Category: Guardian news
Did you receive an Income Tax refund in 2024? Many of our clients received refunds for various reasons in 2024. The most common causes were: Making extraordinary personal contributions to a PRSA. A significant illness requiring expensive medical care. A change in personal circumstances – marriage; taking a mortgage for the first time; redundancy. Being […]
Recent publicity regarding staff entertainment The Irish Times (18th November) carried an article headed “Revenue clampdown could spoil the office party as taxes hit workplace celebrations”. The timing of this in my opinion is purely to spread unnecessary fear and attract debate among readers. The existing Revenue Tax and Duty Manual (Part 05.01.01i) covers this […]
Budget 2025 The Apple Tax Windfall Budget! Budget Overview The coalition has made its multi-billion-euro pitch to voters ahead of the general election, with an €8.3bn Budget comprising €1.4bn in tax cutsand €6.9bn in new spending. Finance Minister Jack Chambers said the changes to personal income taxes would support low and middle-income earners. A range […]
New source of funding With AIB now fully subscribed for the SCBI Ukranian Fund, and others fast running out of funds, securing funding is once again starting to get more difficult. One new offer is Enterprise Ireland’s Pre-Seed Start Fund. This scheme offers funding of €50 – €100,000 by way of a convertible loan note […]
Enhanced Reporting Requirements (ERR) deferred Following on from the constantly deferred Pension Auto Enrolment, Revenue have now decided to relax the enhanced reporting requirements by a further 6 months until 1st January 2025. I think this is ridiculous – all of our clients have already implemented and adhered to this new regime. We went through […]