Update on TWSS employee tax issues Revenue provided some clarifications relevant to employees receiving payments under the Temporary Wage Subsidy Scheme (TWSS), during the ITI/Revenue webinar this week. Adjustment to employee tax credits to collect tax due on the TWSS: The adjustment to employee tax credits to collect tax due on the TWSS will be […]
Registration for EWSS is now available on Revenue On-Line. If you plan on availing of the Employment Wage Subsidy Scheme you need to register in advance. The process is straight forward. – Logon to ROS, Go to ‘Manage Tax Registrations’ – Scroll down to ‘Employment Wage Subsidy Scheme’ and select ‘Register’ – Confirm the declaration […]
On the 30th of July last the Companies (Miscellaneous Provisions) (COVID-19) Bill 2020 passed all stages through Dail Eireann and became law on Saturday the 1st of August 2020 when it was signed into law by the President. The new law can be cited as the Companies (Miscellaneous Provisions) (COVID-19) Act 2020. Principal features of the Act […]
Read More… from Companies (Miscellaneous Provisions) (COVID-19) Act 2020
Now that the legislation to enact the July Jobs Stimulus package has been passed into law, Revenue has now issued a press release with further details on the tax measures announced including:- Measures to assist businesses in dealing with tax debt Debt Warehousing of certain PAYE (Employer) and VAT debts. Reduced interest rate for outstanding […]
Legislative footing for the debt warehousing scheme, announced on 2 May 2020, is now enacted. In addition, Revenue published ane Information booklet on: Warehousing of tax debts associated with COVID-19 and reduced interest rate on other tax debts, during the week. The debt warehousing scheme provides for the ‘warehousing’ of PAYE (Employer) and VAT debts […]
Issue 3 of our quarterly newsletter is now available HERE This issue covers the following topics: Pensions during the pandemic Jobs stimulus package Deciding on the future of your business Selling online and the usual tax, business and legal briefs updates Please enjoy the publication and feel free to contact us should you have any queries. […]
On 23 July 2020 the government announced the Employment Wage Subsidy Scheme (EWSS). This will replace the TWSS from 1 September. While the legislation to enact the EWSS has not been brought into law at this time, it is expected to operate as follows: Qualification Criteria for Employers – Business will experience a 30% reduction in […]
Attached is a summary of the stimulus package of measures announced yesterday. We eagerly await the legislation to enact these measures which will provide more clarity. July Stimulus 2020 (427 KB) […]
Revenue have now issued version 17 of the FAQ’s in relation to the guidance on the operational phase of the Temporary Wage Subsidy Scheme. The latest update clarifies the treatment of a re-hire where they are hired mid-month and the payroll is not a weekly payroll. In addition there is further guidance where an employee […]
Revenue have confirmed that the deferred LPT Direct Debit Payments for 2020 will now be deducted on 21 July 2020. […]
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