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DO YOU KNOW WHAT TAXES AWAITS YOU FOR 2023?
It's time to prepare the annual return and avoid surprises!

We remind you that self-employers' annual return for 2023 must be submitted and all taxes must be paid by October 31. Be prepared at all times and know what awaits you.
Prepare your annual return and tax payment plan now - save money and time! PROFESSIONAL ACCOUNTANCY SERVICES ALL IRELAND.
Get in touch now: email us at [email protected] or call us on 087 7031241.

COVID-19 UPDATE:

Buvo skleidžiama neteisinga informacija, jog norint gauti COVID-19 mokėjimą €350 iš Socialinio departamento, darbininkas turėjo būti atleistas iš darbo. Darbininkai, kurie nebuvo atleisti iš darbo, taip pat gauna šiuos mokėjimus. Tačiau šie mokėjimai bus mokami tik 12-a savaičių.

Tuo tarpu Mokesčių Inspekcijos Covid-19 mokėjimai planuojami mokėti iki karantino pabaigos.

Visi darbininkai, kurie buvo atleisti iš darbo, negalės gauti Covid-19 mokėjimų, mokamų per darbdavį, pasibaigus 12-os savaičių laikotarpiui. O darbininkai, kurie liko įdarbinti, jiems šie mokėjimai liko prieinami. Norint po 12-os savaičių gauti šiuos mokėjimus, atleisti darbininkai PRIVALO būti priimti atgal į darbą iki šio penktadienio vakaro (algų mokėti nereikia). Šį penktadienį Mokesčių Inspekcija sugeneruos visa informacija, kuri nebus keičiama. Darbininkai, kurie nebus šiame sąraše, negalės gauti Covid-19 mokėjimų, pasibaigus 12-os savaičių laikotarpiui.

P.s. Darbininkai, kurie bus iš naujo priimti į darbą, gali ir toliau gauti Covid-19 mokėjimus iš Socialinio departamento. Šie mokėjimai bus mokami 12 savaičių arba iki pirmos algos.

Šita žinutė yra tik informacinio pobūdžio.

Temporary COVID-19 Wage Subsidy SchemeGeneral Information

The Government announced new measures to provide financial support to Irish workers affected by the Covid-19 crisis. As part of these measures, Revenue will operate a Temporary Wage Subsidy Scheme. The scheme, enables employees, whose employers are affected by the pandemic, to receive significant supports directly from their employer. The scheme will run for 12 weeks from 26 March 2020. Draft legislation governing the scheme will be published shortly.The operation of the Temporary Wage Subsidy Scheme will be available to employers who keep employees on the payroll throughout the COVID-19 pandemic, meaning employers can retain links with employees for when business picks up after the crisis. Additionally, the operation of the scheme will reduce the burden on the Department of Employment Affairs and Social Protection (DEASP) which is dealing with the other Covid-19 related payments.
Employers are encouraged to facilitate employees by operating the scheme, by retaining employees on their books and by making best efforts to maintain a significant, or 100% income, for the period of the scheme.

Key Features of the scheme
Replaces the previous COVID-19 Refund Scheme.
Initially, and from 26 March 2020, the subsidy scheme will refund employers UP to a maximum of €410 per each qualifying employee.
However, employers should pay no more than the normal take home pay of the employee.
The subsidy scheme applies to employers who top up employees’ wages and those that aren’t in a position to do so.
Employers make this special support payment to their employees through their normal payroll process.
Employers will then be reimbursed for amounts paid to employees and notified to Revenue via the payroll process.
The reimbursement will, in general, be made within two working days after receipt of the payroll submission.
In April, the scheme will move to a subsidy payment based on 70% of the weekly average take home pay for each employee up to a maximum of €410*.
Income tax and USC will not be applied to the subsidy payment through the payroll.
Employee PRSI will not apply to the subsidy or any top up payment by the employer.Employers PRSI will not apply to the subsidy will be reduced from 10.5% to 0.5% on the top up payment.
* (details on this will be made available by Revenue in due course).

