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IFRS Insights into IFRS 3 - Recognition principle
Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business. This article explains the recognition principles set out in IFRS 3.
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At Grant Thornton we meet the challenges of our clients. Our Business Process Outsourcing (BPO) model is tailored for growing multinational companies to support the transition and transformation of finance functions and business growth.
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Podcast Going International - Isle of Man
In this episode of the Going International podcast, Cristina Santos talks to Amanda Cowley, Head of Practice in Isle of Man, about tax and compliance aspects of doing business in this jurisdiction, such as many IOM entities being affected by the UK Register of Overseas Entities requirements with upcoming deadlines of 31 January.
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FS Download - Issue 10 FS Download - Issue 10
Welcome to Issue 10 of the GT FS Download. This issue summarises the current hot topics across the Financial Services sector in Ireland.
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Employer Solutions Special Assignee Relief Programme (SARP): Employer Year End Obligations
Businesses with employees who availed of SARP during 2022 are required to file their annual SARP Employer Return with Revenue by 23 February 2023. SARP was introduced as a way to encourage key employees within an organisation to relocate to Ireland. Where certain conditions are satisfied, 30% of taxable employment income in excess of €75,000 (€100,000 for the years 2023 to 2025) will be disregarded for Irish income tax purposes; however, such income is not exempt from the USC and PRSI.
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    VAT Court of Justice of the European Union - GE Aircraft Engine Services Ltd 25 Jan 2023
    The Court of Justice of the European Union (“CJEU”) recently handed down a judgement in the case of GE Aircraft Engine Services Ltd (C-607/20), concerning the
    Tax Finance Bill 2022 – Key Indirect Tax Measures 27 Oct 2022
    Albeit the announcements made on Budget Day were relatively subtle on the indirect tax front, the Finance Bill (the Bill) introduces a variety of VAT changes
    Tax Relevant Contracts Tax 13 Sep 2022
    As a principle contractor, are you ready for a potential potential Revenue Audit? Given the complexity of Relevant Contracts Tax (RCT) and the heightened
    Tax Quarterly indirect tax update – August 2022 27 Jul 2022
    In recent years Ireland has become an epicentre for Foreign Direct Investment (FDI) for a number of reasons including connected world class research,
    Indirect Tax Quarterly Update Indirect Tax Quarterly Update 08 Apr 2022
    The EU VAT e-Commerce Package which came into effect from 1 July 2021 has been well publicised over the past 12 months. One particular aspect of the changes
    Tax and Legal VAT Groups 08 Apr 2022
    Two or more persons may decide to operate as a single VAT registered body for the purposes of VAT - known as a VAT group. To form a VAT group, an application
    Tax and Legal VAT Import One Stop Shop – Latest Revenue Guidance on Joint and Several Liability for Intermediaries and Suppliers 08 Apr 2022
    The EU VAT e-Commerce Package which came into effect from 1 July 2021 has been well publicised over the past 12 months. One particular aspect of the changes
    Tax and Legal VAT Section 56 authorisation 08 Apr 2022
    Revenue have updated the guidance material on the operation of the Section 56 authorisation system. Generally, a VAT registered entity is eligible to apply for
    Tax Quarterly indirect tax update - December 2021 17 Dec 2021
    Finance Bill 2021 introduced limited changes in relation to Indirect Taxes.
    COVID-19 Change in the Standard VAT rate from 1 September 2020 27 Jul 2020
    As part of the July Stimulus Package the Minister for Finance has announced a temporary reduction in the standard rate of VAT for a six month period. On 1
    Tax and Legal Indirect tax update: Financial services 16 Jul 2020
    This financial services update will discuss two important VAT cases and also provide a high level summary of other indirect tax developments relevant to the
    COVID-19 COVID–19: EMEA VAT specific measures 20 May 2020
    Due to the impact of COVID-19, many countries across the globe are offering various reliefs for paying and reporting VAT. Please find outlined below an update
    Tax and legal Introduction of Temporary VAT measures 11 May 2020
    In the context of the current Covid 19 emergency, Revenue have published guidance (eBrief 77/20) on the zero rating of certain medical equipment and products
    COVID-19 Navigating your business through COVID-19 - VAT and customs update 22 Apr 2020
    Given the unique situation facing the Irish economy as a result of the worldwide COVID-19 pandemic, a number of clarifications have been made and relieving
    COVID-19 VAT and Relevant Contracts Tax (“RCT”) in light of current landscape 31 Mar 2020
    Given the unprecedented situation facing taxpayers and the Irish economy as a result of the worldwide COVID-19 pandemic, the Irish Revenue Commissioners
    VAT VAT Compensation Scheme for Charities - do not miss the deadline this year! 18 Feb 2020
    The claim for the VAT Compensation Scheme for Charities must be submitted by the 30th June 2020
    VAT alert VAT return of trading details 03 Feb 2020
    All RTD’s for businesses with a 31 December 2017 year end must submit a RTD on or before 23 January 2018 via the Revenue Online System (“ROS”). Please contact
    Update Quarterly indirect tax update September 2019 12 Sep 2019
    See our Quarterly indirect tax update for September 2019
    Factsheet Indirect tax for the construction industry 04 Sep 2019
    As the property market and building trade are continuing to flourish, it is opportune for businesses carrying out construction operations to remind themselves
    Factsheet VAT and Customs – Brexit essentials 04 Sep 2019
    It is essential for businesses to consider the indirect tax implications, including VAT and customs, without delay.
    Tax Quarterly indirect tax update 28 May 2019
    Read this months Quarterly indirect tax update
    Tax VAT on property sales 04 Apr 2019
    Read our latest article about VAT on property sales
    Brexit Introduction of Brexit Omnibus Bill 14 Mar 2019
    On 20 February 2019, the ‘Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2019’ was initiated by the government. This
    Indirect tax Quarterly indirect tax update - January 2019 15 Jan 2019
    Read our January quarterly indirect tax update
    Tax Direct to indirect taxation 08 Jan 2019
    Read our latest publication on direct to indirect taxation
    Finance Bill Finance Bill 2018 – Indirect Taxes 24 Oct 2018
    See some of the key changes relating to indirect taxes in Finance Bill 2018.
    VAT Does your VAT 56B Authorisation Certificate require renewal? 03 Oct 2018
    As the holder of a VAT 56B Authorisation Certificate (VAT 56B), you will no doubt be aware that you are entitled to receive qualifying goods and services at
    Tax Quarterly indirect tax update - September 2018 26 Sep 2018
    Read our September quarterly indirect tax update
    Tax Global indirect tax guide 19 Sep 2018
    Welcome to the third edition of our global indirect tax guide
    Tax The Sugar Sweetened Drinks Tax – are you impacted? 13 Mar 2018
    The Sugar Sweetened Drinks Tax (“SSDT”) is expected to come into effect on 6 April 2018 – are you impacted?
    30 of 35 article
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