The Finance Bill was published yesterday. It implements the provisions announced in Budget 2012 but a number of additional measures were introduced. Stamp duty As announced in the Budget: The rate of stamp duty on non-residential property is 2% from 7th December 2011; Consanguinity … [Read more...]
R & D Changes
January 16, 2012 By
The Budget which was presented on 6th December 2011 contained an outline of proposed amendments to the existing research and development expenditure credit which is available to companies. Until now, the credit amounted to 25% of the qualifying expenditure on “incremental” research and … [Read more...]
Updating of Revenue Records on Department of Social Protection (DSP) Pensions
January 16, 2012 By
As highlighted in the media Revenue have been cross checking their records on pension payments against the Department of Social Protection (DSP) records. Where the cross check indicates that tax has been under or overpaid Revenue have sent letters advising that the 2012 tax credits will be … [Read more...]
Household charge
January 16, 2012 By
The new household charge of €100 is payable on or before 31 March 2012. The website www.householdcharge.ie has been set up to allow individuals to pay the charge online and it also contains information regarding the household charge. Anyone wishing to avail of the direct debit option should … [Read more...]
Retirement Annuity Relief
October 21, 2011 By
Revenue have issued a tax briefing outlining how retirement annuity relief will be calculated for the 2010 and 2011 tax years. A copy of this briefing can be found by clicking on the following link: http://www.revenue.ie/en/practitioner/tax-briefing/2011/no-052011.html If you have any queries … [Read more...]
Changes to the operation of Relevant Contracts Tax (RCT)
October 21, 2011 By
Revenue are currently implementing a change management plan for the introduction of the new RCT system. The new system is subject to a commencement order by the Minister for Finance but is expect to begin on 1 January 2012. Under the new system all contacts between principals and Revenue will … [Read more...]
September Tax Update: Tax Debt Write-offs and CAT filing
September 28, 2011 By
Significant increase in tax debt write-offs, according to the Comptroller and Auditor General’s 2010 Report Debts owing to Revenue amounted to €2.1 billion at end-March 2011; Tax debt write-offs increased by 72% in 2009, compared with 2008 and a further increase of 35% was recorded in … [Read more...]
Revenue Chairman comments on “shadow economy”
September 28, 2011 By
Revenue Chairman comments on “shadow economy” In her opening statement before the Public Accounts Committee last Thursday, Revenue Chairman Josephine Feehily spoke about the shadow economy. She commented that the shadow economy grows in times of recession “as people look for ways to replace … [Read more...]
Job Vacancy – Chartered Account Iraq (Filled)
September 19, 2011 By
Chartered Accountant – Iraq – Temporary placement This position has been filled An immediate vacancy has arisen for a chartered accountant in Iraq. The placement will be for a period of between one and two months. The successful candidate will ideally have construction industry … [Read more...]
Tax Update Sept 2011 – CAT and Civil Partnerships
September 13, 2011 By
Capital Acquisitions Tax The filing date for returns to Revenue in respect of 2010/2011 is 30th September 2011 – a matter of days away. Gifts and inheritances received during the year ended 31st August 2011 must be declared by 30th September if interest on late payment is to be avoided. Failure … [Read more...]
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