Tax and accountancy issues of today
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 more ROS – PAY & FILE DEADLINE EXTENSION 2017
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 more CHANGES TO THE DWELLING HOUSE EXEMPTION
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to tax defaulters who make a qualifying disclosure of disclosure of foreign income and assets to the Revenue will be withdrawn in two situations: Where the … Read more DISCLOSURE OF FOREIGN INCOME AND ASSETS
The succession farm partnership scheme was first announced in Budget 2016. It was subject to EU state approval which has now been received. The details of the succession farm partnership scheme are being finalised. It is hoped that the scheme will be ready to commence in January 2017. The scheme gives the farmer and their … Read more SUCCESSION FARM PARTNERSHIP SCHEME
Budget 2016 has extended the Start Your Own Business relief to 31st December 2018. This scheme provides an exemption from Income Tax up to a maximum of €40,000 per annum for a period of two years. To qualify for this scheme you must have been unemployed for at least 12 months prior to starting the … Read more START YOUR OWN BUSINESS RELIEF