Irish Tax Institute welcomes a Budget that supports Business and protects Jobs in uncertain times
13 October 2020 – The Irish Tax Institute welcomes the continued support that Budget 2021 gives to businesses and employees most impacted by the pandemic. In particular, the Institute welcomes the recognition by the Minister for Finance of the predicament of the self-employed who are unable to meet their current income tax liabilities. Institute President, Sandra Clarke said the Minister’s inclusion of these liabilities in the debt warehousing scheme would […]
An interview with our new President, Sandra Clarke
Shortly before taking up her role as President of the Institute, Sandra Clarke talked to Sunday Independent Business Editor, Samantha McCaughren about her background in tax, her work at the Institute, and the areas she will be focusing on during her presidency. The interview inaugurates Tax Talk, the Institute’s new podcast series which explores current issues in the world of taxation. Tax Talk – Irish Tax Institute · Tax […]
Tax Debt Warehousing and Interest Suspension Arrangements
On 7 May 2020, Revenue issued a press release with updated information on the suspension of interest and further details on the tax debt warehousing arrangement that was announced by the Government on 2 May. Interest Suspension The charging of interest on late payments is suspended automatically for SMEs with annual turnover of less than €3 million (i.e. businesses which are managed by Revenue’s Business Division) for: May and June […]
Irish Tax Institute welcomes targeted tax measures to protect jobs and support recovery in the SME sector
The Irish Tax Institute welcomes the Jobs Stimulus measures announced by the government this afternoon. The overall investment package of more than €7 billion will save jobs by providing a vital boost to businesses forced to close or severely curtail their trade since the pandemic restrictions were introduced five months ago. Institute President, Frank Mitchell particularly welcomed the clarity provided in the announcement about the future of the Temporary Wage […]
ITI Students to sit Exams online
In line with public health advice and in order to protect the health and wellbeing of our students, the Irish Tax Institute has decided that CTA and Tax Technician exams, due to take place in August, will now be completed online. The Institute is delighted to announce that it will use a world leading platform that will enable students to sit their exams in safety from a remote location while […]
Employees: New Developments in Revenue’s PAYE Services
This bulletin covers the new employee-focused developments on Revenue’s myAccount service. PAYE taxpayers can now access details of their total pay and statutory deductions for 2019 and view Revenue’s preliminary calculation of their tax position for the year. We explain below some of the new terminology and documentation, address basic questions employees may have on these developments and include some relevant screenshots from myAccount. Terminology and Documentation – What you […]