MKB CPD EVENT – 18th December 2025
Click here to access notes regarding the above.…
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Archives for News
New Ross 2023 CPD Notes
These presentations deal with current, topical and/or other sundry tax issues which might be of interest or relevance to practitioners and clients. Click here to access these presentations.…
Read moreBudget 2024
These notes summarise the main provisions of the Budget as announced by Ministers Paschal Donohoe and Michael McGrath on 10th October 2023.
Budget-2024Download
Budget-2024-Appendix-1Download…
Read moreBudget 2022
These notes summarise the main provisions of the Budget as announced by Ministers Paschal Donohoe and Michael McGrath on 12th October 2021. To access, click here.…
Read moreWebinar on Post Brexit VAT & Customs
On Thursday 11th February 2021, MK Brazil hosted an on-line webinar in association with Rose Tierney dealing with problems encountered by businesses when dealing with VAT & Customs in this “Post Brexit World”.
To view this webinar, please click on the links…
Read moreEmployment Wage Subsidy Scheme Update for Businesses
The Temporary Wage Subsidy Scheme (TWSS) closed on 31st August 2020. This has been replaced by a new subsidy scheme that has already been announced called the Employment Wage Subsidy Scheme (EWSS) which will run from 1st July 2020 to…
Read moreSME Cash Flow Advice from John Foley
Our Partner, John Foley was recently interviewed by Sandra O’Connell from The Times for their article “Shine a light on your SME’s cash flow by bringing in financial expertise”. John discussed recommended actions that businesses should take for restarting after…
Read moreTemporary Wage Subsidy Scheme Advice from Brendan Twohig
Our Partner, Brendan Twohig recently met with Eoghan Dalton from WLR FM for their weekly Hot Desk Show. Brendan discussed the current Temporary Wage Subsidy Scheme that is currently being availed of by many businesses in Waterford. He had some…
Read moreIrish government Approve €250m Restart Grant fund
The Irish government has approved a €250m Restart Grant fund. This new €250m grant scheme has been set up to help small firms with reopening after the Covid-19 restrictions have been lifted. It is recognised that businesses will also incur…
Read moreHot Desk Interviews by WLR FM with Brendan Twohig & Maurice Kirwan
Following the government’s announcement of support for businesses hit by the coronavirus pandemic, Maurice Kirwan and Brendan Twohig from MK Brazil joined The Hot Desk by WLR FM to examine the schemes available over two separate interviews.
Brendan discusses the…
Read moreBudget 2020
Read moreLoans applied in acquiring an interest in a company
Revenue have published guidelines in relation to the above. For further information, please click here.…
Read moreServices connected with immovable property
Revenue have published a new Tax and Duty Manual in relation to services connected with immovable property. For further information, please click here.…
Read moreTax treatment of debt issuance costs
Revenue have updated the Tax & Duty Manual in relation to the tax treatment of debt issuance costs. For further information, please click here.…
Read morePayment and receipt of interest without deduction of Income Tax
Revenue have updated the Tax & Duty Manual in relation to Payment and receipt of interest without deduction of Income Tax. For further information, please click here.…
Read moreIrish Real Estate Funds: pay and file details
Revenue have updated the Tax & Duty Manual in relation to Pay and File instructions for Irish Real Estate Fund (IREF) withholding tax. For further information, please click here.…
Read moreFinance leasing
Revenue have updated the Tax and Duty Manual in relation to finance leasing. For further information, please click here.…
Read moreList of Employees – Guidelines for Employers
Revenue have published a guidance to employers on how to complete and submit a List of Employees through ROS. For further information, please click here.…
Read moreTax clearance guidelines for non-registered applicants
Revenue have amended the Tax and Duty Manual in relation tax clearance guidelines for non-registered applicants. For further information, please click here.…
Read moreCertification of Residence – developments in providing Letters of Residence
Revenue have updated the Tax & Duty Manual in relation to to reflect developments in how Letters of Residence are provided. For further information, please click here.…
Read moreEU Mandatory Disclosure Rules – Entry Into Force from 25 June 2018
Revenue have created a new Tax & Duty Manual in relation to the Directive regarding mandatory exchange of information relating to reportable cross border arrangements. For further information, please click here.…
Read moreChapter 23 of the Pensions Manual
An updated version of Chapter 23 of the Pensions Manual is now available on the Revenue website. For further information, please click here.
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Read morePAYE (Employers) Compliance
Revenue have updated the Tax and Duty Manual to reflect an employer’s obligations under the commonly known PAYE Regulations. For further information, please click here.…
Read moreTransfers of assets, other than trading stock, within group
Revenue have updated the Tax & Duty Manual in relation to the transfers of assets, other than trading stock, within group. For further information, please click here.…
Read moreMineral Oil Tax Carbon Charge
The Mineral Oil Tax Carbon Charge manual provides guidance for Revenue officers on the granting of authorisations to greenhouse gas permit holders. For further information, please click here.…
Read moreTax deductibility in remunerating family members
Revenue have created a new section in the new Tax and Duty Manual with regard to Tax deductibility in remunerating family members. For further information, please click here.…
Read moreLife assurance companies – return of payments
Revenue have added a note to the Tax and Duty Manual regarding Life assurance companies – return of payments. For further information, please click here.…
Read moreSolid Fuel Carbon Tax Compliance Procedures Manual
Revenue have update the Solid Fuel Carbon Tax Compliance Procedures Manual. For further information, please click here.…
Read moreWithholding Tax on interest payments by Companies and to Non-Residents
Revenue have updated the Tax and Duty Manual regarding Withholding Tax on interest payments by Companies and to Non-Residents. For further information, please click here.…
Read moreCapital Gains Tax relief for certain disposals of land or buildings
Revenue have amended the Tax and Duty Manual to reflect changes to Capital Gains Tax relief for certain disposals of land or buildings For further information, please click here.
