Revenue seize 72,000 cigarettes following vehicle search
Revenue seize 72,000 cigarettes following vehicle search On 31/03/2021, Revenue officers seized over 72,000 cigarettes with an estimated retail value of over €50,500, representing a potential loss to the Exchequer of approximately €39,565. The seizure was made as a result of a joint operation conducted by Revenue’s Customs Service and Gardaí from Limerick’s Henry Street […]
Revenue eBrief No. 072/21 – Charities VAT Compensation Scheme
Revenue eBrief No. 072/21 01 April 2021 Charities VAT Compensation Scheme The Charities VAT Compensation Scheme Guidelines have been updated. These Guidelines have been updated at Section 4 to include information on the treatment of Covid-19 wage subsidy scheme payments for the purposes of calculating a VAT Compensation Scheme claim. Further clarification on the calculation […]
Revenue eBrief No. 073/21 – Freelance Actors: Flat Rate Expense Deduction
Revenue eBrief No. 073/21 01 April 2021 Freelance Actors: Flat Rate Expense Deduction The content of Tax and Duty Manual Part 05-02-02 is longer available. A full list of the flat rate expenses is available on the Revenue website.
Revenue eBrief No. 071/21 – Tax and Duty Manual Part 09-02-05 – Capital allowances for intangible assets – updated
Revenue eBrief No. 071/21 31 March 2021 Tax and Duty Manual Part 09-02-05 – Capital allowances for intangible assets – updated Revenue Tax and Duty Manual Part 09-02-05 – Capital Allowances for Intangible Assets – provides guidance on the operation of section 291A of the Taxes Consolidation Act 1997 (“TCA 1997”), which makes provision for capital allowances for expenditure […]
Revenue eBrief No. 068/21 – Anti-hybrid guidance
Revenue eBrief No. 068/21 29 March 2021 Anti-hybrid guidance Tax and Duty Manual Part 35C-00-01, which provides guidance on the anti-hybrid rules, has been updated to include: amendments made by Finance Act 2020 to how the anti-hybrid rules apply to worldwide systems of taxation, key terms used in the anti-hybrid rules such as “payee”, “reasonable to consider” and “associated enterprise”, […]
Revenue eBrief No. 066/21 – The VAT Treatment of the procurement of certain Goods and Services by a Public Body
Revenue eBrief No. 066/21 25 March 2021 The VAT Treatment of the procurement of certain Goods and Services by a Public Body The Tax and Duty Manual on The VAT Treatment of the procurement of certain Goods and Services by a Public Body has been updated regarding the implications arising from the requirement to apply the reverse charge mechanism […]
Revenue eBrief No. 067/21 – Sale of Live Animals by Auction (Mart)
Revenue eBrief No. 067/21 26 March 2021 Sale of Live Animals by Auction (Mart) A new Tax and Duty Manual – Sale of Live Animals by Auction (Mart) – has been published detailing the application of VAT to sales of live animals by auction. The Manual on Flat-rate Farmers Settlement Vouchers – Sales to Marts has […]
Revenue eBrief No. 064/21 – Accounting for Mineral Oil Tax Manual
Revenue eBrief No. 064/21 25 March 2021 Accounting for Mineral Oil Tax Manual The Accounting for Mineral Oil Tax Manual has been updated: to amend the wording relating to Guarantee For Deferred Payment Of Mineral Oil (appendix IV), and to remove the information in relation to the temporary reduced rate of interest as provided for under section 6 of the […]
Revenue eBrief No. 065/21 – Surcharge for late filing and restrictions on loss relief
Revenue eBrief No. 065/21 25 March 2021 Surcharge for late filing and restrictions on loss relief Tax and Duty Manuals Part 47-06-01 (Return Filing Dates – Forms 11 and CT1), Part 47-06-04 (Late Submission of Corporation Tax Returns – Restrictions of Claims to Relief) and Part 47-06-08 (Surcharge for Late Submission of Income Tax, Corporation Tax and Capital […]
Revenue seize alcohol worth €66,000 at Rosslare Europort
Revenue seize alcohol worth €66,000 at Rosslare Europort Last Monday (22/03/2021), Revenue officers seized nearly 17,000 litres of beer following the search of an Irish registered truck that had disembarked a ferry from Pembroke, Wales. The consignment was seized following routine profiling aimed at identifying alcohol products that may be diverted onto the market without […]
