Example of how Home renovation incentive works Mr Smith paid a VAT registered and tax compliant plasterer €3,000 (excluding VAT) for plastering work and also paid a VAT registered and tax compliant painter €2,050 (excluding VAT) for internal and external painting work on her home/rental property. The work was carried out in 2017 and payments…
Tax relief for new start up companies If you have started a new company, you may be able to apply for tax relief for start-up companies. This tax relief, also known as Section 486C tax relief, is a reduction of your Corporation Tax (CT) for the first three years you trade. The relief can be applied to…
What income is exempt from universal social charge (USC) The following payments are exempt from USC: all payments received from the Department of Employment Affairs and Social Protection (DEASP) payments that are similar to DEASP payments, but paid by another body Your income will be exempt from USC if it is less than €13,000 income on…
