Revenue | Business Post

Revenue faces backlash over new staff benefits reporting rules

From January, companies will be required to tell Revenue in real time if they pay non-taxable benefits but many are unhappy about the plan

Over 560 jobs saved as a result of Scarp rescue process, report finds

Some 50 small businesses have undertaken the small company administrative rescue process since its creation in December 2021

Exclusive: ‘Perfect storm’ prompts dramatic rise in insolvencies

Insolvency rate is the highest in five years while the construction, nursing home, hospitality and services sectors are the worst affected

The €14bn budget to woo back voters

Devoid of any big bang measure or vision, Ministers Michael McGrath and Paschal Donohoe missed a glorious opportunity to deliver radical change in Budget 2024

Revenue using ESB data as part of vacant homes tax crackdown

Data from electricity readings has identified 25,000 properties as vacant, with a further 65,000 due to be inspected for ‘low energy usage’

From the Editor

Coalition’s budget to woo SF voters and Stripe’s Dublin play: this week’s Business Post

This week’s edition is packed with exclusive stories, big reads and cutting-edge analysis of the biggest events in business and politics

Publishing giant behind Star and Mirror titles sees turnover tumble

Reach PLC profits slumped 6.1 per cent first half of 2023 due to changes in Facebook news feed

Ireland’s largest hotel group expects earnings in excess of €100m for the first half of the year

Group’s portfolio comprises 50 three and four-star hotels with 10,953 rooms

IATA global airline profit estimate jumps to $10bn in 2023

IATA expects some 4.35bn passengers to travel in 2023, around 96 per cent of 2019 levels

Flahavan’s profits up despite rising cost of grain

Company says it was affected by the war in Ukraine, citing both Russia and Ukraine as ‘prominent grain exporters'

€2m lawsuit involving Roscommon ‘supercar’ dealership settled in High Court

Myles Kirby, of Dublin-based Kirby Healy Chartered Accountants, had alleged that Kieran and Helena Sherlock, former directors of Kleio Tool and Plant Hire, were connected to a series of “suspicious” transactions involving luxury cars

Revenue’s powerful ‘name and shame’ tax defaulter weapon under threat

European Court ruling now being examined by tax authorities, after court ruled publication of names an ‘invasion of privacy’

Larkins’ building firm hits wall with €4.3m interest on tax debt

Vieira Limited, which courted controversy over Tyrrelstown estate, had previous run-ins with Revenue over Vat assessments

Morning Headlines

Peter Burke’s planning overhaul; Dutch Railways gets €250m liquidating Irish firms after tax row

The stories you need to read this morning in business, politics and current affairs – plus an in-depth interview with John Creedon, the radio and TV broadcaster

Revenue worried about ‘growing trend’ of businesses trading cash-only

Politicians to hear Revenue has noticed an uptick in off-books payments and as it attempts to clamp down on tax avoidance and evasion

Mica homeowners have exemptions to property tax ‘removed’

Revenue has told some homeowners they have to pay the LPT because they haven’t been admitted onto the scheme yet, as hundreds wait on Donegal County Council to deal with a major backlog of applications

Government reviews importing of goods made with forced labour

Move comes after legal rights group threatened court action to secure a ban on imports of cotton from the Xinjiang region of China that is produced by the forced labour of Uyghur Muslims and other ethnic minorities

Revenue extends debt warehousing scheme until May 2024

The Business Post has over recent weeks repeatedly highlighted the number of firms for which the original deadline was likely to prove problematic

Government to keep tax warehousing scheme under review

No decision has been taken whether to extend the scheme or not

Revenue gives struggling firms one week to clear debt

Companies one step away from enforcement action have been given seven days to pay tax debts or else face the sheriffs