Taxation News

Taxation News

woman writing on sticky notes that are stacked on the wall
Tax and Duty Manual for “Charities and sports bodies on-line applications for tax exemption” updated.
Revenue have amended the Tax and Duty Manual for charities and sports bodies applying on-line for tax exemption to include a new Section 8

Section 8 sets out the:

  • Circumstances in which Revenue withdraws tax exemption from charities and sports bodies, and
  • The processes that are in place to do this.


Revenue announce extension to debt warehousing
On 18th of October 2022 Revenue announced a deferral of requirements to enter into agreements to repay warehoused debt to 1st of May 2024.

To avail of the extension, the business must already be eligible for warehousing. The extension applies to the Period 1 end date for all taxes that the customer has warehoused, so if a customer has all the eligible taxes warehoused (VAT, PAYE (Employer), IT, TWSS, and EWSS) then all these taxes will get the extension for periods up to the end of April 2022. Under the terms of the extension, businesses concerned could continue to warehouse tax liabilities up to 30 April 2022, including the April PAYE Submission (due 14 May 2022) and the March/April VAT Return (due 19 May 2022). The warehoused liabilities can remain ‘parked’ on an interest free basis for a 12-month period until 30 April 2023 (this is “Period 2 – the zero-interest phase”). At that point, the debt can be paid in full, interest free, or alternatively be paid on a phased basis over a suitable timeframe at a reduced interest rate of 3% per year (“Period 3”).

The extension does not apply to businesses which were not in receipt of one of the relevant COVID-19 support schemes up to April 2022. This means that the warehousing periods are unchanged for those businesses: Period 1 ended on 31 December 2021; Period 2 began on 1 January 2022 and will end on 31 December 2022; and Period 3 will commence on 1 January 2023

Source: Information booklet on debt warehousing and reduced rate of interest for outstanding ‘non-COVID-19’ debts (

Period 1
End Date for Eligible Taxes
Period 2
End Date for Zero Interest Phase on Warehoused Liabilities
Period 3
End Date to Agree a Phased Payment Arrangement with Revenue for Warehouse debt
Local Property Tax 2023
Revenue have published new guidelines on the Local property tax (LPT) section of its website outlining new properties that have become liable for the tax.

Properties that were liable for LPT in 2022 were charged LPT based on the valuation of the property as ay 1 November 2021. This valuation date will be used for residential properties for the period 2022 to 2025. Properties which are now newly liable for LPT in 2023 will need to be valued as if they had existed on 1 November 2021.

Properties are newly liable for LPT if they satisfy either of the following conditions:

  1. If it is a newly constructed residential property completed after 1 November 2021 and before 1 November 2022.
  2. If the property has come to be lived in or become suitable for use as a dwelling after 1 November 2021 and before 1 November 2022.

The LPT charge for these newly liable properties is based on the valuation of the property as at 1 November 2021. The property’s LPT charge for 2023 to 2025 is determined by the valuation of the property on this date.

You may need to register your property with Revenue if it has not already been registered for LPT or Stamp Duty.

You will need to self-assess the value as if the property existed on the date outlined above. The valuation will need to be submitted as part of the LPT return by 2 December 2022. The LPT charge will need to be paid or an arrangement put in place.

Certain properties may be exempt from LPT if they meet qualifying conditions. Provisions are in place for the deferral of payment under certain specified conditions.

Further details and examples can be found at Properties that have become liable (