Under the 2014 Companies Act all existing private companies limited by shares have the option of converting to one of the two new company types (LTD or DAC) during a transition period which ended on 30th November 2016. After 1st December – Companies will be emailed with a new digital Certificate of Incorporation as … Read more
The scheme was announced in Budget 2016 and was subject to EU state approval which has now been received. The details are being finalised and it is hoped that the scheme will be ready to commence in January 2017. The scheme gives the farmer and their successor a €5,000 tax credit to share between them … Read more
Budget 2016 has extended the Start Your Own Business relief to 31st December 2018. This scheme provides an exemption from Income Tax up to a maximum of €40,000 per annum for a period of two years. To qualify for this scheme you must have been unemployed for at least 12 months prior to starting the … Read more
The Revenue updated its guidance on Rent a Room relief in May this year. It stated that “income from the provision of accommodation to occasional visitors for short periods including, for example, where the accommodation is provided through online accommodation booking sites, does not qualify for relief as the visitors use the accommodation as guest … Read more
Minister for Finance Michael Noonan has confirmed that Budget 2017 will be announced on 11th October 2016.