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Read moreAutomatic Exchange of Information
Revenue have created three new Tax and Duty Manuals regarding the Automatic Exchange of Information. For further information, please click here.…
Read moreCapital Acquisitions Tax (CAT) Part 15
Revenue have update the CAT Manual. For further information, please click here.…
Read moreRegistration of tenancies with Residential Tenancies Board:
Revenue have updated the Tax and Duty Manual regarding the requirement to register a tenancy with the Residential Tenancies Board (RTB). For further information, please click here.…
Read moreCorporation Tax (CT1) returns for 2018, Forms 46G (Company)
Revenue have published a new section of the Tax and Duty Manual in relation to the main changes to the 2018 CT1 return. For further information, please click here.…
Read moreEmployee (PAYE) Tax Credit
Revenue have updated the Tax & Duty Manual in relation to Employee (PAYE) Tax Credit. For further information, please click here.…
Read moreStamp Duty refund scheme for land developed for residential purposes
Revenue have updated the Stamp Duty Manual. For further information, please click here.…
Read moreIncome Tax credits and reliefs for individuals over 65
Revenue have updated the Tax & Duty Manual in relation to Income Tax credits and reliefs for individuals over 65 and individuals caring for those over 65. For further information, please click here.…
Read moreBenefit-in-Kind – Private use of Company Cars
Revenue have updated the Tax and Duty Manual regarding Benefit-in-Kind and the Private use of Company Cars. For further information, please click here.…
Read moreSugar Sweetened Drinks Tax (SSDT) – General Taxpayer Guide
Revenue have updated the SSDT General Taxpayer Guide in relation to the Sugar Sweetened Drinks Tax. For further information, please click here.…
Read moreWarning: Latest email and SMS (text message) Scam
The Revenue Commissioners never send emails or text messages requiring customers to send personal information via email, text or pop-up windows. For further information, please click here.…
Read moreeRCT Bulk Rate Review
In early April 2018 Revenue will carry out its normal Bulk Rate Review (BRR) of all subcontractors in the eRCT system. Further information can be found by clicking here.…
Read moreRevenue publishes list of tax defaulters
On 13th March 2018), Revenue published the list of tax defaulters in respect of the period 1 October 2017 to 31 December 2017. For further information, please click here.…
Read moreTaxation of employees working in the State for a foreign embassy
Revenue have published a new Tax and Duty Manual setting out the position regarding the taxation of staff working in the State for a foreign embassy. For further information, please click here.…
Read moreUse of and access to taxpayer information, data protection
Revenue have created a new Tax and Duty manual in relation to the use of and access to taxpayer information. For further information, click here.…
Read moreCertificates of Residency
Revenue will issue Certificates of Residency in pdf format from 1 January 2018. Further information can be found by clicking here.…
Read more2018 Tax Credit Certificates for PAYE Employees
Revenue is currently issuing 2018 Tax Credit Certificates for PAYE Employees. Further information can be found by clicking here.…
Read morePensions Manual Amended
Revenue have updated the Pensions Manual. Further information can be found by clicking here.…
Read morePAYE Services: Tax and Duty Manual Updates
Revenue have updated the Tax and Duty Manual regarding managing and reviewing your tax. Further information can be found by clicking here.…
Read moreJobs and Pensions TDM Update
Revenue have updated the Tax and Duty Manual to provide information on agent access to the Jobs and Pensions service. Further information can be found by clicking here.…
Read moreTaxation of Non-Resident Landlords
Revenue have updated the Tax and Duty Manual in relation to the taxation of non-resident landlords. Further information can be found by clicking here.…
Read moreRevenue’s Offshore Evasion Inquiry
Revenue have confirmed that an inquiry is underway to identify and pursue taxpayers engaged in offshore tax evasion and avoidance. Further information can be found by clicking here.…
Read moreTaxation of Illness Benefit and Occupational Injury Benefit
With effect from 1 January 2018, Revenue will incorporate the taxable element of Illness or Occupational Injury Benefit into employees’ tax credit certificates. Further information can be found by clicking here.…
Read moreVAT and Payment Services
Revenue have created a new Tax and Duty Manual in relation to the VAT treatment of payment services. Further information can be found by clicking here.
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Read moreBudget 2018
For a summary of the main provisions of the Budget as announced on 10th October 2017, please click Budget 2018.…
Read moreUpdate to Manual for Form 46G and Form 46G (Company)
Revenue have updated the Tax and Duty Manual in relation to Form 46G and Form 46G (Company). Further information can be found by clicking here.…
Read moreSelf-Assessed Taxes Refunds Procedures
Revenue have updated the Tax and Duty Manual in relation to Self-Assessed Taxes Refunds Procedures. Further information can be found by clicking here.…
Read morePAYE Modernisation – Employer Readiness
Based on the 2016 P35 Returns, Revenue is now contacting employers who do not appear to have informed them of new employees. This is in preparation of PAYE Modernisation. Further information can be found by clicking here.…
Read moreExtended ROS Support Opening Hours for Pay & File 2017
Further information on the extended opening hours for both the ROS Technical Helpdesk and ROS Payment Support Unit for the peak Income Tax Pay and File period for 2017 can be found by clicking here.…
Read moreEnhancements to the VAT 3 Filing Process in ROS
Revenue have recently enhanced the VAT 3 online filing process in ROS. Further information can be found by clicking here.…
Read morePensions Manual
The Tax and Duty Pensions Manual has been amended. Further information can be found by clicking here.…
Read moreGuidelines for VAT Registration
Revenue have updated the Tax & Duty Manual in relation to Guidelines for VAT registration. For further information, please click here.…
Read moreGuidance on Personal Portfolio Irish Real Estate Funds
Finance Act 2016 introduced a new regime for the taxation of Irish property funds. For further information, please click here.
