Revenue has published a new Manual “Income tax implications for landlords with buy-to-let mortgages who have received tracker mortgage redress payments from banks”. The Manual confirms that “any tax liability that impacted customers may incur as a result of the relevant issue or in respect of any redress, compensation or other payment made to impacted […]
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Revenue has published new guidance which sets out the treatment of payments to landlords received under the Repair and Leasing scheme. The scheme, which was launched earlier this year, is an initiative of the Department of Housing, Planning and Local Government and was set up to bring vacant properties into social housing. It is aimed […]
The deadline for submitting a “List of Employees” to Revenue is 31st October. This will enable Revenue to update and issue employee tax credits certificates and the employer copy (the Revenue Payroll Notification (RPN)) for 2019. The submitted list must include all employees (including directors). Employers who have a single Employer Registration (PREM number) but outsource […]
Revenue is writing to 12,000 individuals to remind them to include income from Airbnb lettings on their tax returns. The letters will also provide guidance on the tax treatment of this income and on how to correct returns already submitted, where necessary. Airbnb has provided Revenue with details of payments made to its customers in […]
The Revenue Commissioners move to Real Time Reporting (RTR) will take effect on 1st January 2019. From this date all employers must notify Revenue of any payments or benefits made to an employee in real time. Employers must notify Revenue when or before the payments are made to all employees. This will be […]