Small Benefits Exemption - ISME Gets Confirmation That Directors Are Included
Finance Bill 2015 introduced the Small Benefits Exemption which allows up to €500 in non-cash benefits to be provided tax-free to employees.
We have contacted the Revenue Commissioners to make sure that this exemption applies to Directors. Revenue confirmed to us that the exemption applies to ALL DIRECTORS.
eTax Clearance - Access Available From Today 7th December
At long last the new electronic Tax (eTax) Clearance systems will be introduced from 1st January 2016. You may access the new system from today 7th December 2015 and you will be able to apply for electronic tax clearance from that date.
for further information.
Revenue Reminder Of 4 Year Limit For Refund Claims
Revenue reminds taxpayers of the general 4-year time limit for claiming tax refunds. PAYE taxpayers can use the new 'my account' service to apply for a refund.
to register for 'myAccount.
EII Changes - FAQs Released
The number of important changes have been made to the Employment and Investment Incentive (EII) which are effective from Budget Day, 13 October 2015. There are implications for the profile of companies which can qualify for E11 investment.
Revenue has released an FAQ on the implications of the changes.