Tax news

Payroll Modernisation One of the major payroll changes being introduced by the Irish Revenue is PAYE Modernisation. This is a new system that has being introduced from 1st January 2019 which will modernise the Pay as You Earn. What is PAYE Modernisation? PAYE Modernisation is arguably the most significant change ever made to PAYE. This new and improved way of reporting, is designed to make PAYE submissions more efficient – meaning you will submit real-time information to Revenue every time you pay employees rather than once a year at Payroll year end via the P35. At CMC Accountants we have…

This guide written by Chartered Accountants Ireland provides a good summary of the legal and tax context of Brexit as it affects Ireland. View Brexit Guide PDF VAT At the moment EU Member States who do business within the EU have the opportunity to recover Vat paid on certain expenses incurred in other EU country. Since the UK will be no longer an EU Member State it will be up to the UK to decide whether or not it wishes to continue allowing foreign business to recover UK vat. If the UK doesn’t allow this, then purchasing goods from the…