CDD is Customer Due Diligence. Translating this into human language it means, that a business needs to assess the risk of the clients and need to get their clients ID and proof of address to be sure that you are not involved in any money laundering, any financial scam or terrorism actions.

Value Added Tax (VAT) is a tax that is paid on most goods and services at every stage of production and distribution. As a business owner, you may need to register for VAT and therefore charge VAT on your goods/services.

Since 15 June 2019, when registering for VAT, you must select whether you want to apply for “domestic only” or “intra-EU” VAT status. This requirement is part of the Two-Tier VAT Registration system implemented by Revenue.

Budget Ireland 2021 was announced on Tuesday 13th October 2020. Here are the hey points of what was presented to Government

A Person who is self-employed or with non PAYE income, like rental income, investment income etc is obliged to file an Annual Income Tax Return. This return is called a ‘self assessed tax return’.

If you have a business in the UK you should be aware that the transition period is nearing down and will conclude on 31st December 2020. The UK will leave European Union regardless of whether a trade deal is reached or not.