Revenue Information Campaign for PAYE Taxpayers
New figures published recently by the Revenue show that over 472,000 PAYE Income Tax Returns have been processed for 2023, an increase of almost 30% on the previous year.
Revenue said a total of €203m has already been refunded to people's bank accounts as a result of the 2023 returns filed by PAYE taxpayers so far, while a further €480m may have been overpaid during the year.
Mortgage Interest Tax Credit
One of the big money-saving measures announced in the most recent Budget was the mortgage interest relief initiative - temporary Mortgage Interest Tax Credit (MITC).
Although it was announced last year, it was only in the last few weeks that people could apply for the relief. Potentially it could see homeowners getting up to €1,250 back in their pockets.
8 Tips for Filing Your Self-Assessment Tax Return
You may not necessarily need an accountant to prepare your tax return– it really depends on the complexity of your business and your financial knowledge. But one way or the other, if you’re self-employed, you’re obliged to file a return. Here are 8 practical tips to make the process as smooth as possible.
Update for Non-Resident Landlords witholding Tax
Recently Revenue have sent more than 20,000 letters to non-resident landlords and their collection agents, informing them of the upcoming changes to the administration of withholding tax for non-resident landlords.
pre-letting expenditure on rented residential premises
Revenue have issued an updated tax and duty manual in respect of pre-letting expenditure on rented residential premises.
Taxpayers need to be aware of the restrictions on allowable pre-letting expenses when calculating their rental profits. We set out below a summary of the updated guidance.
NKC TAX BOOK 2023
Our NKC tax Book for 2023 has arrived. It provides a useful guide to the Irish tax system showing all updates and changes in tax regulations for 2023.
We’ve pulled out a few of the most significant changes that have come to place this year