TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Income Tax

Tax Relief on Third Level Fees

The relief available for fees paid for third level education has been restricted by section 11 of the Bill which provides that the first €2,250, (was €2,000), in fees per claim will be ineligible for tax relief where the fees are in respect of full-time education. Where students are in part-time education, the first €1,125 in fees will be ineligible; this has increased from €1,000.

Retirement Relief for Certain Income

Section 5 provides that professional cricket players will now also be able to avail of relief from income tax in respect of certain earnings and consequently be eligible for a higher rate of relief on pension contributions.

Share Based Remuneration

Section 4 provides for a number of administrative changes intended to clarify the tax treatment of share based remuneration.

Section 2 also contains a number of technical amendments in relation to the application of the USC to share based remuneration.