BrightBooks

Software that automates the supplier-invoice side of the ledger: capture of incoming supplier invoices, auto-coding to nominal and VAT, approval workflow, and payment posting. Distinct from expense management, which handles employee-initiated spend.

The annual Corporation Tax return filed by Irish resident companies through ROS. Trading income is taxed at 12.5% (or 15% for large groups in scope of Pillar Two); passive income and certain non-trading profits are taxed at 25%.

The annual self-assessment income tax return for self-employed individuals, company directors with material interests, and taxpayers with non-PAYE income. Filed through ROS by 31 October (or mid-November via ROS Pay and File extension).

An automated daily connection between an Irish business bank account and accounting software, removing CSV uploads. Modern feeds run over PSD2 Open Banking APIs; older feeds use Yodlee or Plaid screen-scraping.

Vendors.ie term for the integrated four-layer workflow that moves an Irish SME from a business spend transaction to a Revenue-compliant VAT reclaim line without manual data entry: card or bank feed, receipt capture, VAT extraction, and accounting integration.

A withholding tax that principal contractors deduct from payments to subcontractors in construction, forestry and meat-processing. Rates are set by Revenue at 0%, 20% or 35% based on the subcontractor's compliance record.

The mandatory structured electronic invoicing regime being rolled out by Revenue, aligning Ireland with the EU ViDA (VAT in the Digital Age) package. Invoices must be issued in a machine-readable format (UBL or CII) and transmitted via the Peppol network.

A VAT rule specific to Irish construction services: where both parties are RCT-registered, the subcontractor invoices net of VAT and the principal accounts for the VAT in their own VAT3 return.

Revenue's secure portal for businesses, agents and large filers. Used to file VAT3, Form 11, CT1, RCT notifications, PAYE submissions and to access Revenue Payroll Notifications (RPNs).

The periodic VAT return filed with Revenue via ROS. Most Irish businesses file bi-monthly; small traders can apply for four-monthly or annual filing. An annual Return of Trading Details (RTD) accompanies the final period.

Mentor-led digital transformation programme for businesses with 11-50 employees, with a follow-on grant of up to EUR9,000 (50:50 cofunded) for implementation.

Income tax relief for investors who put new equity into a qualifying SME, letting founders raise capital from private investors at preferential after-tax cost.

State-backed long-term loans of EUR25,000 to EUR3 million for SMEs and small mid-caps investing in growth, productivity or sustainability projects, on preferential terms via participating lenders.

Unsecured business loans of EUR2,000 to EUR50,000 for microenterprises that have been declined credit by a bank.