Value Added Tax (VAT) is a tax that is levied on the sale of most goods and services in Ireland. Listed below are the current VAT rates in Ireland in 2021 . The standard rate of VAT. The standard VAT rate in Ireland from March 1st 2021 is 23% In September 2020, the standard rate of VAT […]
Continue reading…
Capital Acquisitions Tax (CAT) is sometimes also known as Inheritance Tax in Ireland. CAT is a tax charged on money or property that is gifted to, or inherited by, someone. Some people refer to it as the Gift Tax.The recipient is responsible for the tax on the gift or inheritance. This is different to the […]
Continue reading…
Is The Pandemic Unemployment Payment Taxable? Yes, Revenue has confirmed that it will treat the PUP Pandemic Unemployment Payment as taxable income . Jobseekers Benefit is taxable and has been for years. We expect the taxation of the Covid unemployment payment to be done in a similar way. PUP is NOT liable to USC or […]
Continue reading…
In Ireland, the government charge a tax on the interest you receive on savings accounts in Ireland.This tax is known as Deposit Interest Retention Tax or DIRT for short. Since January 1st 2020 the rate of DIRT is 33% Banks deduct DIRT automatically from the interest paid on all deposit accounts held by Irish-residents.Most State […]
Continue reading…
A new Home Renovation Incentive Scheme was announced in Budget 2014. It ended in Decmeber 2018 This is a tax relief scheme which will run from 25th October 2013 to 31st December 2018. (It was originally supposed to start in Jan 2014 but was bought forward to stop owners delaying work starting) . The Scheme […]
Continue reading…