News & Updates

Revenue Penalties for not Reporting Employee Expenses

Since 1 January 2024 employers have been required to report to Revenue with details of certain tax-free expenses and benefits paid to employees.  Specifically, any payments made directly to employees in respect of: •           Travel and subsistence •           Small benefit exemption •           Remote working daily allowances are required to be reported to Revenue on or […]

Tax Tables 2024

The must have PMQ Tax Tables 2024 are now available.   If you would like a physical copy contact us at pmq@pmqtax.com.

Retirement Relief

Transfers of Family Businesses to the Next Generation Background Retirement Relief could eliminate your capital gains tax liability when transferring your family business/ farm or shares in your family company (family business) to your children. Full relief is currently available on transfers subject to certain conditions if you are aged between 55 – 65. The […]

Thinking of Moving to Ireland?

An English speaking country neighbouring the UK, Ireland offers many advantages for individuals who wish to relocate from the UK and maintain access to the European Union. In Ireland, an individual’s residency and domicile determine their liability to income tax.  Individuals who are Irish resident and domiciled will be liable to tax on their worldwide […]

Maximise Tax Reliefs on Transferring the Family Business before they Change

Retirement Relief can provide for an exemption from capital gains tax (CGT)  on the transfer by a parent aged 55 and over of the family business to their children.  For 2024, there can be a full exemption from CGT where the parent is aged between 55 to 65.  Where the parent is aged 66 and […]

Tax Free Payments to Employees New Reporting Requirements

Despite employer resistance and lobbying by the professional bodies Revenue seem to be proceeding with the introduction of employer reporting of the payment of expenses and small benefits to employees with effect from 1 January 2024.  The measure was introduced in Finance Act 2022 and was subject to a commencement order to give time for […]

Contractors in the Gig Economy – Supreme Court Ruling

The Supreme Court delivered its decision in the Domino’s Pizza delivery case and by a unanimous decision found that the delivery drivers were employees and PAYE should have been deducted on the payments made to the delivery drivers. Although the Supreme Court decision has not changed tax law and was based on the particular circumstances […]

Budget Briefing 2024

Budget 2024 – An Abundance of Tax Changes The penultimate pre-election budget contains a myriad of tax changes that impact businesses. Against a backdrop of corporation tax receipts which are forecast at €23.5 billion for the full year 2023 (€750 million below previous forecasts), two new funds have been put in place to secure the […]

Sinn Fein Budget 2024 Proposals

Before the Minister for Finance presents his Budget tomorrow, it is always interesting to look at the alternative budget as published by Sinn Fein. The one certainty is that taxes will increase for those who are considered wealthy and those with higher incomes. Their proposals include a 3% tax on income over €140,000 and a […]

Vacant Homes Tax

Revenue have recently issued guidelines on the Vacant Homes Tax (VHT) which was introduced to encourage vacant homes to be put to use to alleviate the housing crisis.  The tax first applies for the period from 1 November 2022 to 31 October 2023.  The filing date for the return is 7 November 2023 and payment […]

Patron 2023 Clontarf GAA Club

Our colleague Jane O’Hanlon receiving certificate for Purcell McQuillan

Finance Act 2022

We are pleased to provide our comprehensive commentary on Finance Act 2022 which was signed into law by the President on 15 December 2022.

Tax Tables 2023

The must have PMQ Tax Tables 2023 are now available.   If you would like a physical copy contact us at pmq@pmqtax.com.

Temporary Retrospective Changes to BIK on Vehicles

Yesterday the government announced temporary retrospective changes to how Benefit-in-Kind (“BIK”) is charged on company cars and vans.  The change comes further to the backlash the government received as people faced BIK increases in their tax liability associated with the change in the BIK rules to one based on the CO2 emissions of the cars. The change […]