News

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 has seen a dynamic shift. Research into the area suggest that there were over 7,000 single family offices across the globe in 2019 which was a 38% from 2017. Family […]

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 […]

Apple Win EU Tax Rulings Appeal

Apple Win EU Tax Rulings Appeal

Apple Win EU Tax Rulings Appeal Finally, after 4 years in the making with EU authorities, the Irish Government and Apple win EU tax rulings appeal. This appeal was against a decision by a previous European Commission over how Apple is taxed in Ireland. On the 15th of July 2020, […]

Payment of Research and Development Tax Credit to be Expedited

Payment of Research and Development Tax Credit to be Expedited

Payment of Research and Development Tax Credit to be Expedited To support Irish businesses’ and their cashflow. The Irish Revenue has announced that Payment of Research and Development Tax Credit is to be Expedited. This will bring forward the payment of installments of excess research & development tax credit where […]

Covid-19 Announcement

Covid-19 Announcement

Covid-19 Announcement The continued spread of the Covid-19 virus is having a profound impact on society. We have continued to follow the announcements and updates from the Government and the Department of Health in an effort to limit the spread of the virus. Our Board of Directors are taking this […]

Men on laptops. Things to Consider when Scaling Up

Things to Consider when Scaling Up

Things to Consider when Scaling Up If your business and company is looking to take the next step, grow and scale up. There are a few things to consider when scaling up. The are many barriers to scaling businesses whose aim is to expand into new territories such as the […]

Updates on Taxpayers Preliminary Tax Obligations

Updates on Taxpayers Preliminary Tax Obligations

Updates on Taxpayers Preliminary Tax Obligations Recently Irish revenue has provided updates on taxpayers preliminary tax obligations with regards to corporation tax. As well as clarifying rules around where there is no preliminary tax due and due dates. The change have been made on the (TDM) Tax and Duty Manual […]

Inheritance Tax

Inheritance Tax Rethinking by UK Government

Inheritance Tax Rethinking by UK Government According to the current UK Chancellor, Sajid Javid, a Inheritance Tax Rethinking┬áby UK government is possible. He has indicated that the Government which is a conservative government favours changes or may even get rid of the inheritance tax regime. This statement was made in […]

Budget 2020

Summary of Budget 2020

Summary of Budget 2020 On the 8th of October Minister for Finance Paschal Donohue released his third budget as minister. There has been a number of tax and spending changes, as well as a significant fund put aside in the event of a hard No-Deal Brexit. In general, there were […]