Xero

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.

EU regulatory framework that lets authorised third parties access bank account data (AIS) and initiate payments (PIS) on the customer's behalf. The basis for live bank feeds and payment-initiation tools.

The PSD2-mandated regime under which Irish banks expose regulated APIs that authorised third-party providers (TPPs) can use to read account data (AIS) or initiate payments (PIS) on a customer's consent.

The EU directive governing payment services and payment service providers across the EEA. Transposed into Irish law by SI 6/2018 (European Union (Payment Services) Regulations 2018). Created the open banking and Strong Customer Authentication regimes.

Software that ingests a photographed, emailed or scanned receipt and uses optical character recognition to extract structured fields - supplier, date, net, VAT rate, VAT amount, currency - so the receipt can be posted to accounting software without manual keying.

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.

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.

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 standardised Euro pull-payment scheme covering all SEPA countries. A creditor with a Creditor Identifier and a signed mandate can debit the debtor's account in any participating bank using a pain.008 XML file.

The SEPA Direct Debit scheme variant for business-to-business collections. Faster settlement than SDD Core and no eight-week refund right once the debtor's bank has authorised the mandate, making it the standard for predictable B2B receivables.

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.