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The Latest Breaking News from Revenue

What the changes to the stamp duty exemption will mean for your farm

How often is it said that certain things are too good to last? This may now be the case for young farmers who intend to avail of the stamp duty exemption and trade as a limited company.

Irish Independent

Revenue detector dogs sniff out 2kg of illegal cannabis at Dublin Port and tobacco in Meath

Revenue confirmed that investigations are ongoing into both the finds which were found during routine operations

Dublin Live

Distribution company wins Revenue appeal over €6.54m Vat bill

A distribution company has won a tax row with the Revenue Commissioners concerning a disputed €6.54m Vat bill.

Irish Independent

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Your personal finance questions: I am 50 – should I take some money out of one of my pensions?

Q I turned 50 recently and I’m now eligible to take a sum of money from my pension. My question is this: I have two pensions, one which is quite healthy and one which is much smaller as I am only working in my current job seven years. My partner…

Irish Independent

SMEs buried beneath tax paperwork, says head of Irish Tax Institute

Ireland’s reputation as an easy place to do business is under threat from increasingly onerous tax filing requirements for SMEs, the President of the Irish Tax Institute (ITI) has warned.

Irish Independent

High Court rules Spanish firm does not have to pay tax bill on profits from motorways share sale

The Revenue Commissioner has failed to convince the High Court that a Spanish infrastructure company should pay capital gains tax on profits from disposing of shares in the Eurolink consortium that built and operates the tolled M4/M6 Kinnegad-Kilcock motorway.

Irish Independent

Reggie: ‘My yacht is the perfect getaway as Crookhaven is full of loud Dublin social climbers’

During the pandemic, Cork’s most famous millionaire snob, Reggie from the Blackrock Road, was brought to life from the pages of a spoof Irish Examiner column when writer Pat Fitzpatrick began filming himself as his alter ego in weekly videos that went viral on Twitter. Now Reggie is on a…

Irish Independent

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Why getting married can help you cut your tax bill

Recently engaged? Planning a wedding? Or remaining resolutely cohabiting with no intention of taking a trip down the aisle?

Irish Independent

Property prices up by 7.8pc despite higher mortgage rates

PROPERTY-price inflation continued to ease in December as higher mortgage rates and the cost-of-living crisis mean the ability of buyers to purchase has been hit hard.

Irish Independent

Revenue dog Milo helps sniff out 8 million smuggled cigarettes at Dublin Port

The cigarettes had an estimated value of €6.32 million

Irish Mirror

Revenue seize over €6 million worth of cigarettes at Dublin Port

The smuggled cigarettes were concealed in a consignment labelled 'food stuff'

Dublin Live

Close to half a million workers are due tax back from Revenue

Close to half a million taxpayers are owed refunds of millions of euro in what could prove to be a massive boost for consumers struggling with surging prices.

Irish Independent

Accountants lobby Enterprise Minister Simon Coveney for urgent changes to energy scheme

Enterprise Minister Simon Coveney is coming under pressure to revise the Government’s faltering energy subsidy scheme for businesses so that more companies can qualify for payments.

Irish Independent

Musgrave and operator of Ardee store end their High Court dispute

A High Court dispute over an attempt by a Musgrave Group company to have an examiner appointed to the operators of Lanney’s Supervalu in Ardee, Co Louth, has been resolved.

Irish Independent

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Irish Independent

Most firms yet to pay tax owed in Covid warehousing scheme as unpaid balance currently sits at €2.48bn

The vast majority of businesses using Revenue’s Covid tax warehousing scheme have not repaid the debt to taxpayers, preferring to pay interest on tax bills run up since 2020.

The Times of India

Need to bring changes to rules and regulations of revenue department, says Andhra Pradesh revenue minister

VISAKHAPATNAM: The State Revenue, Stamps and Registrations minister Dharmana Prasada Rao said that there is a need to bring changes to the rules and regulations and also the Acts of the Revenue department with the changing times.

Irish Independent

Married farm couple win €137,914 tax battle with Revenue over €950,000 sale of land

A married farm couple have won a €137,914 Capital Gains Tax (CGT) battle with the Revenue Commissioners arising from a €950,000 sale of 16.5 acres of farmland.

Irish Mirror

'I fear that businesses will close' - Irish shopkeeper shocked by €14,000 electricity bill

Mum-of-three Flora, 34, who employs up to 22 people, said the charges are the “biggest electricity bills I have ever seen in my life”

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Dublin Live

Dublin Airport officers seize nearly €500k worth of cannabis hidden in car parts and healthcare boxes

Officials uncovered 22.5kg of herbal cannabis, with a street value of over €460,000, hidden in parcels marked ‘car parts and healthcare products’ during routing inspections of air cargo consignments from Spain

Irish Independent

360,000 homeowners submit Local Property Tax values below Revenue’s estimates

Thousands of homeowners have submitted property tax valuations for their homes that are lower than the estimated value from Revenue.

Irish Independent

Over 300,000 have yet to claim new tax credit for renters

ONLY a fraction of the number of people who are eligible for the new rent credit have claimed.

Irish Independent

Revenue Commissioners to challenge legality of loan to Altada

The Revenue Commissioners plans to bring a court application challenging the legality of a €500,000 loan made to troubled artificial intelligence firm Altada when it was allegedly heavily insolvent.

Irish Mirror

Dublin Airport passenger questioned after Revenue officers seize major cash haul

The Swedish man, in his 50s, was taken to Ballymun Garda Station for questioning

Irish Independent

Valhalla and The Pope’s Exorcist among films in Section 481 tax credit scheme last year

New movies starring Liam Neeson, Kerry Condon, Sarah Greene and Russell Crowe were some of the big winners in the Revenue Commissioners’ Section 481 film corporation tax credit scheme for the Irish movie and TV production sector last year.

Dublin Live

Dublin Airport passenger questioned after Revenue seizes large sum of cash

A Revenue spokeswoman said the seized money is suspected to be the proceeds of, or intended for use in, criminal activity

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