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Read moreReview of Opinions or Confirmations
Revenue have published an updated Tax & Duty Manual. For further information, please click here.…
Read moreReminder to Income Tax filers about their Self-Assessment for 2016
Revenue are reminding Income Tax filers that they are required to file their 2016 Tax Return and pay their liabilities on or before 31 October 2017. For more information, please click here.…
Read moreRevenue Publishes list of Tax Defaulters
Revenue have published the list of tax defaulters in respect of the period 1 April 2017 to 30 June 2017. For more information, please click here.…
Read moreROS – Digital Certificate Renewal Reminder Notices
Revenue have published guidelines regarding the renewal of ROS certificates. Further information can be found by clicking here.…
Read moreTransfer Pricing Documentation Obligations
Revenue have published guidelines on dealing with Transfer Pricing Documentation Obligations. Further information can be found by clicking here.…
Read moreGuidelines for requesting Mutual Agreement Procedure (MAP) assistance in Ireland
Guidance on the operation of MAP is contained in Tax and Duty Manual. Further information can be found by clicking here.…
Read moreGuide to Exchange of Information
Revenue have updated the Tax and Duty Manual to include Automatic Exchange of Information provisions between Ireland and others. Further information can be found by clicking here.…
Read moreROS Form 11 – 2016 Income Tax Return
The ROS Form 11 was updated on 17 June 2017 to reflect legislative changes in the Finance Act 2016 and is available since 1 January 2017, in both online and offline ROS facilities. Further information can be found by clicking …
Read moreIrish Real Estate Funds
The Tax and Duty Manual sets out the agreed administrative practice for the application of the Irish Real Estate Fund (‘IREF’) regime. Further information can be found by clicking here.…
Read moreGuidelines on Tax Consequences of Receivership and Mortgagee in Possession (MIP)
Revenue have updated the Tax and Duty Manual in relation to Guidelines on Tax Consequences of Receivership and Mortgagee in Possession (MIP). Further information can be found by clicking here.…
Read moreProvisions Relating to Residence of Individuals
Revenue have revised the Tax and Duty Manual in relation to Provisions Relating to Residence of Individuals. Further information can be found by clicking here.…
Read moreData Retention Policy for Compliance Interventions
The Tax and Duty Manual outlines Revenue’s data retention policy. Further information can be found by clicking here.…
Read moreNew PAYE Services and ROS registration changes
Revenue are making changes to their online services for PAYE customers and ROS. Further information can be found by clicking here.…
Read moreFull Self-Assessment – Revenue Assessment in the absence of a Return.
Revenue have updated the Tax and Duty Manual in relation to Full Self-Assessment – Revenue Assessment in the absence of a Return. Further information can be found by clicking here.…
Read moreTax treatment of Certain Dividends
Revenue have updated the Tax and Duty Manual in relation to the tax treatment of certain dividends. Further information can be found by clicking here.…
Read moreTax-Geared Penalties for Non-Submission of Returns
Revenue have produced a manual relating to tax-geared penalties for Non-Submission of Returns. Further information can be found by clicking here.…
Read moreOffshore Funds Regime
Revenue have updated two Tax and Duty Manuals to provide greater clarity on the operation of the offshore funds regime. Further information can be found by clicking here.…
Read moreCorporation Tax (CT1) Returns for 2016 and 2017, Forms 46G (Company)
Revenue have updated the Tax and Duty Manual to include reference to the main changes to the 2017 CT1 return. Further information can be found by clicking here.…
Read moreVAT Treatment of Education and Vocational Training
Revenue have updated the Tax and Duty Manual in relation to the VAT Treatment of Education and Vocational Training. Further information can be found by clicking here.…
Read moreLarge Cases Division: Opinions/Confirmation on Tax/Duty Consequences of a Proposed Course of Action
Revenue have updated the Tax and Duty Manual in relation to Large Cases Division Opinions / Confirmation on Tax/Duty Consequences of a Proposed Course of Action. Further information can be found by clicking here.…
Read moreSunday Papers – 16th April 2017
Sunday Business Post
The number of completed houses remains an uncertain statistic. The government continue to quote the number of completions at 14,932 last year, but this is based on electricity connections. When the number registered on the Building Control…
Read moreCharitable Donations Scheme
The Tax and Duty Manual has been updated to include additional material on what happens when Revenue withdraw an authorisation from an eligible charity. Further information can be found by clicking here.
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Read moreSunday Papers – 9th April 2017
Sunday Business Post
Tenants in two of the country’s largest shopping centres, Blanchardstown (owned by US private equity firm Blackstone) and Dundrum (owned by UK real estate business Hammerson and German insurer Allianz Real Estate), are likely to face rental…
Read moreHelp To Buy Scheme
Revenue have published a new Tax and Duty Manual in relation to the Help To Buy Scheme. Further information can be found by clicking here.…
Read moreHome Renovation Incentive (HRI)
Revenue have updated the Tax and Duty Manual in relation to the Home Renovation Incentive (HRI). Further information can be found by clicking here.…
Read moreNon Principal Private Residence Charge Notification Facility
Revenue is providing a facility to enable landlords to make a provisional claim for a deduction in respect of the NPPR pending a determination by the Court of Appeal on the matter. Further information can be found by clicking here…
Read moreSunday Papers – 2nd April 2017
Sunday Business Post
RSM has announced a merger with John Marks and Co.
