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 […]