Budget Summary 2023
These are the key tax measures in the Budget Statement by the Minister for Finance on 27 September 2022. …
Retirement Relief
If you are 55 or older, you might be able to claim Retirement Relief. This is a relief on Capital Gains Tax when disposing of any part of your business or farming assets. …
Why is my Employee on Emergency Tax?
Emergency tax is the higher rate tax basis that your employer must apply to your earnings when it is not clear what tax band you should be in. …
Artists/ Music Tax Exemption
Income you earn from the sale of your artistic works may be exempt from Income Tax in certain circumstances. …
Subcontracting R&D Activity
There are two situations where relief is available to a company that has not carried out all of the qualifying R&D itself. …
Research & Development Tax Credits
Money spent by a company on research and development activities may qualify for the R&D Tax Credit. The credit is calculated at 25% of qualifying expenditure and is used to reduce a company’s Corporation Tax (CT). Where a company has offset current and previous years’ CT liabilities, …
Help to Buy Scheme and Tax Refunds
The Help to Buy (HTB) scheme is an incentive for first-time property purchasers. It can help you with the deposit you need to purchase or self-build a new house or apartment. You must purchase or self-build the property to live in as your home. …
Income Tax Pay & File Extension Date – 2022
The Government today announced a further loan scheme to help SMEs access low-cost finance, recognising that many of them are still getting back on their feet after what has been an incredibly challenging few years. …
Is there any Differences between Director Fees and Director Salaries?
From a tax perspective in Ireland the answers is no, and must be treated in the exact same manner. Payment of Director Fees Fees paid to directors in their capacity as office holders, are chargeable to tax under Schedule E and subject to deductions at …