MILEAGE AND SUBSISTENCE RATES UPDATED

Revenue have updated the mileage and subsistence rates for employees. The new mileage and subsistence rates take effect from 1st April 2017. Subsistence rates A new vouched accommodation domestic subsistence rate for Dublin has been introduced.. This acknowledges the difficulties encountered in sourcing suitable accommodation in Dublin based on payment of the current Civil Service … Read moreMILEAGE AND SUBSISTENCE RATES UPDATED

ROS – PAY & FILE DEADLINE EXTENSION 2017

ROS pay and file extension date announced Date of extension The ROS pay and file extension date for filing your Income Tax and Capital Acquisitions Tax returns is 16th November 2017 (originally 14th November 2017). To Qualify: Taxpayers who wish to avail of this extension must file their Form 11/Cat return and make the appropriate … Read moreROS – PAY & FILE DEADLINE EXTENSION 2017

CHANGES TO THE DWELLING HOUSE EXEMPTION

Changes were made to the dwelling house exemption in the 2016 budget. Section 52 of the Finance Act 2016 made changes to Section 86 of the Capital Acquisitions Tax Consolidation Act 2003 in respect to the dwelling house exemption. With effect from 25th December 2016: The dwelling house exemption will only available for inheritances. A … Read moreCHANGES TO THE DWELLING HOUSE EXEMPTION

DISCLOSURE OF FOREIGN INCOME AND ASSETS

Section 54 of the Finance Act 2016 brings in a deadline for the disclosure of foreign income and assets. From 1st May 2017 the penalty mitigation arrangements currently available to tax defaulters who make a qualifying disclosure of disclosure of foreign income and assets to the Revenue will be withdrawn in two situations: Where the … Read moreDISCLOSURE OF FOREIGN INCOME AND ASSETS