Covid-19 related VAT & PAYE/PRSI tax debts a) COVID-19 related VAT and Payroll tax debts, due from 1 March 2020 to the date when sectoral restrictions are lifted, will be parked for a period of 12 months b) no interest will accrue on the tax debts during the 12 month period c) thereafter, the COVID-19…

Read More Read More

Is the covid wage subsidy taxable on employees ? The payments are liable to income tax; however, the subsidy is not taxable in real-time through the PAYE system during the period of the Subsidy scheme. Instead the employee will be liable for tax on the subsidy amount paid to them by their employer by way…

Read More Read More