News

Business Support Measures Extended

Business Support Measures Extended

Business Support Measures Extended The Irish government has announced the extension of the Business Support Measures. The extension of the two schemes intended to support businesses during this public health crisis while also pushing back the VAT Return of Trading deadline due to the recent reduction in the headline VAT […]

Employment Investment Incentive

Improvements to be made to Ireland’s Employment Investment Incentive

Improvements to be made to Ireland’s Employment Investment Incentive Improvements are set to be made to Ireland’s Employment Investment Incentive. This comes on the back of the Government recently calling for input from stakeholders on potential enhancements. The new measure will grant income tax relief to individual investors who make […]

EU-UK Trade And Cooperation Pact

EU-UK Trade And Cooperation Pact

EU-UK Trade And Cooperation Pact The UK is no longer a member of the Single Market or Customs union and therefore EU law no longer applies to the UK since the 31st of December 2020. The UK-EU trading environment has changed and is now governed by the EU-UK Trade and […]

E-commerce

Ireland and E-commerce VAT Reforms

Ireland and E-commerce VAT Reforms The European Commission and Revenue have released new guidance for digital platforms, online retailers and online marketplaces on the E-commerce VAT rules that are set to be introduced from July 1st, 2021. Under the reforms, online marketplaces and platforms that facilitate supplies of goods to […]

Tightening of the Capital Allowance rules for Intangible Assets

Tightening of the Capital Allowance rules for Intangible Assets

Tightening of the Capital Allowance rules for Intangible Assets The Finance Bill 2020’s least talked about or publicised aspect and those could argue the most important change. The tightening of the capital allowance rules for intangible assets. Capital Allowance Simply put, capital allowance enables companies to reduce their corporate tax […]

Family Offices Are On The Up

Family Offices Are On The Up

Family Offices Are On The Up In the last two decades or so, the nature and role of family offices have seen a dynamic shift. Research into the area suggests that there were over 7,000 single family offices across the globe in 2019 which was 38% from 2017. Family offices […]

Accelerated Loss Relief For Companies

Accelerated Loss Relief For Companies

Accelerated Loss Relief For Companies A temporary scheme (Accelerated Loss Relief for Companies) allowing companies to claim back corporate tax paid last year against losses anticipated this year has been introduced in Ireland. This scheme, according to the Government, is intended to increase cash flow for companies that are now […]

An Overview of Ireland's July Stimulus Package

An Overview of Ireland’s July Stimulus Package

An Overview of Ireland’s July Stimulus Package On the 23rd of July 2020, the Irish Government announced a host of economic support measures for businesses and the self-employed. Our expert team in CityTrust has provided an overview of Ireland’s July Stimulus Package. The main announcements to come out of the […]