Insights

Keep up to date with insights, best practices, news publications and press releases from Crowleys DFK.

R&D Tax Credit

Research & Development (R&D) Tax Credit – What is it and how can it be claimed?

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The R&D tax credit was introduced to incentivise large multinationals to locate an R&D unit here and to encourage Irish companies to invest in R&D activities. Where a company meets the criteria to qualify for the R&D credit,…
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Revenue Publish Guidelines for Determining Employment Status for Taxation Purposes

Revenue Issue Updated Guidelines for Determining Employment Status for Taxation Purposes

Revenue have today issued a new Tax and Duty Manual: "Revenue Guidelines for Determining Employment Status for Taxation Purposes". The previous Manual was taken offline to be updated after the October 2023 Supreme Court judgement in the…
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Knowledge Development Box Update

Knowledge Development Box Update

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The Knowledge Development Box was introduced by Finance Act 2015, for those companies whose accounting periods commence on or after 1 January 2016. This legislation will allow small and medium sized companies engaged in research and development…
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Family Partnerships – Tax Efficient Estate Planning Structure for the Benefit of Family Members

Family Partnerships – Tax Efficient Estate Planning Structure for the Benefit of Family Members

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Family partnerships have become a tax efficient estate planning structure that allows parents to gift assets to their children while still retaining control, through their function as managing partner, of the investment of those assets. The…
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Increased Cost of Business Grant

Increased Cost of Business Grant

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As part of Budget 2024, the government signed off on a package of €257 million for the Increased Cost of Business (ICOB) Grant to support small and medium sized businesses. It is intended to contribute towards the risings costs faced by…
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Crowleys DFK Nurtures Growth and Talent Through Recent Promotions

Crowleys DFK Nurtures Growth and Talent Through Recent Promotions

We are delighted to announce a series of exciting promotions within the firm. These promotions reflect our unwavering commitment to recognising and nurturing talent and mark a significant milestone in the career path of each team member. Meet…
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CGT Retirement Relief

Changes to CGT Retirement Relief for Individuals

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Retirement Relief provides relief from CGT on the disposal of trading assets or shares in trading companies. To qualify for this relief, the main conditions are that the individual must be aged 55 or over and must be disposing of or transferring…
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Share Options: New PAYE Withholding Requirements from 1 January 2024 – How does this Impact Employees?

Share Options: New PAYE Withholding Requirements from 1 January 2024 – How does this Impact Employees?

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The shift of share options from the Irish self-assessment system to PAYE withholding from 1 January 2024 is a significant change arising from Finance (No. 2) Bill 2023. Prior to this, employees were required to report and remit taxes within…
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Preliminary Tax for Income Tax & Corporation Tax

Preliminary Tax Obligations for Income Tax & Corporation Tax

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Individuals who file income tax returns and companies who file corporation tax returns have an obligation to pay preliminary tax: 1. Individuals Preliminary tax is your estimate of the Income Tax, PRSI and USC that you expect to pay…
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Tax Debt Warehousing Scheme Updates Interest Reduced to 0%

Updates to the Tax Debt Warehousing Scheme

On 5 February 2024, the Minister for Finance, Michael McGrath, announced significant changes to the Tax Debt Warehousing Scheme. The Tax Debt Warehousing Scheme allowed businesses who experienced trading difficulties during the COVID-19…
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Infrastructure Guidelines – Outline of Changes to the Public Spending Code

Infrastructure Guidelines – Outline of Changes to the Public Spending Code

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From January 1st 2024, changes have been made to the Public Spending Code (PSC) concerning infrastructural and large-scale capital projects. The new “Infrastructure Guidelines”, which have replaced the PSC requirements for capital expenditure…
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Preparing for Mandatory Sustainability Reporting

Preparing for Mandatory Sustainability Reporting

In recent years, the European Union (EU) has been at the forefront of environmental regulation and policy actions aimed at mitigating climate change. In this regard, two of the most important policy changes that entities should be aware…
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