PPS Numbers: A Guide for Irish Directors
New regulations came into effect on June 11th, 2023. They impact company directors in Ireland. Directors must now provide their Personal Public Service (PPS) numbers. This is required when filing certain forms with the Companies Registration Office (CRO). The aim is to verify identities. This confirms that the director is a real person. We will […]
SCARP
Small Companies Administrative Rescue Process: A Lifeline for Struggling Businesses Introduction: The Small Companies Administrative Rescue Process ( SCARP) is a lifeline. It’s a tool for small and micro companies facing financial difficulties. Introduced by the government, it offers a chance for rescue and recovery. In this post, we’ll explore SCARP’s key features, eligibility, and benefits. […]
Majority of taxpayers fail to claim refund for medical expenses
To complete a tax return, taxpayers must create or sign into their Revenue myAccount before clicking “Review your tax” and requesting a Statement of Liability which can be requested for 2019 to 2022. TUE, 21 MAR, 2023 – 00:09 JACK WHITE More than six out of 10 taxpayers have never claimed a tax refund on […]
Call for tax breaks as leaders consider extending eviction ban
Increased funding, wraparound services, and targeted measures to tackle homelessness are also under consideration. MON, 06 MAR, 2023 – 02:00 CIARA PHELAN, POLITICAL CORRESPONDENT Coalition leaders have been told to consider new taxation benefits for small landlords if the ban on evictions is extended beyond the end of March. Leo Varadkar, Micheál Martin, and Eamon […]
Economy to grow faster than expected but consumers will still feel price pinch, says Ibec
Ireland’s ‘mood music’ is lighter but households are still under pressure as 71% of firms pass cost increases on to customers The Irish economy is set to grow faster than expected this year, but households and businesses could face more price pressures, according to Ibec. In its latest economic outlook, Ibec forecasts the economy will […]
Just 25% of renters have claimed new rent tax credit – Revenue
120,000 renters have sought the new rent tax credit, despite the Government estimating that around 400,000 people should be able to Just a quarter of those who it is thought are entitled to the new rent tax credit have so far claimed it. Data release by Revenue today shows 120,000 renters have sought the credit, […]
Over 300,000 have yet to claim new tax credit for renters
ONLY a fraction of the number of people who are eligible for the new rent credit have claimed. Just 78,000 renters have so far claimed the credit that was announced in the last Budget. The Government has estimated that some 400,000 people are eligible to claim it. It is worth up to €500 per individual […]
Revenue update for PAYE Taxpayers – 370,000 2022 returns processed
Yesterday (23/01/2023), Revenue published a range of statistics on PAYE for 2022. In addition to publishing information on 2022 Income Tax returns which have already been submitted to Revenue, statistics are also provided in relation to the end of year tax position for PAYE taxpayers who have yet to file a return. Commenting on income […]
Employment at Enterprise Ireland backed firms rose 5% last year
Over two thirds of the new positions in EI supported firms were outside of Dublin Updated / Tuesday, 10 Jan 2023 20:35 The number of people employed at firms backed by Enterprise Ireland (EI) rose 5% last year to 218,178, despite the difficult trading environment. It said 10,841 net new roles were created over the […]
Renters may miss out on ‘cumbersome’ new €500 tax credit
Renters can claim a tax credit of up to €500 January 04 2023 09:10 AM Renters may miss out on the new €500 tax credit as the process is “quite cumbersome”, according to one tax expert. Revenue has announced that people will have to wait until mid-February to claim the new tax credit announced in […]