Tax and accountancy issues of today
Congratulations to a member of our staff Valerie Kenny on her achievements. On Saturday 8th December 2012, she was awarded first prize in the Professional Stage 2, Advanced Taxation Examination 2012 with The Institute of Certified Public Accountants in Ireland as well as receiving her Certificate of Membership.
The budget for 2013 was announced by Michael Noonan The key points are: CAPITAL TAXES Capital Gains Tax and Capital Aquisitions Tax increased to 33% The thresholds for these taxes has been reduced by 10% DIRT TAX DIRT tax has been increased to 33% INCOME TAX Tax bands and Tax credits remain unchanged Maternity Benefit will … Read more BUDGET 2013
All owners of domestic wastewater treatment systems are required to register their systems with the water services authority in the area they are located. A website has been set up by the Department of Environment,Community and Local Government called protectourwater.ie to facilitate payment of the charge. Registration forms are available for those who are not able … Read more REGISTRATION OF SEPTIC TANKS IN IRELAND
Following a ruling by the European Court of Justice, Irish GPs must charge Vat at 23% for certain medical services. It differentiates between two different types of services a GP provides: If a person must have a medical check which is intended to protect their health – it is exempt from Vat. If the medical check is being … Read more MEDICAL SERVICES AND VAT
From 1st May 2012, a supply of construction services in the state by an accountable person to a connected person is subject to a reverse charge. This places the onus on the recipient of construction services from a connected person,rather than the supplier, to account for and pay the Vat. This follows on from rules … Read more REVERSE CHARGE FOR SUPPLIES OF CONSTRUCTION SERVICES – NEW RULES FROM 1 MAY 2012