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 […]
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 […]
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 […]
The government’s Housing for All Plan contained a proposal to introduce a new tax in order to incentivise the development of land that is serviced and zoned for residential use or mixed use to facilitate the increase of new housing supply. This tax was subsequently enacted and is known as the Residential Zoned Land Tax […]
We attach a summary of the principal recommendations of the Commission on Taxation and Welfare. The Commission did not recommend the introduction of a single wealth tax but instead opted to recommend significant increases in the tax yield from wealth and property. Although some of the recommendations were dismissed by An Tánaiste, as being from […]
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 Economic and Social Research Institute (ESRI) recently published a paper which outlines various options to increase future tax revenues and the economic and social impact of each policy.
Revenue Guidance-Covid 19 and Tax Residency, cross border relief, SARP and PAYE Exclusion Orders. Click here to download…..
Covid-19 In line with Government guidelines, the PMQ team are encouraged to work remotely. We will be doing our part to stop the spread of Covid-19 while keeping operations going and providing the same level of service to all our clients. Thanks to our IT infrastructure, we can all work remotely and provide the same level of client service. Although […]
Former CPA Ireland President Brian Purcell, interviewed by Sky News on the topic of pre-election taxation analysis for business's in Ireland https://youtu.be/j4EMtct5kxs
Some say Sinn Féin’s tax proposals are radical….others unsustainable. Have a read for yourselves.
When a sportsperson retires they may be entitled to a tax refund. The refund is calculated by granting a 40% tax deduction against qualifying income for any 10 of the previous 15 years. For example, a sportsperson who earned €100,000 per annum in each of the previous 15 years could be entitled to a tax […]
On 27 December 2018, Revenue issued an eBrief advising of a change in Revenue practice on the VAT rate applicable on sales of certain food supplements. The eBrief advised the VAT rate was to be increased to 23% from 0% with effect from 1 March 2019, effectively withdrawing a concession that had been long standing. […]