This podcast was recorded on 19 October 2022.

Kim Doyle, Tax Director with Grant Thornton is joined by Elaine Flynn, Associate Tax Director with our Global Mobility Team in Ireland and Floor Den Hollander, Tax Manager with our International Tax team in the Netherlands. 


Tax Developments

Debt Warehousing Scheme

Revenue announced an important and significant extension to the Debt Warehousing Scheme. Under the scheme, businesses with warehoused debt were due to enter into an arrangement with Revenue to deal with that debt by the end of the year (or by 1 May 2023 for those subject to the extended deadline). Given the current economic uncertainty, Revenue has extended the timeline to 1 May 2024.

Also, Revenue have recently contacted all taxpayers who partook in the Debt Warehousing Scheme (“DWS”), as well as those for whom the DWS was automatically made available (taxpayers in Revenue’s Business and Personal Divisions) but who did not avail of the scheme.

Our Debt Warehouse Scheme bulletin provides more information on these developments.


Finance Bill 2022

At the time of recording we were waiting on Finance Bill 2022, this was subsequently published on Thursday 20 October.  On the podcast we highlight changes flagged to two measures initially announced as part of Budget 2023:

  • The new €500 rent tax credit is now set to apply for students in third level education where rent is paid by parents. The tenancy must be registered with the Residential Tenancies Board.
  • The defective concrete products levy will be amended and delayed to next September pending stakeholder consultation.

For more on these changes and our summary of all the key measures. read our commentary on Finance Bill 2022.


Global mobility and employer solutions

Elaine, Floor and Kim discussed the following:

  • Personal tax implications for individuals who are employed in the Netherlands and who have taken up a long-term secondment to Ireland for a period of 2 years.
  • Employer payroll withholding tax implications where employees are on secondment in Ireland.
  • Social security considerations for employees working abroad.
  • Corporate tax implications for companies with employees working abroad with a focus on permanent establishments.
  • The permanent establishment considerations.
  • The tax and social security considerations for employees and employers where the employee works remotely on a short-term basis in either the Netherlands.