SurveyMonkey intends to grow its team from 48 to 60 at its Dublin HQ.
Accumulated losses at Tralee fintech company Contiuum Commerce grew from €14.07m to €14.56m.…
Read moreCertification of Residence for Individuals/Companies/Funds
Revenue have updated the Tax and Duty Manual in relation to Residence for Individuals, Companies, Funds. Further information can be found by clicking here.…
Read moreSunday Papers – 26th March 2017
Sunday Business Post
Red-C: First preference vote intention (March 2017)
Fine Gael: 24% (-)
Fianna Fáil: 26% (-)
Sinn Féin: 17% (-2%)
Ind: 13% (+3%)
Labour: 6% (+2%)
Independent Alliance: 3% (-)
AAA: 4% (-2%)
Social Dems: 3% (-)
Green:…
Read moreIrish Real Estate Fund Declarations
Revenue have updated the Tax and Duty Manual in relation to Irish Real Estate Fund declarations. Further information can be found by clicking here.…
Read moreNon Principal Private Residence (NPPR) Charge
Revenue have updated the Tax and Duty Manual in relation to the recent decision of the High Court on the deductibility against rental profits of the Non Principal Private Residence charge (NPPR). Further information can be found by clicking here…
Read moreHealth Expenses / Assistance Dogs
Revenue have updated the Tax and Duty Manual in relation to Health Expenses / Assistance Dogs. Further information can be found by clicking here.…
Read moreSunday Papers – 12th March 2017
Sunday Business Post
Advisers on the sale of part of the government’s stake in AIB are expected to net €40m based on average deal fee rates of 1%-1.5% of the money raised.
Bank of Ireland’s top 190 bankers received an…
Read moreSunday Papers – 5th March 2017
Sunday Business Post
There is plenty written on the Northern election, Irish Water and the various political stances on the same.
Over 730 solicitors and over 500k people have been written to regarding their lack of disclosure of offshore assets.…
Read moreCode of Practice for Revenue Audit and other Compliance Interventions
Revenue have updated the Code of Practice for Revenue Audit and other Compliance Interventions. This is effective from 22nd February 2017. Further information can be found by clicking here.…
Read moreSunday Papers – 26th February 2017
Further information can be found by clicking here.
Revenue have updated the Tax and Duty Manual
Sunday Business Post
AIB is expected to announce its plans for its troubled mortgage book over the next week. The political pressure may…
Read moreSunday Papers – 19th February 2017
Business Post
The Connect Ireland/IDA dispute continues with Connect Ireland seeking €7m from the IDA. There is a disagreement about how many jobs Connect Ireland has created through companies it brought to Ireland.
Sarah Keane, the new CEO of Olympic…
Read moreOpticians in Employment
The Tax and Duty Manual sets out the types of payments, made by optometrists and dispensing opticians in employment, which can be allowed as an expense deduction under section 114 of the Taxes Consolidation Act 1997. Further information can be…
Read moreSolvency II – EU (Insurance and Reinsurance) Regulations 2015
Details of the new arrangements in relation to Solvency II – EU (Insurance and Reinsurance) Regulations 2015 are set out in Tax and Duty Manual. Further information can be found by clicking here.…
Read moreRevenue seeks applications for independent Research & Development (R&D) experts
Revenue have published a request for applications from independent experts to form a panel for the coming year. Further information can be found by clicking here.…
Read moreUpdates to the Electronic Relevant Contracts Tax (eRCT) System
Revenue have revised the Tax and Duty Manual to take into account updates and enhancements to the eRCT system. Further information can be found by clicking here.…
Read moreR&D Tax Credit Claims in respect of projects supported by Enterprise Ireland R&D Grants
The Tax and Duty Manual has been updated in relation to R&D tax credit claims in respect of projects supported by Enterprise Ireland R&D grants. Further information can be found by clicking here.…
Read moreRevenue Technical Service – Solicitor Access to the MyEnquiries
The Revenue Service to Practitioners and Business Taxpayers including RTS Guidelines has been updated. Further information can be found by clicking here.…
Read moreDeduction for income earned in certain foreign states (FED)
The Tax & Duty Manual has been updated to reflect changes made by section 11 of Finance Act 2016 in relation to Foreign Earnings Deduction (FED). Please click here for more information.…
Read moreTaxation of Paternity Benefit
Revenue have updated the Tax and Duty Manual to reflect the Taxation of Paternity Benefit. Further information can be found by clicking here.…
Read morePAYE – Exclusion Orders
Revenue have updated the Tax and Duty Manual in relation to PAYE exclusion orders. Further information can be found by clicking here.…
Read moreSunday Papers – 12th February 2017
Sunday Business Post
There is still plenty on Brexit and Trump across the board. A Red C poll has indicated that 77% of Irish people are worried that Brexit will have a negative effect on the Irish economy, up 5%…
Read moreRevenue Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings
Revenue have updated the Tax & Duty Manual in relation to Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings. Further information can be found by clicking here.…
Read moreAverage Market Mid-Closing Exchange Rates v Euro
Revenue have published a list of the Average Market Mid-Closing Exchange Rates v Euro for the years 2013 to 2016 inclusive, as supplied by the Central Bank. Further information can be found by clicking here.…
Read moreIrish Real Estate Fund Declarations
Revenue introduced a regime for the taxation of Irish Real Estate Funds (IREFs) by Finance Act 2016. Further information can be found by clicking here.…
Read moreSunday Papers – 29th January 2017
Sunday Business Post
The latest results from a Red C poll are as follows:
Fianna Fáil 27% (+3%)
Fine Gael 24% (-1%)
