Temporary subsidy for wages due to Covid-19 difficulties

CAVEAT at 25 March 2020 The below detail is subject to legislation which may change or clarify some operational details and will include severe penalties for any false returns or claims.   What is the scheme. This is a 12 week scheme from 26 March 2020 whereby Employers, who are affected by the COVID-19 pandemic, […]

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Covid-19: Useful Information for our clients

Covid-19: Useful Information for our clients   At Ormsby and Rhodes, we are following the current Covid-19 situation closely. We want our clients to have the most recent up-to-date facts on this crisis coming from the HSE. The Revenue Commissioners and The Department of Business, Enterprise and Innovation have both announced measures to assist SME’s […]

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Our Approach Regarding COVID-19 (Coronavirus)

We would like to make you aware of how Ormsby & Rhodes will be operating in the light of COVID-19 / Coronavirus: As a firm our priority is to reduce the risk to our people, our clients and our business. We have robust business continuity plans in place which will ensure that we can continue […]

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BUDGET 2020

budget 2020

Budget 2020 will no doubt be remembered as the Brexit Budget. While Brexit may have curtailed any possibility of the Government announcing a generous giveaway budget before a General Election next year, it can also be used as an excuse by the Government to justify the decisions taken in this Budget. This Budget is an […]

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Brexit – Impacts for Tax Law

( The Possible Impact on Tax Law): European Union (EU) Member States have the right to withdraw from the Union under the Treaty on European Union (TEU), Article 50, which states that: “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.” No Member State has to date […]

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CIVIL SERVICES RATES FOR THE REIMBURSEMENT OF EXPENSES

  Please note that from the 1 July 2019 the civil services rates have been amended as follows:   For absences from the place of work up to 5 hours, the rate is increased to €15.41 from €14.01 and the rate for a ten-hour absence is increased to €36.97 from €33.61.   All other Revenue […]

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Beneficial Ownership

ownership

What is Beneficial Ownership: EU’s Fourth Anti-Money Laundering Directive requires all EU Member States to put into national law provisions requiring corporate and legal entities to obtain and hold adequate, accurate and current information on their beneficial owner(s) in their own internal beneficial ownership register. What is a Beneficial Owner? A beneficial owner is a […]

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BREXIT – TAX IMPLICATIONS FOR IRELAND

Overview: When the UK voted to leave the EU on the 23rd June 2016, no one could have imagined that the details of the exit would still be unknown and undecided almost three years later. What was also not envisaged at the time was that the main stumbling block for the UK to leave the […]

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PAYE Modernisation Update – Employers and Payroll Agents

Since 1 January 2019, Revenue has received payroll information (pay and statutory deduction details) from over 153,000 employers. This includes agents submitting information on behalf of over 94,000 employers.   The obligation to file details Under Regulation 10 of the Income Tax (Employments) Regulation 2018, an employee’s pay and deductions must be submitted to Revenue […]

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Budget 2019

Budget 2019

This was certainly a Budget where spending took priority and where the spending was practically already disclosed. Housing was a major recipient of spending plans: €2.3bn allocated to the housing programme for 2019 €93m for Local Authority house funding for 2019 €1.25bn allocated for the delivery of 10,000 new social homes in 2019 €123m for the Housing […]

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