TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Consultation for employers hiring former members of the armed forces

The Government recently sought views about a National Insurance Contributions (NICs) holiday for employers who hire former members of the UK regular armed forces. The measure announced at Budget 2020 in March, will exempt employers for any NICs liability on veteran’s salary up to the upper secondary threshold in their first year of civilian employment.

This relief will be available to employers from April 2021. From April 2022, employers will claim this relief through PAYE in real time. However, transitional arrangements will be in place for the 2021–2022 tax year. This consultation closed on 5 October 2020.