We are pleased to provide our comprehensive commentary on Finance Act 2021 which was signed into law by the President on 21 December 2021.
Budget aimed at addressing rising inflation Against a backdrop of €240 billion of borrowings and with forecasted additional tax receipts for 2021 of €5.635 billion, the Coalition Government today, 12 October 2021, announced a Budget with the following limited tax changes: Business Taxes/ Incentives Corporation Tax The Irish corporation tax rate of 12.5% has been […]
Sinn Fein Budget Proposals Tax Revenue Remove tax credits on a tapered basis on individual incomes above €100,000 Introduce a 3% solidarity tax on individual incomes above €140,000 Abolish the Special Assignee Relief Programme Introduce a 40% CGT rate on individual incomes above €500,000 Increase CAT rate to 36% & reduce Group A Threshold to […]
The Tax Strategy Group (TSG) is an interdepartmental committee with membership from leading government departments and the Revenue Commissioners. Its purpose is to provide options for consideration in the context of the budget in the medium and long term. The 2021 TSG papers have been published and although the TSG is not a decision-making body […]
Attached is a link to an excellent article written by our colleague Jane O’Hanlon on how a business can keep a clean sheet with the taxman and avoid surprises if the Revenue knock on your door. The article is written in layman terms and aimed at the non tax expert. It is short and well […]