Tax and accountancy issues of today
Capital Gains Tax is a tax on gains arising on the disposal of assets. An asset for Capital Gains Tax purposes is a house, land, business, shares, certain paintings and antiques. Who is liable? It is payable by anyone who disposes of an asset other than their Principal Private Residence. In addition a tax return … Read more CAPITAL GAINS TAX 2017 DEADLINE
The Revenue have further extended the deadline for submission of self assessment tax returns. The deadline has been extended to 16th November 2017 (originally 14th November 2017). The extended date also applies Capital Acquisitions Tax returns in respect of gifts or inheritances with valuation dates in the year ended 31st August 2017.
Self assessment deadline is 31st October 2017 for self-employed taxpayers, PAYE workers and retired persons with other income. Self employed taxpayers: Must submit accounts for the accounting year that ends in 2016. If the accounting year ends on 30th June 2016, these accounts are submitted on the 2016 Form 11. It is important to note … Read more 2017 IRISH SELF ASSESSMENT DEADLINE
A Chargeable person for self assessment is a person who is chargeable to tax. An individual with PAYE income and income from non PAYE sources may be a chargeable person. If the total non-PAYE income assessable to tax is : less €5,000 (€3,174 for 2015 and prior years) taxed at source (eg DIRT) The … Read more CHARGEABLE PERSON – CHANGES TO THRESHOLDS
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 more MILEAGE AND SUBSISTENCE RATES UPDATED