From 1st, January, 2014, reductions in the filing and payment frequencies for VAT, PAYE/PRSI and RCT by smaller businesses are being extended as summarised below: Businesses making total annual VAT payments of less than €3,000 are eligible to file VAT returns and make payments on a 6 monthly basis; Businesses making total annual VAT payments […]
Tag: Taxation
Local Property Tax Surcharge
Chargeable Persons for Income Tax, Corporation Tax or Capital Gains Tax who have not fulfilled their obligations with regard to Local Property Taxes (LPT) may fall foul of the LPT Surcharge of 10% of their Income Tax, Corporation Tax, or Capital Gains Tax liability, where their LPT Return is outstanding or an agreed payment arrangement […]
Finance Bill 2013
As stated by Chartered Accountants Ireland, The Finance Bill includes details on the main new income tax reliefs; the Home Renovation Incentive and the Start Your Own Business Relief. The Bill gives legislative effect to these reliefs and the other tax measures announced in the Budget. A number of further tax measures are included in […]
The Taxation of Irish Rental Income
All PRTB affairs must be in order to secure an interest deduction for residential rental properties. As stated in the Citizens Information, The Private Residential Tenancies Board (PRTB) is an organisation set up by the Government of Ireland. Its main role is to provide a dispute resolution service for landlords and tenants. The PRTB is […]
CAT Planning
If you receive a gift, you may have to pay Gift Tax on it. If you receive an inheritance following a death, it may be liable to Inheritance Tax. Both these taxes are types of Capital Acquisitions. The benefit (the gift or inheritance) is taxed if its value is over a certain limit or threshold. Different tax-free thresholds […]
Taxation of Pensions
The closing date for relief on personal pension contributions for the 2012 tax year is 14th, November, 2013. The relief available on contributions is linked to the age of the contributor and an overall income threshold. The relevant information is as follows: Age % of Net Relevant Earnings Up to 30 years 15% 30 but […]
Omnipro – Credit Union Conference 2013
The Omnipro Credit Union Conference was held in the Crowne Plaza in Dublin, September of this year. David McArdle and Patrick Loughnane of FMB were part of the course facilitators as they discussed the Loan Book Reviews and PRISM Visits of the Credit Union and Central Bank. The areas covered for the Loan Book Review were: Types of […]
