Top 10 things to know about coming to Ireland / leaving Ireland to work Some types of income remain subject to Irish income tax even though an individual is no longer Irish tax resident, if so an Irish income tax return will have to be filed in respect of that income. Where an individual … [Read more...]
Finance Act 2010
February 23, 2010 By
The Government recently published the Finance Bill 2010. Outlined below are some of the main measures contained within the Bill. Corporation tax Transfer pricing The Finance Bill has introduced transfer pricing legislation which will apply to transactions between associated parties. The new … [Read more...]
Property Management Companies
October 30, 2009 By
Property management purposes are formed to hold title to property in common ownership and to take charge of the management of the property. Typically, as each property in a block of apartments is sold by the developer, the purchaser is obliged on foot of the purchase agreement to become a member … [Read more...]
Redundancy rebates and tax payment difficulties
October 29, 2009 By
When a business is awaiting a statutory redundancy rebate and is experiencing difficulty in meeting its tax obligations because of a delay in receiving the repayment, then Revenue will defer collection of the tax for a reasonable period. The business should provide authorisation for payment of the … [Read more...]
EU VAT repayment claims
October 27, 2009 By
The present system of recovering VAT on business expenses incurred in other EU countries is cumbersome, as it is carried out manually and applications must be made to the Revenue authorities in each country. Electronic processing is being introduced on 1st January 2010. This will enable … [Read more...]
Credit Unions Interest Reporting
October 27, 2009 By
The Revenue commissioners have extended their voluntary disclosure initiative for undisclosed income or funds held in banks and building societies to credit unions. Taxpayers who had €100,000 or more in aggregate in credit union accounts (which included funds not previously declared for tax) at … [Read more...]
Pay and File 2009
October 27, 2009 By
In order to avail of the ROS extended deadline of 16th November, both the tax return and payment must be made through ROS. For those filing a paper form 11, returns must be delivered to the Collector General's office by 9a.m. on Monday 2nd November. In calculating the preliminary tax liability … [Read more...]
Non-Principal Private Residence
October 27, 2009 By
The Local Government (Charges) Act 2009 introduced an annual charge on the owner of a non-principal private residence (NPPR) fro 2009. To avoid late payment penalties the charge must be paid by 31st October 2009. Some answers to questions raised relating to the charge are listed … [Read more...]
Self-employed or employee?
October 27, 2009 By
"It is Revenue's position that locums are engaged under a contract of service (i.e. that they are employees) and that their remuneration comes within the scope of PAYE". This statement was contained in letters sent to GPs in the South-West Region in the last month. However, Revenue approach to … [Read more...]
NAMA Business Plan
October 15, 2009 By
The Business Plan in relation to the operation of NAMA has recently been published by the Government. It is anticipated that €77bn of loans will be transferred from the banks to NAMA. This includes €9bn of rolled-up interest on non-performing loans. The underlying assets were valued at … [Read more...]
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