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Rent Tax Credit

A new Rent Tax Credit was introduced in December 2022 for people who pay for private rented accommodation. The tax credit is 20% of the rent you paid in a year, up to a maximum of €500 per person, or a €1,000, if you are a couple jointly assessed for tax. The credit is available for rent you have paid for:

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Change to Company Vehicle BIK rules from 1 January 2023

Employer Provided Cars From 1 January 2023, Benefit in Kind (BIK) on employer provided cars will be calculated with reference to CO2 emissions. Employers should review their benefit in kind policy and discuss these changes with their employees / directors who have employer provided cars. One notable change is with respect to electric vehicles; currently there is an exemption in

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Statutory Sick Pay

The Sick Leave Act 2022 came into force from 1 January 2023. The new legislation gives both part time and full time employees the right to a minimum period of paid leave if they become sick or sustain an injury that makes them unfit for work. Employees will be entitled to a rate of 70% of usual daily earnings up

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Minimum Wage Increase

Minimum wage rates in Ireland for 2023 and the new living wage From January 2023, minimum wage workers will see an increase in their pay packets of 80c per hour. This is the first step in a four-year plan for a National Living Wage to replace the National Minimum Wage. The new minimum wage rates, effective from 1st January 2023,

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Temporary Business Energy Support Scheme (TBESS)

The Temporary Business Energy Support Scheme (TBESS) is open for registration. Where a business has experienced an uplift of 50% or more its energy bills (i.e. electricity / gas bills) compared with the corresponding month in the previous year, it may qualify for relief under the TBESS. To be eligible a business must • be tax compliant • carry on

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