New VAT exemption rules for SMEs from 1 Jan 2025
From 1 January 2025, small businesses in the EU can take advantage of a new VAT exemption in Member States where they are not established.
The Government has approved the Sick Leave Bill 2022. Once signed by the President, it will become law.
For employers, this will cost them time and money if they don't have a sick pay scheme already in place. If the employees have 13 weeks of continuous service and provide a medical certificate, they will be entitled to 70% of pay subject to a max of €110 daily limit. This limit has been put in place to reduce the high costs that come with this new bill, as many sectors will still need to employ replacement staff.
year one | 3 days covered |
year two | 5 days covered |
year three | 7 days covered |
year four | 10 days covered |
For companies that have a more favourable sick leave scheme, then the Act will have no implications
Prospective employers will need to record employees' period of employment, dates of statutory sick leave for every employee and the rate of statutory sick leave payment for each employee. Failure to maintain accurate records may lead to a conviction and fine.
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