Sinn Fein 14% (-2%)
Inds 14% (+2%)
AAA-PBP 4% (-1%)
Ind Alliance 3%(-1%)
Labour 5% (-)
Soc Dems…
Read moreTax Relief on Retirement for Certain Income of Certain Sportspersons
Section 6 Finance Act 2016 amends Section 480A which provides for Sportspersons tax relief. Further information can be found by clicking here.…
Read moreRevenue Opinions and Confirmations
It is Revenue policy that all opinions/confirmations issued by Revenue are subject to a maximum validity period of 5 years. Further information can be found by clicking here.…
Read moreDeduction for statutory registration fees paid to the Health and Social Care Professionals Council
The Tax and Duty manual outlines the tax deduction that may be granted in respect of the statutory registration fees paid by certain health and social care professionals to the Health and Social Care Professionals Council (CORU). Further information can…
Read moreSpecial Assignee Relief Programme
Revenue have updated the Tax and Duty Manual in relation to SARP. Please click here for more information.…
Read moreFisher Tax Credit
Revenue have updated the Tax and Duty Manual in relation to the Fisher Tax Credit which applies from 1 January 2017. Further information can be found by clicking here.…
Read moreFinance Act 2016 changes to Capital Acquisitions Tax Consolidation Act 2003
The Capital Acquisitions Tax and Duty Manual has been updated. Further information can be found by clicking here.…
Read moreSunday Papers – 22nd January 2017
Sunday Business Post
There is plenty on Trump, Martin McGuiness’ resignation and the Northern Ireland political situation.
The Business Post reveals that a pool of 250 Bus Éireann drivers out of 1,359 “is kept in reserve in garages around the…
Read moreSunday Papers – 15th January 2017
Sunday Business Post
The HSE’s director general Tony O’Brien claims that the health service requires a capital injection of €9bn to end the overcrowding problems. There is also an interview with him.
“Temple Road in the Dartry area has overtaken…
Read moreSunday Papers – 8th January 2017
Sunday Business Post
A trust controlled by Dermot Desmond’s family has bought a mansion on Shrewsbury Road in Dublin 4. The property was formerly owned by Sean Dunne who held it in trust for his wife before it was sold…
Read moreStamp Duty Levies
Revenue have updated the Stamp Duty Manual. Further information can be found by clicking here.…
Read moreImproved Online Services for PAYE Customers
Revenue has improved its online service offering for PAYE customers. Further information can be found by clicking here.…
Read moreSunday Papers – 1st January 2017
Sunday Business Post (January 1st)
There is plenty of speculation around various topics such as the effect of Trump, the triggering of Article 50 and Brexit, European elections, Ireland’s tax policy, the full flotation of AIB , relations with the…
Read moreFinance Act 2016 – VAT Notes for Guidance
Further information on this topic can be found by clicking here.…
Read moreSynopsis of Business Pages – Christmas Edition
Business Post
Head of the Catholic Church in Ireland, Archbishop Eamon Martin, reveals in an interview that the Church will run a massive campaign ahead of the next abortion referendum and that the Pope will be airing his opposition when…
Read moreUpdated USC Manual
Revenue have updated the USC Manual. Further information can be found by clicking here.…
Read moreTaxation Issues for Registered Farm Partnerships
Revenue has published a new booklet for farmers outlining the principal features of the Irish tax system as it relates to farmers. Further information can be found by clicking here.…
Read moreSunday Papers – 18th December 2016
Sunday Business Post
Minister for Public Expenditure Pascal Donohoe has said that the value of pensions of Public Sector workers will be factored into any negotiations and that previous benchmarking exercises ignored this lucrative value. He has a good quote…
Read moreRevenue’s new mobile app – RevApp
Revenue’s most recent addition to its suite of online services is RevApp. For more information, please click here.…
Read moreSunday Papers – 11th December 2016
Sunday Business Post
Facebook is on the hunt for a new HQ in Dublin and has appointed DTZ to find it 110,000 sq. ft. as it plans to add 1,000 new jobs in Dublin. Facebook currently employs c.1,600 in Ireland,…
Read moreIreland/UK Double Taxation Agreement.
Revenue have updated the Tax and Duty Manual to clarify the Ireland/UK Double Taxation Agreement. Further information can be found by clicking here.…
Read moreSunday Papers – 4th December 2016
Sunday Business Post
The Revenue Commissioners are working closely with the EU and are going through any case that might have been given exceptional treatment or referred to internally as “tax opinions”. Around 100 such “opinions” are issued every year.…
Read moreSunday Papers – 27th November 2016
Central Bank Mortgage Rules
The Business Post’s intelligence suggests that the first-time buyers’ grant of €20k may be scrapped in light of the reduction of the requirement to have a 20% deposit rule on houses over €220k to a flat…
Read moreSingle Euro Payments Area (SEPA) Payments
Revenue wishes to advise customers of an upcoming change to SEPA payment processing timelines in respect of bank accounts that are used to pay taxes. Further information can be found by clicking here.…
Read moreIssue of Patronage Shares by Co-Operatives
Please read Revenue’s code of practice in relation to the issue of patronage shares to members by clicking here.…
Read moreSunday Papers – 20th November 2016
Sunday Business Post
Jim Mansfield Jnr is interviewed in the Business Post and claims conspiracy theories linking him and his family’s business to money laundering, drug gangs etc. have damaged their reputation and all without foundation. After numerous raids, the…
Read moreSunday Papers – 13th November 2016
Sunday Business Post
There is plenty of analysis on what Trump means for Europe and Ireland across all the papers.
