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Interesting articles updated daily
Auto-Enrolment: A New Pension Scheme
Starting January 2025, a new pension savings scheme called Auto-enrolment will be introduced in Ireland. This initiative is designed to enhance retirement savings for employees who are not currently contributing to a pension plan. Here’s what you need to know about Auto-enrolment and how it …
When is there no BIK on a Company Car?
Understanding when Benefit-in-Kind (BIK) tax does not apply can help optimiSe the use of company-provided vehicles and potentially save on taxes. This article explores scenarios where BIK is not applicable, including the use of car-pools and electric vehicles, and outlines the specific conditions and exemptions …
What Expenses Can you Deduct as a Sole Trader?
When calculating the profit for your business, you may be able to claim a deduction for expenses incurred. Expenses are claimed through the Revenue Online Service (ROS) on Form 11. …
Revenue’s Business Division Level 1 Compliance Project
Revenue has announced the launch of a Level 1 bulk compliance project targeting two specific taxpayer cohorts based on their 2022 income tax returns. In the coming weeks, affected taxpayers will receive letters asking them to review and amend their returns if necessary. …
Your Complete Guide to Irish VAT Rates for Easier Returns
Navigating the world of Value Added Tax (VAT) is a fundamental aspect of business operations worldwide. While the concept of VAT seems straightforward - adding tax to goods and services - the reality is often more complex. Businesses face challenges in determining the correct VAT …
When is your Tax Clearance Certificate Withdrawn ?
A Tax Clearance Certificate is confirmation from Revenue that your tax affairs are in order. This section outlines the different circumstances where you will need a Tax Clearance Certificate. …