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VAT Compensation Scheme

The Government Budget 2018 introduced the Charities VAT Compensation Scheme. Under the scheme, schools as charities may be able to reclaim some element of their VAT costs arising in 2024 based on the level of non-public funding they receive. Schools must exclude income and expenditure from canteens and tuck shops. A capped fund of €10 … Continued

BrightBooks Spring 2024 Webinar Recordings

Spring 2024 Webinar Recordings BOM Monthly Reports Generating and Reviewing Monthly Reports Date held: Wednesday March 20th > Watch webinar recording BrightBooks Overview Overview of BrightBooks & the changes from the previous Surf Accounts package Date held: Wednesday Feb 21st > Watch webinar recording BOM Monthly Reports and Suppliers ledger BOM Monthly Reporting & Maintaining … Continued

Sage 50 Spring Webinars 2024

Reviewing & Finalising BOM Monthly Reports Date held: Thursday April 25th 2024 > Watch webinar recording BOM Monthly Reporting & Maintaining an Accurate Suppliers ledger Date held: Thursday March 21st 2024 > Watch webinar recording BOM Monthly Reporting & Managing the Transition to the Bank Feeds Module Date held: Thursday February 22nd 2024 > Watch … Continued

State Examinations

Leaving Cert Examinations 2026; Oral Examinations in Irish and Modern Foreign Languages The Leaving Certificate Oral examinations in Gaeilge and Modern Foreign Languages examinations will be delivered by SEC appointed examiners in schools in the early part of the Easter holiday period from Saturday 28 March to Thursday 2 April 2026 inclusive. Examination Aides 8 … Continued

VAT/RCT Accounting Aids

A school must maintain a VAT & RCT file. Below is a list of supporting documents that must be kept on each file. Click below for a helpful sample excel sheet which you can record your VAT invoices and  RCT payments which will assist with Revenue returns and accounting record. > VAT/RCT Worksheet > VAT/RCT … Continued

VAT/RCT Deadlines

The FSSU has prepared a schedule of important dates for Revenue returns and the preparation and submission of annual financial accounts. The table below provides a schedule of important dates for filing returns to Revenue for VAT, RCT and RTD. The dates listed below are the latest date a return should be filed and paid … Continued

(ERR) Revenue Enhanced Reporting Requirements

The Finance Act 2022 introduced Section 897C which will require employers to report details of certain expenses and benefits made to employees and board of management members. Reporting the details of these expenses and benefits commenced on 1 January 2024. You must submit details of these expenses and benefits using Revenue Online Service (ROS). This submission … Continued

Tax Relief on Charitable Donations

Charitable Donation Scheme The Charitable Donation Scheme allows tax relief on qualifying donations made to approved bodies. For the purposes of the Charitable Donation Scheme, an approved body is: “primary, second and third level institutions who have programmes approved by the Minister for Education” For the purposes of the Charitable Donations Scheme, schools are automatically … Continued