TAX

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

The Revenue have issued e-brief 12/12 to clarify certain issues relating to capital allowances and the universal social charge. The capital allowances that are deductible are those incurred on the provision, for trading purposes, of Plant and Machinery,Vehicles used for business purposes, Certain types of buildings, such as factories or farm buildings. Any capital allowances … Read more UNIVERSAL SOCIAL CHARGE AND CAPITAL ALLOWANCES

This article looks at how Budget 2012 affects farmers in Ireland. In his Budget Day speech, Mr Noonan said ‘Active ,energetic and profitable farming is fundamental to the agri-food sector.’ The main taxation changes that affects farmers and their families are:   INCOME TAX Stock relief of 50% (100% for certain young trained farmers) for … Read more FARMERS AND BUDGET 2012

6th December 2011 Mr Michael Noonan announced details of tax adjustments.   Corporation Tax Corporation tax to be kept at 12½% Income tax no change in rates, bands or credits Universal Social Charge Increase of lower exemption from €4,004 to €10,036 Move USC to a cumulative system Illness Benefit The tax exemption currently applicable to … Read more BUDGET 2012