Revenue confirm Debt Warehousing Scheme still in operation as businesses reopen
Revenue confirm Debt Warehousing Scheme still in operation as businesses reopen In line with the Government’s path ahead for the easing of public health restrictions, businesses are now reopening on a phased basis. Today (26/5/21) Revenue reminded businesses who have recently, or will shortly, resume trading that the Debt Warehousing Scheme is still in operation and […]
Revenue eBrief No.109/21 – Charities VAT Compensation Scheme – reminder of closing date for submission of claims
Revenue eBrief No. 109/21 26 May 2021 Charities VAT Compensation Scheme – reminder of closing date for submission of claims The Charities VAT Compensation Scheme aims to reduce the VAT burden on charities and to partially compensate them for VAT paid in the day to day running of their organisations. Revenue is at present accepting claims […]
Revenue eBrief No.108/21 – Ship's Stores Manual
Revenue eBrief No. 108/21 21 May 2021 Ship’s Stores Manual The Ships Stores Manual has been updated to provide further clarification, in light of Brexit, on the declarations required by Revenue from vessels arriving into the State and the required control measures for dutiable products delivered to vessels as ship’s stores and to make minor amendments […]
Revenue seize 1.5 million cigarettes in Newcastle, Co Dublin
Revenue seize 1.5 million cigarettes in Newcastle, Co Dublin Yesterday (20/05/21), Revenue officers seized 1.5 million illicit cigarettes following a search, under warrant, at a business premises in Newcastle, Co Dublin. The seizure was made following an intelligence led, joint operation, carried out by Revenue’s Customs Service and Her Majesty’s Revenue and Customs (HMRC) under […]
Revenue eBrief No.107/21 – Exemption from Income Tax in respect of certain payments made under Employment Law
Revenue eBrief No. 107/21 19 May 2021 Exemption from Income Tax in respect of certain payments made under Employment Law Tax and Duty Manual Part 07-01-27 – Exemption from Income Tax in respect of certain payments made under Employment Law – has been updated to include additional guidance on out of court settlements.
Revenue seize cocaine worth €812,000 in Naas, Co. Kildare
Revenue seize cocaine worth €812,000 in Naas, Co. Kildare Today (18/05/2021), as part of an intelligence led operation, Revenue officers seized approximately 11.6kgs of cocaine with an estimated value of €812,000 following the search of a vehicle in the Naas area of Kildare. The seizure was made as a result of a joint operation conducted […]
Revenue eBrief No. 105/21 – SARP
Revenue eBrief No. 105/21 18 May 2021 SARP Tax and Duty Manual Part 34-00-10 – Special Assignee Relief Programme (SARP) – has been updated to enhance readability, to include details of the COVID-19 concession (published on the COVID-19 hub of Revenue’s website), and to include a link to the annual SARP reports.
Revenue eBrief No.106/21 – Filing Guidelines for Foreign Account Tax Compliance Act (FATCA
18 May 2021 Filing Guidelines for Foreign Account Tax Compliance Act (FATCA) Tax and Duty Manual Part 38-03-25 – Filing Guidelines for Foreign Account Tax Compliance Act (FATCA) – has been amended as follows: Section 7.6 has been updated with guidance on the reporting of financial accounts that have no US Taxpayer Identification Number (TIN) for reporting […]
Revenue eBrief No. 103/21 – New Share Schemes Reporting Return
Revenue eBrief No. 103/21 17 May 2021 New Share Schemes Reporting Return Section 8 of the Finance Act 2020 provides for the mandatory electronic reporting of certain share-based remuneration. This includes restricted stock units (RSUs), restricted shares, convertible shares, forfeitable shares, discounted shares, and any other award with cash-equivalent of shares. As a result, a […]
Revenue eBrief No. 101/21 – ePSWT implementation
Revenue eBrief No. 101/21 14 May 2021 ePSWT implementation A new Tax and Duty manual – Part 18-01-05a – provides guidance on the implementation of ePSWT, which will happen from 1 July 2021. The guidance addresses queries arising from accountable and specified persons, and their representatives, about the planned changes. Revenue wrote to accountable persons and specified persons about ePSWT […]
