Explaining the Research & Development Tax Credit
Colin Keane
What is the Research and Development Tax Credit? The R&D Tax Credit is a valuable incentive to encourage research and development in Ireland. Businesses performing R&D can benefit from a refund of 25% on qualified expenditure. The R&D Tax Credit is open to all companies …
Help to Buy Incentive
Conor Gallagher
The Help to Buy (HTB) incentive is a scheme for first-time property buyers. It will help you with the deposit you need to buy or build a new house or apartment. You must buy or build the property to live in as your home. The …
Benefit in Kind Exemptions on Use of Company Vehicles
There are two scenarios where Benefit in Kind (BIK), may not be triggered for employees when using company cars. Car Pools If your employee uses a company car in a car-pool, they do not have to pay PAYE, PRSI and USC on this benefit. A car-pool exists …
Summary of Tax Treatment of RSUs
Restricted Stock Units We are seeing more and more employees getting offered RSUs as part of their Salary Package and many are unsure of the tax consequences. In the majority of cases there will be both an Income Tax liability and a CGT liability. What …
The Benefits of Outsourcing Your Finance Function
In most cases business owners do not go into business to be a trained finance professional, overseeing the books. Outsourcing your finance function provides business owners with more time to focus on other areas of the business, such as growing the business and company strategy. …
Irish VAT due to Increase to 23%
The Standard Rate of Irish VAT is due to increase to 23% with effect from March 1st 2021. The rate had been reduced to 21% for a six month period from 1 September 2020 to 28 February 2021. The Minister for Finance has recently indicated …
2020 Personal Tax Return Checklist
Period 1 January 2020 to 31 December 2020. We have created a tax checklist to help you with your personal tax returns. Tax Returns and Tax Payments due for submission on or before 31 October 2021. Click below to avail of this Personal Tax Return …
Managing Debt Finance in Current Times
The effects of Covid-19 have been dramatic for Irish businesses, and it is crucial that leveraged businesses actively engage with their lenders to prepare for the end of government supports and bank forbearance. Where Are We? It has been almost a year since the onset …
Common Tax Rates & Bands 2020 and 2021
Common Tax Rates & Bands 2020 and 2021 Nearly all income is liable to tax. Tax on income that you earn from employment is deducted from your wages by your employer on behalf of Revenue. This is known as Pay As You Earn (PAYE). The …
Tax Debt Warehousing Scheme Extension
Tax Debt Warehousing Scheme Extension. Budget 2021 saw the enhancement of the Tax Debt Warehousing scheme. The Tax Debt Warehousing Scheme now will be extended to include Temporary Wage Subsidy Scheme repayments owed by employers, income tax for 2019 and preliminary tax obligations for adversely …
