Commercial Rates Waiver Ireland Quarter 1 2021

Commercial Rates Ireland Waiver Quarter 1 2021

The Department of Housing, Local Government and Heritage released information in relation to the waiver of commercial rates due to COVID-19 restrictions for Quarter 1 2021 A three-month waiver will apply to eligible businesses and will take the form of a credit in lieu of rates The value of the waiver is the equivalent value […]

Fáilte Ireland Tourism Business Continuity Scheme (TBCS)

Fáilte Ireland Tourism Business Continuity Scheme (TBCS)

On 1st February 2021, Fáilte Ireland announced details of a new €55 million Tourism Business Continuity Scheme, which is intended to support those tourism businesses that were not eligible for Covid Restrictions Support Scheme (CRSS) payments or previous Fáilte Ireland continuity grant schemes – TBCS is aimed at helping eligible tourism businesses offset their fixed costs and […]

COVID-19 Business Aid Scheme (CBAS)

COVID-19 Business Aid Scheme

On 9th February 2021, Government announced measures worth €160 million to assist businesses during the pandemic. Included in these measures will be a €60 million COVID-19 Business Aid Scheme (CBAS). The aim of CBAS is to provide grants to businesses who are ineligible for other Government financial pandemic schemes such as; 1) Covid Restrictions Support […]

July Stimulus Package – VAT Rate Reductions

VAT Rate Reduction Ireland

– As part of July Jobs Stimulus Package, there will be a six-month reduction in the standard rate of VAT from 23% to 21%, from 1st September 2020 to 28th February 2021. July Stimulus Package – Vat rate reduction from 13.5% to 9% – The VAT rate for the tourism and hospitality sector will drop […]

Employment Wage Subsidy Scheme – Key Points for Employers

Employment Wage Subsidy Scheme Covid

The COVID -19 Temporary Wage Subsidy Scheme (TWSS) will cease on 31st August 2020 and will be replaced by the new Employment Wage Subsidy Scheme (EWSS) which will come into effect on 1st September 2020 and run until 31st March 2021. There are 2 elements to the EWSS: a) Qualifying employers can claim back a […]

Audit Exemption for Small Companies & Micro Companies

A small company is a company that meets two of the three following criteria; Balance sheet total does not exceed €6m Turnover does not exceed €12m Number of employees does not exceed 50   A micro company is a company that meets two of the three following criteria; Balance sheet total does not exceed €350,000 […]