Revenue eBrief No. 121/23 – Recoupment of Overpayments of Salary by an Employer from an Employee
Revenue eBrief No. 121/23 23 May 2023 Recoupment of Overpayments of Salary by an Employer from an Employee Tax and Duty Manual Part 42-04-70 – Recoupment of Overpayments of Salary by an Employer from an Employee – has been amended to update examples in parts 2 and 5 to reflect changes to the value of the standard rate tax […]
Revenue seize herbal cannabis worth €316,000 in Dublin
Revenue seize herbal cannabis worth €316,000 in Dublin Last Friday, (19/05/2023), as part of an intelligence-led operation, Revenue officers seized approximately 16kgs of herbal cannabis with an estimated value of €316,000 in South Dublin. The seizure was made as a result of a joint operation involving Revenue’s Customs Service, the Garda National Drugs and Organised Crime […]
Revenue seize herbal cannabis worth €2,840,000 at Dublin Port
Revenue seize herbal cannabis worth €2,840,000 at Dublin Port Yesterday (21/05/2023), as part of routine operations, Revenue officers seized approximately 142kgs of herbal cannabis with an estimated value of €2.84 million at Dublin Port. The illicit drugs were discovered when Revenue officers stopped and searched a vehicle which had arrived from France. A man in […]
Revenue eBrief No. 120/23 – Extension of certain stamp duty relief schemes for farmers
Revenue eBrief No. 120/23 19 May 2023 Extension of certain stamp duty relief schemes for farmers Section 81AA of the Stamp Duties Consolidation Act (SDCA) 1999 provides for relief from stamp duty on transfers of land to young trained farmers. Stamp Duty Manual Section 81AA: Transfers to young trained farmers has been updated to reflect […]
Revenue seize herbal cannabis worth €1,080,000 in Dublin
Revenue seize herbal cannabis worth €1,080,000 in Dublin Yesterday (18/05/2023), as part of an intelligence-led operation, Revenue officers seized approximately 54kgs of herbal cannabis with an estimated value of €1,080,000 in Dublin. The seizure was made as a result of a joint operation conducted by Revenue’s Customs Service, the Garda National Drugs and Organised Crime […]
Revenue eBrief No. 117/23 – Foreign Entity Classification for Irish Tax Purposes
Revenue eBrief No. 117/23 18 May 2023 Foreign Entity Classification for Irish Tax Purposes Where a foreign entity is involved in a transaction the classification of that foreign entity can be central in determining any Irish tax implications. The purpose of Tax and Duty Manual (TDM) Part 35C-00-02 – Foreign Entity Classification For Irish Tax Purposes – is to provide […]
Revenue eBrief No. 118/23 – Stamp Duty Manual – Electronic Share Trading In Euroclear Bank- updated
Revenue eBrief No. 118/23 18 May 2023 Stamp Duty Manual – Electronic Share Trading In Euroclear Bank- updated Stamp Duty Manual – Euroclear Manual: Electronic Share Trading – Rules, Procedures, Practices, Guidelines and Interpretations – has been updated to set out the procedure that is to be followed when claiming relief from stamp duty under […]
Revenue eBrief No. 119/23 – Form IREF
Revenue eBrief No. 119/23 18 May 2023 Form IREF Tax and Duty Manual Part 27-01B-03, which provided details on the changes to Form IREF in June 2021, is no longer relevant and will be archived, because the filing date for such forms has passed.
Revenue seize contraband worth over €700,000
Revenue seize contraband worth over €700,000 Yesterday (17/05/2023), as a result of routine operations, Revenue officers seized over 752,000 cigarettes at Dublin Port. The cigarettes have an estimated retail value of approximately €594,000, representing a potential loss to the Exchequer of over €465,000. The smuggled cigarettes, branded ‘Dunhill’ and ‘Karelia Blue’, were discovered concealed in […]
Revenue eBrief No. 115/23 – Capital Acquisitions Tax Manual – Part 05 Discretionary Trust Tax
Revenue eBrief No. 115/23 16 May 2023 Capital Acquisitions Tax Manual – Part 05 Discretionary Trust Tax Capital Acquisitions Tax Manual Part 5 – Discretionary Trust Tax – provides guidance on the charges that apply to discretionary trusts. It has been amended in: paragraph 5.1 to clarify that the definition of a discretionary trust for CAT purposes differs from and […]
