So, if your yearly home heating and lighting bill comes to €1,000, this means you could make a deduction on your tax return for €100. An ideal system would provide employees with vouchers to spend in their locality, he said, which would have a “knock-on effect in trying to kickstart the local economy”. “There’s a way of doing it more tax efficiently because, currently, there is a voucher you can pay to employees – the One4All voucher – which is tax-free up to €500. This is also an issue from a corporate tax perspective, Rooney added, because companies that are resident in Ireland have to make their decisions in the country and have their management team based here, too. Our Website uses cookies to improve your experience. Mickey Rooney (born Joseph Yule Jr.; September 23, 1920 – April 6, 2014) was an American actor, vaudevillian, comedian, producer and radio personality. In terms of employees who are continuing to work in Ireland, Rooney said that basic salaries should not change because they are working from home unless they are receiving the Government’s Wage Subsidy Scheme. “I did a survey with clients about two months ago when this first started and none of my clients were thinking of paying this homeworking allowance because they were thinking this would only last for, you know, five or six weeks and then everyone would be back in the office,” Rooney said. 7 US companies hiring in Ireland right now, 7 of the coolest science jobs in the world, Thinking about a career in marketing? My main contribution to a better working world is by helping HR and Tax functions equip themselves for these challenges.”. What is ‘zero-rating’ and why is the EU taking action against it? Looking for some great streaming picks? Many of Rooney’s clients have been wondering whether a voucher system might work. But with government restrictions in place and offices closed for the foreseeable future, those cars may be parked outside employees’ houses and are not being used. Lifelong learning: 8 ways to show your staff you’re in it for the long run, Everything you need for a successful September job hunt, Avanade Ireland’s diversity lead: ‘The reality is that I’m part of the problem’, A day in the life of a health-informatics COO during Covid-19, Why this former Google lead is teaching kids the applications of AI, How BT Ireland’s head of HR stays productive while working remotely. See the TV shows set to premiere in the rest of 2020, including "Utopia" and Season 2 of "The Mandalorian.". Get our weekly newsletter for award-winning news, features and advice on sci-tech careers, Our sci-tech careers newsletter will bring insights from our experts direct to your inbox every week, All content copyright 2002-2020 Silicon Republic Knowledge & Events Management Ltd. Reproduction without explicit permission is prohibited. “I’d really like to see if we could look at paying something similar in Ireland,” he said. Revenue has issued guidance here, Rooney said. In his role, he oversees the tax function, and strategises and coordinates projects within his team. EY tax partner Michael Rooney says the firm faced some challenges in adapting to working from home in the first few months of the crisis. How do companies ensure diversity in their workforce? In his role, he oversees the tax function, and strategises and coordinates projects within his team. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Why J&J took ‘a very agile’ approach to work during Covid-19, The future of cloud computing may be hybrid, Why ‘grabbing the nettle’ will be crucial for business after Covid-19, Join us for Future Human, the first major international hybrid tech event. “And also, there are some tax advantages and planning, like the Special Assignee Relief Programme, that are actually dependent on the person being a resident in order to claim the advantages,” he added. What’s in store for the future of work in Ireland? Please refer to your advisors for specific advice. “Globalisation, growing tax regulation and the sharing of data by tax authorities across jurisdictions is increasing the complexity and reporting requirements for HR and Tax functions.