Tax and accountancy issues of today
The Revenue recently released an e-brief about the requirement for Vat registered traders to submit an annual statistical Return of Trading details. The return form provides fields for a breakdown of the supply of goods and services, imports and deductible inputs at the various Vat rates applicable during the year. This includes all Irish, Intra … Read more RETURN OF TRADING DETAILS FOR VAT
A three year Corporation Tax Relief was introduced for new trades commencing between 1 January 2009 and 31 December 2014. Relief is limited to the amount of Employers PRSI subject to a cap of €40,000 Corporation Tax. Marginal relief is granted where Corporation Tax payable is between €40,000 and €60,000. The relief applies to a new trade … Read more THREE YEAR COMPANY START UP RELIEF
The Revenue issued an e brief to remind the self employed of the penalties they face by not returning and paying the Local Property tax/Household Charge. If you file your Income tax/Corporation tax or Capital Gains Tax on time, but at the date of filing: You have failed to submit your Local Property Tax … Read more LOCAL PROPERTY TAX – REMINDER TO THE SELF EMPLOYED
Budget 2012 introduced the CGT incentive relief for irish tax residents either an individual or a company. It applies to: Land and residential/commercial properties Bought in the European Economic Area (EEA) including Ireland. Purchased between midnight 7th December 2011 and 31st December 2013. Must be acquired for a consideration equal to the market value of the … Read more CAPITAL GAINS TAX INCENTIVE RELIEF ENDS ON 31ST DECEMBER 2013
The filing deadline for the Local Property Tax was 28th May 2013. However the Revenue have announced that outstanding returns that are filed before 1 July 2013 will avoid incurring interest and penalties. According to the Revenue, 1.55 million Local Property Tax Returns had been filed by 24th June 2013 Employers of those who opted to … Read more Local Property Tax Deadline