Seasonal virtual parties Due to Covid 19 restrictions where normal staff celebrations are not possible, revenue are allowing for the cost of holding virtual parties incurred by employers for their staff as outlined below A BIK or tax charge will not arise where an employer incurs reasonable costs in hosting a virtual seasonal party for…
Foreign Earnings Deduction If you are tax resident in Ireland for tax purposes, but spend some time working abroad, you may be able to claim FED. There are certain conditions that you must meet in order to qualify. If you work abroad during the tax year you may qualify for FED. In order to qualify…
VAT on imports from UK from 1st January 2021 ? Goods that are acquired from outside the European Union by accountable persons are treated as imports Therefore, as and from 1st January 2021, goods purchased from Great Britain and brought into Ireland will be treated as imports. Postponed Accounting arrangements enable an accountable person to…