Minister for Health Simon Harris has instigated an investigation into payments big pharma companies give to doctors and public hospitals,…
Read moreEmployer Notification – PAYE end-of-year filing requirements for 2017 and subsequent years
Revenue Commissioners have published information with regard to PAYE end-of-year returns. For more information, click here.…
Read moreSunday Papers – 6th November 2016
Sunday Business Post
There is lots on Garda pay and the consequences for public sector pay across the board.
Clinton and Trump get plenty of column inches. Bookmaker odds suggest the probabilities are 74% for Clinton to get in, 23%…
Read moreJobs and Pensions Service
Jobs and Pensions is Revenue’s new online service which allows employees and private pension recipients to register certain new jobs or private pensions with Revenue. For further information, please click here.…
Read moreROS Pay & File Deadline 10 November 2016 – Useful Tips
The Pay & File deadline for ROS customers is 10 November 2016. Revenue have published guidelines and tips in relation to this deadline. These can be accessed by clicking here.…
Read moreSunday Papers – 30th October 2016
Sunday Business Post
Latest Business Post / Red C poll on political party support:
Fianna Fáil – 26% (-1%)
Fine Gael – 25% (no change)
Sinn Féin – 13% (-2%)
Independents – 10% (no change)
AAA-PBP – 9% (+3%)
Independent…
Read moreSunday Papers – 23rd October 2016
Sunday Business Post
There is a tribute in the Business Post to Anthony Foley RIP.
Questions are being raised on why NAMA sold a neighbouring site to the Abbey Theatre without seeking rival bids.
Mike Flannery of Bartra is warning…
Read moreRevenue Technical Services
The guidelines in relation to the Revenue Technical Services (RTS) have been updated to reflect the fact that any opinion issued by the RTS will have a maximum validity of 5 years. Further information can be found by clicking here…
Read moreExtended deadline for ROS Customers in respect of RACs, PRSAs and AVCs
Where an individual files and pays online, the deadline for making RAC, PRSA or AVC payments and claiming the relief is extended to 10th November 2016. For further information, please click here.…
Read moreSunday Papers – 16th October 2016
Sunday Business Post
There is a 32-page Budget review pull-out section in association with KPMG and there is also a lot written on the Budget in the main paper.
David McWilliams is baffled by the measures introduced in the Budget…
Read moreBudget 2017
For a summary of the main provisions of the Budget as announced by Minister Noonan and Minister Donohoe on 11th October 2016, please click here.…
Read morePAYE Modernisation – Public Consultation Paper
Revenue has published a consultation paper inviting submissions in relation to its proposals to modernise the PAYE system. For further information, please click here.…
Read moreSunday Papers – 9th October 2016
Business Post
The upcoming Budget has been described as the “most complex” Budget, given the requirement of significant opposition buy-in. Some papers speculate that Fianna Fáil will not sanction. The noises from the articles today are positive for business. There…
Read moreTermination of carry forward of certain unused capital allowances beyond 2014
Chapter 4A of Part 12 of the Taxes Consolidation Act 1997 (introduced in Finance Act 2012) provides for a termination of the carry-forward of certain unused capital allowances after the “tax life” of the relevant building or structure has ended. …
Read moreCapital Gains Tax – Revised Entrepreneur Relief
The Capital Gains Tax section of the Tax & Duty Manual has been updated with regard to Revised Entrepreneur Relief. For further information, please click here.…
Read moreHow to protect your business from becoming involved in VAT Fraud
Full details on how to protect your Business from becoming involved in VAT fraud are contained in VAT Manual. Further information can be found by clicking here.…
Read moreSunday Papers – 2nd October 2016
Sunday Business Post
There is plenty in the SBP on Donald Trump and also a few articles on him bringing Denis O’Brien’s relationship with the Clintons into the mix. Interestingly, Ian Kehoe says that, “Portions of what Trump said will…
Read moreBilateral Advance Pricing Agreements
Revenue have updated the Tax & Duty Manual guidelines regarding Bilateral Advance Pricing Agreements. Further information can be found by clicking here.…
Read moreRepeal of EU Savings Directive
Revenue have updated the Tax & Duty Manual to reflect the current position in respect of the agreements to exchange EUSD equivalent information. Further information can be found by clicking here.…
Read moreSunday Papers – 25th September 2016
Sunday Business Post
Recent polls on political party support:
Fianna Fáil at 27% (-2)
Fine Gael at 25% (-1)
Sinn Féin at 15% (+2)
Labour at 7% (+1)
Independents at 10% (+3)
Other at 16% (-3)
Pre-budget coverage and lobbying…
Read moreSunday Papers – 18th September 2016
Big Story of the Week
NAMA is the big story this week and the sale of the Northern loan book in particular. It is also the big story today.
