Tax Blog

Please Note: Articles contained in this blog are correct at time of publication

Update to Temporary Wage Subsidy Scheme

Update to Temporary Wage Subsidy Scheme

Following the announcement by the Minister for Finance, Revenue have now put in place a change to the Temporary Wage Subsidy Scheme to include employee’s returning to work following a period of leave. Previously, where an employee was returning to work after...

Changes to Covid-19 Wage Subsidy Scheme

Changes to Covid-19 Wage Subsidy Scheme

Revenue have now issued confirmation of key changes made to the Covid-19 Temporary Wage Subsidy Scheme as announced by Minister of Finance, Paschal Donohoe. Who does this apply to? This will apply to all those earning up to €500 per week / €31,000 approx. per year and...

Covid-19 Wage Subsidy Scheme

Covid-19 Wage Subsidy Scheme

What is it? It will be operated by employers through their payroll system, therefore ensuring employees will be in receipt of the subsidy payment along with their weekly employer contribution of wages, with effect from 26th March 2020. What are the key elements? Where...

Minimum Wage Increase 2020

Minimum Wage Increase 2020

As of 1st February, as set out in the National Minimum Wage Order 2020, Ireland’s minimum wage has increased to €10.10 per hour or part thereof, based on age of employee. Source citizensinformation.ie Calculating hourly rate As stated in the National Minimum Wage...

Home Renovation Incentive

Home Renovation Incentive

The Home Renovation Incentive Scheme (HRI) was implemented in October 2013 and was originally available for homeowners to apply until 31st December 2015. Subsequently, the scheme was extended in December 2014 to include all homeowners, including landlords and finished...

Flat Rate Expenses

Flat Rate Expenses

Do you qualify for Flat Rate Expenses in relation to your profession? Flat Rate Expenses are employment expenses claimable depending on the profession you are in. To ensure you claim this entitlement if available to you,  check out Revenue’s list of qualifying...

PAYE Modernisation (P60 Replacement)

PAYE Modernisation (P60 Replacement)

PAYE Modernisation Since the start of 2019, your income and statutory deductions are submitted to Revenue each time you are paid. Under PAYE Modernisation, employers no longer provide a Form P60. Instead, from January 2020 you will be able to view, download or print...

Flat Rate Expenses to be abolished from 2020

Flat Rate Expenses to be abolished from 2020

Do you qualify for Flat Rate Expenses in relation to your profession? Flat Rate Expenses are employment expenses claimable depending on the profession you are in. Revenue have undertaken a review of these and despite opposition from many trade unions they will be...

Are you claiming the correct tax credits?

Are you claiming the correct tax credits?

As reported in the Independent and various media outlets, over €4bn has been refunded by Revenue to taxpayers since 2010. Tax Relief due on medical expenses, nursing home fees, etc have been claimed but this figure also includes overpayment of Income Tax. In our...

WAYS TO APPLY FOR A TAX REFUND

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