Tax and accountancy issues of today
Budget 2014 inserted a new section No. 62A into the Vat Consolidation Act 2010. This came into effect from 1st January 2014. An accountable person must repay the Input Vat they claimed if the relevant good/service has not been paid by them within three taxable periods (six months) following the end of the period in which the … Read more VAT CLAWBACK OF UNPAID INVOICES
The Department of Finance has announced that plans to bring the Pay and file deadline date forward have been postponed for 2014. The plan to change the date arose as the budget has been moved from its traditional date in December to October. The file and pay deadline for 2013 was 31st October which was after … Read more NO CHANGE TO PAY AND FILE DEADLINE
According to a discussion paper attached to the Food Harvest 2020 report issued by the Department of Agriculture, Fisheries and Food “Both the abolition of EU milk quotas in 2015, and the annual quota increases under CAP Health Check, present Irish milk producers and the industry with an opportunity to respond to this increased demand and … Read more FARMERS AND COMPANY INCORPORATION
Michael Noonan has announced the Budget for 2014 The following remained unchanged from 2013: Tax rates and tax bands Exemption limits for persons 65 years and over Marginal rate relief for a person employing a carer All tax credits except for One Parent Family Tax Credit which has been replaced by the Single Person Child Carer Tax Credit … Read more BUDGET 2014
SEPA comes into effect on 1st February 2014. From that date existing national payment schemes will be closed down and euro electronic payments will be processed through new SEPA schemes. It will standardise euro electronic payments across Europe. It will mean that you can make and receive payments seamlessly, collect a direct debit on any … Read more SINGLE EURO PAYMENTS AREA (SEPA)