Michael McDowell in Bus Post: “Try as it might NAMA can’t…
Read moreSunday Papers – 11th September 2016
Sunday Business Post
Fianna Fáil and the Independents are putting big pressure for a wide scale state probe into the €1.6bn sale of NAMA’s Northern Irish loan book. The rising pressure for the probe is covered across the other papers…
Read moreClarification on scope of Third Party Return Form 8-2
Revenue have updated the Tax and Duty Manual in relation‘Third Party Returns’ to clarify who is obliged to file the Form 8 – 2, in what circumstances the obligation to file applies and to explain the process for filing such…
Read moreExtended ROS Support Opening Hours for Pay & File 2016
Revenue have published the extended opening hours for both the ROS Technical Helpdesk and ROS Payment Support Unit for the peak Income Tax Pay and File period for 2016. Further information can be found by clicking here.…
Read moreSunday Papers – 4th September 2016
Sunday Business Post
It’s all Apple, we will let you read the considered analysis yourselves across the various publications, including various suggestions that our Anglo-American economy does not belong in the EU block and the consequences for the current Government.…
Read moreSunday Papers – 28th August 2016
Sunday Business Post
Pat Hickey et al account for pages and pages.
Cerberus, Carval and Goldman Sachs have ramped up their receivership actions compared to last year. In the first eight months of this year, they accounted for 40% of…
Read moreSunday Papers – 21st August 2016
Sunday Business Post
“The IBRC commission into the sale of Siteserv to the businessman Denis O’Brien is planning to review text messages sent between the various parties overseeing the transaction.”
Sales of Sunday newspapers were down 6.3% in the first…
Read more2015 ROS Form 11
Revenue have updated the Income Tax, Capital Gains Tax and Corporation Tax Manual with regard to the revised version of the 2015 Form 11. For further information, please click here.
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Read moreExtension of filing deadline for iXBRL Financial Statements
Revenue have updated the Tax & Duty Manual in relation to a change in the filing deadline for iXBRL financial statement returns. For further information, please click here.…
Read moreRegional 1890 Business Taxes Phone Numbers
Revenue have introduced Regional 1890 numbers to provide a single point of contact in each Region for agents and customers to direct their Business Taxes queries. For further information, please click here.…
Read moreSunday Papers – 14th August 2016
Business Post
Larry Goodman looks set to buy €31m of shares from Jimmy Sheehan in the Galway Clinic, having bought 10% from Louth accountant Brendan McDonald recently. The most recent accounts for the Galway Clinic show profits of €12.8m. This…
Read moreKnowledge Development Box
Practical guidance on the Knowledge Development Box has been issued by Revenue. Further information can be found by clicking here.
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Read moreSunday Papers – 7th August 2016
Sunday Business Post
Michael Smurfit is interviewed in the Business Post ahead of his 80th birthday. His advice to young people is, “I have always advised young people to be entrepreneurial if they can be and to take chances in…
Read moreSunday Papers – 31st July 2016
Sunday Business Post
The Business Post has exposed that failure to enact legislation has resulted in a case where 300,000 public servants will receive bigger pensions than they were supposed to and will add to the annual €2.8bn public sector…
Read moreThe “ARF option”, Defined Benefit Schemes and Buy-out Bonds
Revenue have announced a policy change with regard to the effect that individuals with a Buy-out Bond (BOB) that originated from a Defined Benefit pension scheme may, where benefits are taken on or after that date, access the Approved Retirement…
Read moreAmendment to eTC Guidelines & Procedures
The Electronic Tax Clearance (eTC) Guidelines & Procedures Manual has been amended. Further information can be found by clicking here.…
Read morePayment of Local Property Tax by Direct Debit
Revenue have published a new Tax & Duty Manual on the payment of Local Property Tax by direct debit. Further information can be found by clicking here.…
Read moreOn-Line Payment of Attachment Amounts
Revenue have updated the Attachment Tax & Duty Manual to demonstrate how payments should be forwarded to Revenue. Further information can be found by clicking here.…
Read moreSunday Papers – 24th July 2016
Housing Plan
47k new social housing units are planned within five years. In 2015 only 74 local authority houses were built.
Over 26k of these are planned to be built directly via local authority/housing bodies or Part V. 11k are…
Read moreSubmission of Supporting Documentation for VAT Registration Applications
Revenue has enhanced the “MyEnquiries” online service to enable supporting documentation to be uploaded at the time that a VAT registration application is submitted. Further information can be found by clicking here.…
Read moreUpdated version of Form 46G Return Tool
Revenue have released an updated version of the spreadsheet Form 46G Return Tool in relation to Third Party Returns. Further information can be found by clicking here.…
Read moreSunday Papers – 17th July 2016
Sunday Business Post
57% of all voters and 48% of FG voters want Enda Kenny gone before the October budget.
Fianna Fáil are topping the Red C polls at 29% (+3%)
Fine Gael 26% (-)
Sinn Féin 13% (-2%)
Inds/others…
Read moreSpecial Assignee Relief Programme (SARP)
Revenue have updated the Tax & Duty Manual to includes examples on the correct completion of various forms for SARP cases. For further information, click here.…
Read moreSunday Papers – 10th July 2016
Sunday Business Post
Brexit
In light of Michael Noonan’s downward revision of GDP growth from 4.3% to 3.4%, Ian Guider reflects on the Irish economy and whether or not Brexit can put a halt to our current economic bull run.…
Read moreAbolition of Milk Quotas: restriction of CGT losses
Revenue have update the Tax and Duty Manual in respect of the restriction of CGT losses and milk quotas. Further information can be found by clicking here.
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Read moreVAT: Management of Special Investment Funds
Revenue have created 2 new VAT manuals to provide guidance in respect of the Management of Special Investment Funds. Further information can be found by clicking here.…
Read moreSunday Papers – 3rd July 2016
Brexit Round Up
The diagnosis of the Brexit hangover continues and will do for a long time yet. There continues to be more questions than answers.
