Budget Briefing 2023
Budget 2023 – The Cost-of-Living Budget The Coalition Government today, 27 September 2022, announced a Budget package of €11 billion which aims to alleviate the cost-of-living crisis and the threat to jobs from the surge in energy costs as well as managing the long-term challenges of housing, health, education, and climate. Budget Package The Budget […]
Commission on Taxation and Welfare Summary of Recommendations
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 […]
Finance Act 2021
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 Briefing 2022
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 Alternative Budget 2022 – Whatever happens tomorrow taxes are likely to be higher under Sinn Fein
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 […]
Watch List for Possible Tax Changes in Budget 2022
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 […]
The common tax mistakes all businesses should avoid
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 […]
ESRI Report on Options for Raising Tax Revenues in Ireland
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.
Finance Act 2020
We are pleased to provide our comprehensive commentary on Finance Act 2020 which was signed into law by the President on 19 December 2020.
Revenue Guidance-Covid 19 and Tax Residency
Revenue Guidance-Covid 19 and Tax Residency, cross border relief, SARP and PAYE Exclusion Orders. Click here to download…..
Budget Briefing 2021
A Budget Like No Other Overshadowed by Covid-19 and Brexit and with a backdrop of a Budget deficit of €21.5 billion for 2020 and a forecasted deficit of €20.5 billion for 2021, the Coalition Government today, 13 October 2020, announced the biggest ever Budget package of €17.75 billion. The key tax changes are as follows: […]
Tax Tables 2020
The must have PMQ Tax Tables 2020 are now available. If you would like a physical copy contact us at pmq@pmqtax.com.
Key Employee Engagement Programme (KEEP)
KEEP was introduced to help SMEs attract and retain key talent. It does so by making it tax efficient to issue share options to employees. When initially introduced the scheme was very well received in a sector that struggles to compete with the pay packages offered by larger organisations. However, due to its limitations and […]
