Tightening of the Capital Allowance rules for Intangible Assets The Finance Bill 2020’s least talked about or publicised aspect, and those who 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 […]

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% of 2017. Family offices are […]

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 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 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 To support Irish businesses and their cash flow. The Irish Revenue has announced that the Payment of the Research and Development Tax Credit is to be expedited. This will bring forward the payment of instalments of excess research & development […]

Things to Consider When Scaling Up If your business and company are 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 Recently, Irish Revenue has provided updates on taxpayers’ preliminary tax obligations with regard to corporation tax. As well as clarifying rules around where there is no preliminary tax due and the due dates. The change has been made on the (TDM) Tax and Duty […]

Inheritance Tax Rethinking by UK Government According to the current UK Chancellor, Sajid Javid, an Inheritance Tax Rethinking by the 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 […]