Quotes in the Business Post include:
David McWilliams: “This is our golden opportunity”
Michael…
Read moreNew State Aid transparency requirements
From 1st July 2016, Member States are required to publish information regarding certain State aid granted to individual beneficiaries on a central website. Click here for more information.
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Read moreHow to Protect your Business from Becoming Involved in VAT fraud
Revenue have updated the Tax & Duty Manual with regard to protecting your Business from becoming involved in VAT fraud. Further information can be found by clicking here.…
Read moreGuidelines on the operation of Ireland’s bilateral Advance Pricing Agreement (‘APA’) programme
Revenue is introducing a formal bilateral Advance Pricing Agreement programme, effective from 1st July 2016. Further information can be found by clicking here.…
Read moreSunday Papers – 26th June 2016
Brexit
Brexit – what a shock.
In the Business Post, David McWilliams is beating the drum that the ROI will have to get some of the investment that will be diverted from UK and turn a negative into a positive,…
Read moreGuidelines on the operation of Ireland’s bilateral Advance Pricing Agreement
Guidelines regarding the operation of Revenue’s Bilateral Advance Pricing Agreement have been updated in the Tax and Duty Manual. Further information can be found by clicking here.…
Read moreSunday Papers – 19th June 2016
Business Post
Brexit, Brexit, Brexit. This Thursday is the vote and Betfair’s exchange prices suggest it is 72%-28% in favour of the UK remaining in the EU. Credit insurance, specific measures for individual Irish counties with most exports to Britain,…
Read moreGuidelines for Sheriff Enforcement
The Tax and Duty Manual have been amended with regard to the collection of any amount owing on a warrant issued by Revenue. The period has been reduced from six months to three months. Further information can be found by…
Read moreSunday Newspapers – 12th June 2016
Business Post
There are plenty of column inches given to the Anglo/IL&P trial and Brexit. Latest Paddy Power odds on the referendum are: 2/5 Stay (68% chance) and 2/1 leave (32% chance).
The Low Pay Commission is expected to deliver…
Read moreROS extended to accept additional taxes, interest and penalties.
Revenue is extending the Revenue On-Line Service to accept payments in respect of 13 additional taxes. More information can be found by clicking here.…
Read moreOn-Line Payment of Taxes – myAccount
Revenue is providing a new on-line payment facility via myAccount, which will come into effect from 11th June 2016. Further information can be found by clicking here.…
Read morePayments on Termination or Removal from Employment
The Tax and Duty Manual has been updated to clarify the income to be included when calculating payments on termination of an office or employment or removal from employment. Further information can be found by clicking here.…
Read moreSunday Newspapers – 5th June 2016
Sunday Business Post
As expected, Brexit dominates the papers.
Paddy Power are quoting 9/4 to exit and 1/3 to stay. There was an implied 19% chance of exit this time last week according to Paddy Power, compared to 29% this…
Read moreSunday Newspapers – 29th May 2016
Sunday Business Post
Cerberus, Carval and Goldman are beginning to realise the loan books they bought and recover assets where loans are in default. Given the impaired loan books they bought, this was an inevitability and let’s hope they are…
Read moreAviation Services Facilities
This scheme provides for tax relief for qualifying expenditure incurred on the construction and refurbishment of buildings or structures in use for the purposes of aviation services facilities. The relief applies to buildings or structures in use for such operations…
Read moreRestrictions on Income Tax Loss Relief
Revenue has issued a new Tax and Duty Manual which details the relief available for losses sustained by an individual in the course of a trade/profession and also sets out the various restrictions which can apply to such a loss. …
Read moreLeases of Farm Land for Solar Energy Development
Revenue have published a new Tax and Duty Manual to clarify the availability of tax relief under section 664 TCA in respect of leases of land to solar energy companies for the purpose of solar energy development on the land. …
Read moreSunday Newspapers – 22nd May 2016
Business Post
There is lots written about the Gardaí / Whistleblowers Saga.
There are 7,995 vacant houses and 16,321 vacant apartments in Dublin city centre. There is a suggestion that an empty home tax might improve the supply of accommodation.…
Read moreRental Income
Revenue have recently updated the Tax and Duty Manual to reflect changes introduced by section 15 Finance Act 2015. Further information can be found by clicking here.…
Read moreRecent enhancements to VAT Return of Trading Details (RTD) in ROS
Revenue have recently implemented a package of enhancements to further integrate VAT RTD functionality in ROS. Further information can be found by clicking here.…
Read moreTax Treatment of Flight Crew Members
Revenue have amended the Tax and Duty Manual with regard to employment income arising to a flight crew member in respect of an employment exercised aboard an aircraft operated in international traffic where the place of effective management of the…
Read moreNon-Filing of Returns – Prosecution and Penalty Programmes
Revenue have updated the Tax and Duty Manual. To read more on this topic, please click here.…
Read moreCorporation Tax Returns for 2015 and 2016
Revenue have released the Corporation Tax Return for accounting periods ending in 2016 and is now available for filing through both ROS Online and ROS Offline. Further information can be found by clicking here.…
Read moreMandatory eRepayments
Revenue have just published information relating to refunds/repayments being paid electronically for taxes falling under current mandatory eFiling requirements. Further information can be found by clicking here.…
Read moreSpring Budget – Impact on Employees
Pictured at the ‘2009 Spring Budget – Impact on Employees’ is Brendan Twohig, Tax Consultant, Mk Brazil…
Read moreConstruction Industry Seminar
– Pictured at the ‘Construction Sector – Recent Tax Developments’ seminar held at the Granville Hotel, Waterford is Jim Grant Managing Partner, MK Brazil.…
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