Revenue launches information campaign for PAYE taxpayers
Revenue launches information campaign for PAYE taxpayers Today, (23/01/2024), Revenue published a range of statistics on PAYE for 2023. These statistics show that over 472,000 PAYE Income Tax Returns have been processed for 2023, an increase of almost 30% on the same period last year. Approximately 275,000 of the returns filed to date resulted in […]
Revenue eBrief No. 026/24 – Annual average exchange rates
Revenue eBrief No. 026/24 22 January 2024 Annual average exchange rates Tax and Duty Manual Part 04-06-12 – Annual average exchange rates – has been updated to include the average market mid-closing rate v Euro, for the calendar year 2023. The Lloyds sterling conversion rates have been removed from this manual as they are no […]
Revenue seize herbal cannabis worth €380,000 at Dublin and Shannon Airports
Revenue seize herbal cannabis worth €380,000 at Dublin and Shannon Airports On Tuesday, (16/01/2024), as a result of risk profiling, Revenue Officers at Dublin Airport seized 16.6 kgs of herbal cannabis, with an estimated value of approximately €330,000. The illicit drugs were discovered when Revenue officers stopped and searched the baggage of a passenger who had […]
Revenue eBrief No. 023/24 – Accelerated Capital Allowances for Farm Safety Equipment
Revenue eBrief No. 023/24 16 January 2024 Accelerated Capital Allowances for Farm Safety Equipment Tax and Duty Manual Part 09-02-07 – Accelerated Capital Allowances for Farm Safety Equipment – has been updated to reflect the following: a revised threshold of State aid received of €10,000, above which there is a requirement to publish details of the recipient, […]
Revenue seize contraband worth over €110,000 in Dublin and Clare
Revenue seize contraband worth over €110,000 in Dublin and Clare Two men have appeared in court in connection with two separate seizures in Dublin Airport and Dublin Port in recent days. One man appeared in court yesterday (16/01/2024), in relation to the seizure of 10,000 cigarettes in Dublin Airport on Sunday (14/01/2024). Revenue officers seized […]
Revenue eBrief No. 024/24 – VAT Return of Trading Details
Revenue eBrief No. 024/24 16 January 2024 VAT Return of Trading Details A new Tax and Duty Manual – VAT Return of Trading Details – is published to provide assistance to filers submitting the annual VAT Return of Trading Details (RTD). Guidance is included about the sections of the return, amending a VAT RTD, compliance measures […]
Revenue seize suspected cocaine worth €3.43 million at Rosslare Europort
Revenue seize suspected cocaine worth €3.43 million at Rosslare Europort Earlier today, 12/01/2024, Revenue officers seized approximately 49 kgs of suspected cocaine at Rosslare Europort. The drugs with an approximate value of €3,430,000 were discovered as a result of risk profiling. Investigations are ongoing. This operation is part of Revenue’s ongoing work targeting smuggling and […]
Revenue eBrief No. 020/24 – Farming: Tax treatment of Green, Low-Carbon, Agri-Environmental Scheme (GLAS)
Revenue eBrief No. 020/24 12 January 2024 Farming: Tax treatment of Green, Low-Carbon, Agri-Environmental Scheme (GLAS) Tax and Duty Manual Part 23-01-25 – Farming: Tax treatment of Green, Low-Carbon, Agri-Environmental Scheme (GLAS) – has been updated to reflect that the scheme ended on 31 December 2022.
Revenue eBrief No. 021/24 – Loss relief for self-employed individuals adversely impacted by Covid-19 restrictions
Revenue eBrief No. 021/24 12 January 2024 Loss relief for self-employed individuals adversely impacted by Covid-19 restrictions Tax and Duty Manual Part 12-01-03 – Loss relief for self-employed individuals adversely impacted by Covid-19 restrictions – has been updated: to confirm that a claim for relevant loss relief under section 395A or relevant allowances under section 304(3A) can no longer […]
Revenue eBrief No. 016/24 – Exemption of Certain Profits of Microgeneration of electricity
Revenue eBrief No. 016/24 11 January 2024 Exemption of Certain Profits of Microgeneration of Electricity Tax and Duty Manual 07-01-44 provides guidance on the income tax exemption of certain profits from the microgeneration of electricity by an individual at his or her sole or main residence. This manual has been updated to reflect amendments made […]
