Taxpayers who have availed of the Debt Warehousing Scheme (DWS) have until 1 May next to engage with Revenue to ensure that they remain eligible to avail of the scheme. What is DWS? The DWS was established at the start of the pandemic and it allowed taxpayers to defer payment of taxes until activity levels […]
TAX DEBT WAREHOUSING – 1 MAY DEADLINE FAST APPROACHING Read More »
Budget 2024 proposes some changes to VAT and Excise Duty as follows: VAT Increase in VAT Registration Thresholds The existing VAT registration thresholds are being increased. From 1st January 2024 the VAT registration thresholds will be €40,000 for services and €80,000 for goods. VAT scheme for unregistered farmers The flat-rate scheme compensates unregistered farmers on
BUDGET 2024 – INDIRECT TAXES Read More »
The reduced 9% VAT rate for tourism, hospitality and some other services will expire at midnight on 31st August 2023 and return to 13.5%. The 13.5% rate was lowered to 9% in November 2020 to help stimulate activity in the tourism and hospitality sectors during the pandemic. This reduced rate was due to revert back
VAT RATE FOR TOURISM AND HOSPITALITY RETURNS TO 13.5% FROM MIDNIGHT Read More »
