated Commencement 2024
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 »
Revenue Update to Pensions Manual
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
Preliminary Corporation Tax Guidance
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
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)
Tax Debt Warehousing Arrangement Update
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
