Key things for business owners to remember when planning for 2023
Key things for business owners to remember when planning for 2023. Take your time to consider how these will impact you.
National Minimum Wage increase
There will be an increase from €10.50 to €11.30 effective 1 January 2023.
Statutory Sick Pay
The new Sick Leave Act provides for three days paid leave in 2023, the number of days will increase incrementally as follows:
2024 5 days
2025 7 days
2026 10 days
Financial Supports for your businesses
Other Supports for your businesses
Temporary Business Energy Support Scheme (TBESS)
Don’t forget to claim your supports. More detail on our TBESS Support update.
VAT Rate change
For hospitality and tourism businesses the 9% Vat rate will increase to 13.5% effective from 1 March 2023.
New rules on tips and gratuities and service charges
Effective from 1 December 2022, Employers must now display a ‘Tips and Gratuities Notice’. Employers must give employees a statement of the tips and gratuities distributed, including the total amount of electronic tips received during a particular period and how much was paid to them.
Also - Be aware of BIK changes for company vehicles – Upcoming changes to BIK rules in 2023 for company cars and vans.
See how this will impact you - read our previous blog here