In July 2020 the Government announced a stimulus package including a a six month reduction of the standard rate of VAT to 21% from 1 September 2020. That six month period is expiring on 28 February 2021 and the standard rate of VAT will revert to 23%. You should ensure that your systems are updated […]
Our managing director, John Mac Nally, provides some practical tax advice on reliefs available for business owners who are retiring at a recent webinar with Investwise Financial Planning Limited You can view this webinar at […]
The Government has extended Higher Rates for the Employment Wage Subsidy Scheme until March 31st View more […]
Our offices will be closed from 16.00 Wednesday 23 December 2020 until 09.00 Monday 4 January 2021. If you need to contact us over the holiday period, please contact your normal FMB contact via email or info@fmb.ie. The directors and staff of FMB would like to wish you all a very Merry Christmas and a […]
Our final newsletter of 2020 is available to download for free from the newsletter section of our website CLICK HERE. This edition covers the following topics – brexit effects – finance bill 2020 – deciding on the future of your business – cyber security vs. cyber resilience – along with the usual tax, business and legal […]
Revenue has commenced writing to taxpayers regarding the warehousing of qualifying tax debt arising as a result of the impact of Covid-19. These letters are being issued to the taxpayers ROS inbox only. A copy of this letter is not sent to your tax agent. […]
Covid Restrictions Support Scheme (CRSS) The Covid Restrictions Support Scheme (CRSS) announced on Budget day provides targeted support to businesses that are forced to close temporarily or operate at a significantly reduced level because of COVID-19 public health restrictions that either prohibit, or significantly restrict, customers from accessing their business premises. Generally, this refers to […]
Read More… from Details of Covid Restrictions Support Scheme (CRSS) published in Finance Bill 2020
Our budget 2021 summary can be downloaded here Budget 2021 (895 KB) […]
Revenue today confirmed that certain proprietary directors can claim EWSS from 1 September. Details on the Revenue website […]
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 […]
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