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Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

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Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

VAT on imports from UK from 1st January 2021

VAT on imports from UK from 1st January 2021

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…

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How will PUP and TWSS payments be taxed ?

How will PUP and TWSS payments be taxed ?

Taxation of Temporary Wage Subsidy Scheme (TWSS) and Pandemic Unemployment Payments (PUP) for PAYE Tax-payers The TWSS payments are subject to Income Tax and USC.  Pandemic Unemployment Payments are subject to Income tax. 1. To view your tax position at the end of the year employees can access their Preliminary End of Year Statement on…

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Taxation of PUP and TWSS payments

Taxation of PUP and TWSS payments

Taxation of payments received under the Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment Most income is liable to income tax and USC (Universal Social Charge) and is deducted in real-time when an employee is paid by their employer. However, TWSS and PUP payments were not taxed in real-time and instead are liable to income…

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