This podcast was recorded on 12 January 2023

Kim Doyle, Tax Director, speaks with Mary Moran, Tax Director, about changes to the personal tax credits and rate bands for 2023, the new rent tax credit and the main tax credits individuals can claim to reduce their tax liability or claim a tax refund.


Finance Act 2022

Finance Bill 2022 was signed into law by the president on 15 December 2022.  Finance Act 2022 provides for the measures announced as part of Budget 2023 as well as additional tax provisions introduced during the legislative process.


Revenue Headline Results 2022

Revenue published their Headline Results for 2022 at the beginning of January.  A prelude to their Annual Report which is expected early Spring.

Earlier in the month, the Exchequer returns for December 2022 were published and make for some interesting reading. Read our commentary.


Temporary Business Energy Support Scheme (TBESS) – Update

The claims portal opened on 5 December 2022 and the first payments under the scheme have been made by Revenue.

Statistics from Revenue this month on the scheme tell us that:

  • 8,849 registered for the scheme
  • 3,975 have commenced the claim process (with 2,803 having completed the process fully)
  • Value of approved claims - €64m (€5.9m paid)
  • The vast majority of completed claims have been approved by Revenue
  • There are still a large number of eligible businesses yet to claim

More details are available in our insights article.


Pillar 2 – OECD Update

During December 2022, the OECD released its long-anticipated implementation package for Pillar 2, which includes three key documents covering:

  1. Guidance on safe harbours and penalty relief;
  2. A Public consultation document on the Global Anti-Base Erosion (GloBE) information return; and
  3. A Public consultation document on tax certainty for the GloBE Rules

Read our insight on the analysis and summary of the actions businesses should take.



The reduced 9% rate of VAT for the tourism and hospitality industry is due to end on 28 February next and return to 13.5%.


Income Tax for 2023

Mary Moran, Tax Director, discusses the changes to income tax credits for 2023, including the new rent tax credit, and how tenants can claim this rent tax credit for 2022 and 2023 tax years.  Mary also speaks about the common additional tax credits and reliefs available to individuals and the amount of possible tax refunds.