PAYE Settlement Agreement for 2024
It is getting close to that time of year when employers need to consider whether they are required to make an application to Revenue in relation to a PAYE Settlement Agreement (PSA) for 2024.
Guidance on how to claim the Temporary Business Energy Support Scheme (TBESS)
The Temporary Business Energy Support Scheme (TBESS) that was announced by the Minister for Finance in September's Budget is now open for claims. Claims over the period September 2022 to February 2023 can now be made.
The main points of the Temporary Business Energy Support Scheme (TBESS)
- A rebate of up to 40% of the increase in energy costs incurred year on year is available for qualifying businesses.
- A monthly cap per trade of €10,000 applies, increasing to €30,000 where a trade is carried on from multiple locations.
- A business has four months to submit the claim from the end of each claim period.
- A business must have suffered at least a 50% increase in energy bills year on year, measuring each claim period from September 2022 to February 2023 against the corresponding month of the previous year.
- The scheme is operated by Revenue, and only tax-compliant businesses can apply.
- For further guidance, listen to our short video that outlines the TBESS.
The latest detailed guidelines from Revenue can be accessed here.
What can we expect from Budget 2025
With only hours to go before Budget 2025 is announced, it brings with it important changes that will impact the business landscape in Ireland. Finance Minister Jack Chambers is set to present his first budget, while Paschal Donohoe continues to refine public spending. With €6.9 billion allocated for new spending, including critical investments in key sectors, there is much to consider for business...
Irish Tax Monitor: Budget 2025 insights Part two
In a special Budget 2025 edition of the Irish Tax Monitor, our tax team were asked to give some key pre-Budget observations. Part two addresses Irish SME support, FDI and other Budget 2025 observations.
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Frank Greene Partner, Tax Dublin
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