Employee vouchers small benefit exemption

From 1 January 2025, you can give employees up to five small benefits, tax-free, each year. These benefits must not be in cash and the combined value of the five benefits cannot exceed €1,500. If more than five benefits are given in a year, only the first five...

Mortgage interest tax credit

The Finance Act 2023 introduced the Mortgage Interest Tax Credit. This tax credit is for taxpayers who have made payments in respect of a qualifying loan for a principal private residence. The Mortgage Interest Tax Credit was originally only available for the year...

Who should register for VAT ?

This section deals with the rules relating to Value-Added Tax (VAT) registration. It explains the following: who must register for VAT VAT thresholds electing to register for VAT when you can opt to tax lettings. Generally, you must register for VAT if you are...

What is preliminary Income Tax tax? 2 October 2024

What is preliminary tax? Preliminary tax is your estimate of the Income Tax, Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) that you expect to pay for a tax year. You must pay this by 31 October of the tax year in question. You must make sure...
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