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Wednesday 1 February 2023 Dublin: 6°C

# Tax

This week
29th January 2023 - 1st February 2023
# Westminister ethics
British Prime Minister Sunak under pressure over handling of Zahawi tax row
Rishi Sunak sacked Nadhim Zahawi from his role as Tory party chairman after an investigation found he breached the ministerial code.
Last week
22nd January 2023 - 28th January 2023
# tax controversy
Sunak defends handling of Zahawi row as pressure on Tory chairman mounts
Sunak said that due process will be followed, with his ethics advisor carrying out an investigation into Zahawi.
Last year
2022
# trump taxes
Trump’s tax returns released after long fight with Congress
The Democratic-controlled House Ways and Means Committee voted last week to release the returns.
# Donald Trump
Trump Organisation convicted in executive tax dodge scheme
It could be fined up to 1.6 million dollars.
# Careful Now
Tax officials warn Christmas online shoppers may face extra costs when goods arrive in Ireland
Revenue released a statement today outlining the problems faced by shoppers when Customs identify that duty is owed on online purchases.
# covid recovery
Scheme to delay businesses repaying Covid debts to Revenue extended until 2024
Revenue has pushed the repayment date for warehoused debt out to 1 May 2024.
# budget 2023
The Explainer: What type of tax system does Ireland have?
Is it progressive? And what does that even mean? The ESRI’s Barra Roantree joins us on this week’s episode to explain all.
# factcheck
FactCheck: Is the renters' €500 tax credit just worth seven days' rent in Dublin?
The claim was made by a housing charity after the budget was announced.
# Questions answered
Explainer: There's a new rent tax credit, how can I avail of it and when will it be paid?
Does my landlord need to be registered? What if I’m on HAP?
# take home pay
Here's what Budget 2023 means for your payslip if you're earning €100,000
Here’s a breakdown of how your tax will change.
# Cost of Living
'Our citizens need help': Everything you need to know about Budget 2023
The Government has confirmed a range of measures including tax band changes, electricity credits and social welfare increases.
# Homes
New Vacant Homes Tax targets unoccupied properties but there are some exemptions
It will be charged at three times the rate of the building’s local property tax liability.
# your stories
Will Budget 2023 make any difference to you? We want to hear your stories
We’d love to hear your stories today. Will Budget 2023 help you, what’s your view?
# Leo Varadkar
'I don't say it lightly': Housing crisis is a breach in the social contract, says Tánaiste
In an exclusive interview, Leo Varadkar also indicated the minimum wage is to increase.
Varadkar says the Government needs to have "another go" at fixing the housing crisis
Renters need more help, declares Tánaiste
However, Budget 2023 will not have all the solutions to fix property situation
# budet 2023
Proposal for new 30% tax band 'still on the table', but minister says it would be 'challenging'
Minister for Public Expenditure Michael McGrath said he will engage with the Finance Minister Paschal Donohoe on the issue.
# rental crisis
Tax breaks for landlords a 'good idea', but renters should get concessions too, says Varadkar
The Tánaiste says it wouldn’t be fair to give a tax break to landlords if renters didn’t get something in the budget.
# Helen McEntee
Justice Minister in favour of higher rate of tax for convicted drug dealers
While changes to the tax system for criminals is not presently being considered, Helen McEntee said the idea “wouldn’t be a bad thing”.
# Income Tax
'Not right' pay increases for workers should be gobbled up by tax, USC and PRSI, says Varadkar
The Tánaiste says it is a Government commitment to index tax bands and credits.
# Universal Social Charge
Explainer: Was the USC meant to be a temporary measure?
Some politicians’ stances on the tax have changed over the years.
# energy costs
Measures to tackle cost of living will 'cushion the blow', says Taoiseach
An increase in the €100 electricity credit is widely expected.
# Corporation Tax
Irish corporation tax revenues set to decline from 2023 onwards, says Donohoe
New figures revealed that Irish tax receipts surged to their highest ever level last year at 68.4 billion euro.
All time
# Big Money
Spanish court annuls Barcelona defender Pique's €2.1 million tax bill
The player’s partner, Colombian pop star Shakira, is also being investigated.
# Mica redress
Tax or levy to pay for new Mica redress scheme under consideration by government
It is believed that a cap of approximately €400,000 per home will ultimately be agreed upon.
# Rome
Attention turns to climate action on second day of G20 summit
World leaders yesterday endorsed a global 15% minimum corporate tax rate.
# budget 2022
Budget 2022 will be revealed today - here's a look at how things will unfold
Politicians are back in Leinster House for this year’s Budget.
# Corporate Tax
OECD hails 'major victory' as 136 nations join global tax deal
The deal will increase the State’s corporate tax rate for large companies to 15%.
# a slice of the pie
Ireland's decision to sign up to global corporate tax rate praised as 'momentous'
Christian Aid questioned whether companies would pay the 15%, and said the minimum rate “is not something to be celebrating”.
# Multinationals
Corporate tax to increase from 12.5% to 15% as Ireland agrees to back global reforms
The new rate will apply to companies with a turnover of over €750 million.
The new rate will apply to companies with a turnover of over €750 million with SMEs paying 12.5%.
Until today, Ireland was among a handful of states that had not agreed to the OECD-led plans.
The new tax regime could be in place by 2023.
Explainer: Why is Ireland about to raise its corporation tax rate from 12.5% to 15%?
# Corporation Tax
Leo Varadkar's claims on corporation tax changes challenged
Varadkar had said if Ireland signs up to OECD plans for a global minimum rate, it would only apply to firms earning over 750 million US dollars a year.
# fringe benefits
Trump’s company and finance boss set to face tax charges
Chief financial officer Allen Weisselberg has reportedly surrendered to authorities.
# Tax
An Garda Síochána pays Revenue €270,000 to settle VAT bill for Templemore restaurant and shop
Confusion had arisen over how goods sold at the restaurant and shop in Templemore should be charged for VAT, according to the report.
# LPT
Here are the new Local Property Tax bands
Most of those who face an increase in the tax will pay an extra €90 per year, Finance Minister Paschal Donohoe said.
# Tax Incentives
Alternative to Stay and Spend Scheme not being examined, says Paschal Donohoe
The scheme was set up last year to encourage people to holiday at home and is terminates at the end of this month.
# Freedom of Speech
Media blackout in Poland to protest new ad tax
State media outlets would be exempt from the tax.
# Investigation
Joe Biden's son Hunter facing federal investigation over ‘tax affairs’
The investigation by the Delaware US Attorney’s office was disclosed in a statement by Biden’s transition office.
# Customs
Brexit is coming: Here's what will change after 31 December 2020
British driving licences made invalid, a customs-check comeback, and what to do with the UK landbridge.
# in your pocket
Budget 2021: What measures kick in today?
A number of changes have already kicked in since yesterday’s announcement.
# taxing
Trump paid $750 in US income taxes in 2016 and 2017, according to New York Times
The major investigation into the US president’s finances comes just weeks before the election.
# Covid hit
Aer Lingus owner IAG announces pre-tax loss of €4.2 billion
IAG’s revenue was a total of €5.3 billion, some 56% lower than 2019’s levels.
# Decision time
Apple and Ireland win appeal against European Commission's €13 billion tax ruling
The European Commission previously ordered the US company to hand back €13 billion in unpaid tax.