MINIMUM WAGE INCREASE

National Minimum Wage increase on 1 January 2024 The national minimum hourly rate will become €12.70 on 1 January 2024. Category of employeeHourly rateAged 20 and above€12.70Aged 19€11.43Aged 18€10.16Aged under 18€8.89 Since 4 March 2019 trainee rates have been...

Enhanced Employer Reporting

The Finance Act 2022 introduced Section 897C which will require employers to report details of certain expenses and benefits made to employees and directors. Reporting the details of these expenses and benefits will commence on 01 January 2024. For further information...

Stock Relief- Young Trained Farmers

Tax and Duty Manual Part 23-02-01, which deals with enhanced stock relief of 100% for young trained farmers, has been updated to reflect amendments in Finance Act 2022. The availability of the relief has been extended...