Tax and accountancy issues of today
The Minister for Finance Michael Noonan T.D. launched a consultation on the tax treatment of travel and subsistence expenses for employees and office holders. The Revenue Commissioners will liaise with the Department of Finance in regard to matters arising from the review which could lead to the need to review current legislative provisions. Interested parties … Read more TRAVEL AND SUBSISTENCE EXPENSES CONSULTATION
From 1st July 2015 the Irish Civil Service distance and rates requirements have been updated. The distance requirements provide that: an overnight allowance which covers a period of up to 24 hours from the time of departure as well as any further period not exceeding five hours will only be payable free of tax in … Read more REIMBURSEMENT OF SUBSISTENCE EXPENSES TO EMPLOYEES (INCLUDING DIRECTORS)
COMPANIES REGISTRATION OFFICE The B1 annual return and accounts are due for Limited Companies with a year end between 1st and 31st October 2014. REVENUE Due by 21st July 2015 Preliminary tax for limited companies whose year end is between 1st and 31st August 2015 Due from limited companies whose year end is between 1st … Read more JULY DEADLINES FOR LIMITED COMPANIES
Various bodies are calling on the Government to end the discrimination suffered by the self employed under the taxation system. Small businesses with under ten employees are the life blood of the country. The owners of these businesses take risks starting up and work hard to keep them running. Yet there is a disparity to … Read more CALLS FOR END OF THE DISCRIMINATION AGAINST THE SELF EMPLOYED
Tax relief can be claimed on certain medical expenses and nursing home fees. Medical expenses Tax relief can be claimed on certain medical expenses paid less any reimbursements (medical insurance, compensation). The relief is given at the standard rate of tax of 20%. Routine dental and ophthalmic care is excluded. Nursing home fees Nursing home … Read more MEDICAL EXPENSES AND NURSING HOME FEES