One of the most positive outcomes from Budget 2017 was the decrease in USC rates. The budget outlined cuts which will benefit people in all tax brackets, with the aim of completely phasing out USC payments over the next five Budgets. However, as Irish Tax Institute president, Mark Barrett, declared: “The greatest percentage tax saving was for those on lower...
Single Person Child Carer Credit (SPCCC) Are you a single parent or the primary guardian of a child/children? If so, you may be eligible to receive the Single Person Child Carer Credit (SPCCC). However, a great deal of confusion surrounds this credit, as many people are unsure of what exactly is involved. To help you understand what you’re entitled to...
One of the most anticipated aspects of Budget 2017, the new “help-to-buy” tax rebate scheme was introduced on October 11th to assist potential first-time home buyers with gathering a deposit. With housing demand vastly outpacing supply, particularly in Dublin and other densely populated areas, the government is keen to stimulate the building of new homes and help thousands of interested and qualified...
Do you work in construction? In the past four years, have you been a PAYE worker? Like many of our customers who work as tradespeople, site managers or labourers in the construction industry, you may be due tax back. There are numerous tax reliefs in place for construction workers, so read on to discover three ways you could be getting...
Establishing a pension fund is an incredibly smart and forward-thinking move to ensure you have the financial means and support necessary after you’ve retired from work. Whether adding 1% or 10% of annual earnings to their pension funds, many people don’t realise that the contribution payments they make every year are eligible for tax relief. If your pension payments are...
Are you one of the estimated 400,000 people in Ireland that have health insurance fully or partially paid for by their employers? Did you know that you may be eligible to claim tax back on such health insurance schemes? Many people in Ireland assume that where health insurance is paid or part-paid by an employer, they are not eligible to...
Have you previously been employed on a short-term contract? Did you know, that even short-term workers such as students working for the Summer, construction workers contracted for particular works, agency temps or factory workers, could be entitled to tax back? Read on to discover three such reasons why you may be eligible to claim tax back on your short-term contract....
Most people are unaware of the Dependent Relative Tax Credit, which compensates people for financially supporting a relative. This complete guide will help you understand everything you need to know about the Dependent Relatives Relief (DRR) How Much Is The Dependent Relative Tax Credit Worth? What Relatives Qualify? What is Meant By ‘Financial Support’? Are There Any Other Tax...
Personal tax credits are due to every taxpayer resident in Ireland. The tax credit applicable will depend on your marital status – single, married, in a civil partnership, widowed, a surviving civil partner, separated, divorced or a former civil partner. Personal tax credits and PAYE tax credits are usually applied every year at the source of income however, it is...
Every year, thousands of tax credits go unclaimed. During our tax reviews for clients, we have found this to be especially true for medical and healthcare professionals. Unbeknownst to many professionals working in the healthcare sector, there are a number of important tax credits which they should be claiming. 1. Education Fees Are you a student doctor/nurse? Do you...
Facing unemployment is a tough prospect. However if you have recently become unemployed after a period of employment, you’ll be happy to know that you may be eligible to claim tax back. A tax rebate can go a long way to helping yourself financially while you try to secure a new role. The size of the tax rebate that you...
