Tax and accountancy issues of today
The Non Principal Private Residence Charge (NPPR) was introduced by The Local Government (Charges) Act 2009. It imposed a €200 annual charge on non principal private residences,payable by the owners to the local authority in whose area the property concerned is located. With the introduction of the Local Property Tax in 2013 the NPPR charge … Read more NON PRINCIPAL PRIVATE RESIDENCE CHARGE 2014 PENALTIES
Section 48 Finance Act 2013 inserted Section 604b into TCA 1997 The Department of Agriculture have issued guidelines as provided by the new section Farm restructuring is the sale and purchase of qualifying lands: Where a famer sells a parcel of land and buys a parcel of land Sale and purchase must be within 24 … Read more FARM RESTRUCTURING RELIEF
The eForm 12 2013 is being rolled out in two phases: First phase in April 2014 Second phase in July 2014 It is to be completed by a person whose main source of income is from a PAYE employment or pension or a non-proprietary company director who pays all his or her Income Tax under … Read more ELECTRONIC VERSION OF FORM 12 NOW AVAILABLE
The Revenue have announced a final opportunity for those who have not done so to bring their Local Property Tax and Household Charge Tax affairs up to date without incurring penalties. Property owners who: Have not paid the 2012 Household Charge Have not filed and paid the 2013 + 2014 LPT Have undervalued their property … Read more LPT-LAST CHANCE TO AVOID INTEREST AND PENALTIES
Most issues between a taxpayer and the Revenue can be resolved in the normal course of business by dealing directly with the Revenue officer handling the case. However for the issues that cannot be resolved this way there is leaflet CS4 (effective from 1st January 2013) which outlines the Complaint and Review procedures open to a … Read more REVENUE COMPLAINT AND REVIEW PROCEDURES