Who does the scheme apply to?
The Scheme is available to employers from all sectors (excluding the public service and non-commercial semi-state sector) whose business activities are being adversely impacted by the COVID-19 pandemic. The scheme is available for employers who retain staff on payroll; some of the staff may be temporarily not working or some may be on reduced hours and/or reduced pay. Provided the employer meets the conditions set out below and subject to the levels of pay to the employees the employer may be eligible for the scheme for some or all of the employees.
To qualify for the scheme, employers must:
be experiencing significant negative economic disruption due to Covid-19
be able to demonstrate, to the satisfaction of Revenue, a minimum of a 25% decline in turnover
be unable to pay normal wages and normal outgoings fully retain their employees on the payroll.
The Scheme is confined to employees who were on the employer’s payroll as at 29 February 2020, and for whom a payroll submission has already been made to Revenue in the period from 1 February 2020 to 15 March 2020.
The names of all employers operating this scheme will be published on Revenue’s website in due course, after the scheme has expired.
Income tax, USC, LPT, if applicable, and PRSI are not deducted from the Temporary Wage Subsidy. However, the Subsidy will be liable to Income Tax and USC on review at the end of the year.
In many cases the payment of the Temporary Wage Subsidy and any additional income paid by the employer will result in the refund of Income Tax or USC already paid by the employee. Any Income Tax and USC refunds that arise as a result of the application of tax credits and rate bands can be repaid by the employer and Revenue will also refund this amount to the employer.
Employers must not operate this scheme for any employee who is making a claim for duplicate support (e.g. Pandemic Unemployment Payment) from the DEASP. Based on the information provided in payroll submissions and adherence to the maximum limits, described above, Revenue will credit employers with the temporary wage subsidy paid to each employee.
Penalties will apply to any abuse of the Subsidy Scheme by self-declaring incorrectly, not providing funds to employees or non-adherence to Revenue, and any other relevant, guidelines.

Revenue changes date for payment of Local Property Tax (LPT) to 21 May

Revenue issued key guidance to property owners who are due to pay Local Property Tax (LPT) on 21 March 2020.

For property owners who opted to pay their LPT for 2020 by Annual Debit Instruction or Single Debit Authority payment, the deduction date will change from 21 March 2020 to 21 May 2020.

Property owners who have opted to make a payment by Annual Debit Instruction or Single Debit Authority do not need to advise Revenue or take any action. The payment date will be changed automatically to 21 May 2020.

Information to Employers WHO make COVID Pandemic Unemployment Payment to their Employees

Employers are encouraged to facilitate employees by operating the scheme. The amounts paid to employees and notified to Revenue will then be transferred into the employer’s bank account by Revenue. This reimbursement will, in general, be made on a ‘next day’ basis. It will ensure a speedy payment process for employees and minimize the hardship for employees who are temporarily laid off. Refunds of income
tax or USC that an employee may be entitled to because of being laid off will also be administered by the employer, and will be repaid (to the employer) through the scheme.

The scheme can be operated for all employees for whom a payroll submission was made by the employer in the period from 1 February 2020 to 15 March 2020. Where employees have already been laid off and their employer has ceased their employment, they can apply directly to DEASP for the payment.

The scheme applies to:

*Employers who have temporarily laid off staff as a result of the impact on their business of the COVID-19 (Coronavirus) pandemic

*Employers that keep their staff on payroll and have not ceased the employee(s) with Revenue

*Employees for whom a payroll submission was made by the employer in the period from 1 February 2020 to 15 March 2020

*Employers that are unable to make top-up payments over and above the emergency payment of €203 per week.

Stay Safe!

A new COVID-19 Pandemic Unemployment Payment has been introduced to all employees and the self-employed who have lost employment due to a downturn in economic activity caused by the Covid-19 pandemic.

In order to receive the payment You will need to fill out a simple form and send it by free-post to PO BOX 12896, Dublin 1.

There is a link below with all the information, instructions and the form ( also attached) below:

https://www.gov.ie/en/service/be74d3-covid-19-pandemic-unemployment-payment/?fbclid=IwAR3EfiL2hRnvCUKwW1hEilETLfjvdojNZsRdekg-kESCHQsCQiSHrlpIw4Y -to-qualify

Stay at Home! Stay Safe!
Spread the Love, not the virus!

Gov.ie - COVID-19 Pandemic Unemployment Payment A payment to support employees and self-employed people who are unemployed or who have their hours of work reduced during the COVID-19 (Coronavirus) pandemic.