BREXIT – TAX IMPLICATIONS FOR IRELAND

Overview: When the UK voted to leave the EU on the 23rd June 2016, no one could have imagined that the details of the exit would still be unknown and undecided almost three years later. What was also not envisaged at the time was that the main stumbling block for the UK to leave the […]

Find out more

PAYE Modernisation Update – Employers and Payroll Agents

Since 1 January 2019, Revenue has received payroll information (pay and statutory deduction details) from over 153,000 employers. This includes agents submitting information on behalf of over 94,000 employers.   The obligation to file details Under Regulation 10 of the Income Tax (Employments) Regulation 2018, an employee’s pay and deductions must be submitted to Revenue […]

Find out more

BUDGET 2018 – BUILDING THE REPUBLIC OF OPPORTUNITY

BUDGET 2018 – BUILDING THE REPUBLIC OF OPPORTUNITY         The Minister has tried to appease all by giving a small amount to all by means of some tax cuts/benefits and some welfare increases. TAXATION In Taxation the benefits are spread over Income Tax (“IT”), Capital Gains Tax (“CGT”), Capital Acquisitions Tax (“CAT”) […]

Find out more

Tax Deduction for the Non Principal Private Residence Charge

This was an annual charge from 2009 to 2013 in respect of residential property that was not the owner’s principal private residence. The Revenue indicated at the outset that the charge was not deductible in calculating the net profit rent on a let property as the charge was not one of the authorised deductions under […]

Find out more

Brexit and the Implications for Ireland

On June 23rd the United Kingdom (“UK”) voted to leave the European Union (“EU”). The UK is one of Ireland’s key trading partners and Brexit will have major implications for businesses and individuals alike. It is crucial that everyone is aware of the potential short and long term consequences as a result of the UK’s […]

Find out more

New Tax Appeals Regime

A new tax appeals regime came into operation on 21 March 2016 with the establishment of a new tax appeals body the Tax Appeals Commission (TAC). A key change to the process is that appeals are now to be made directly to the TAC and not to Revenue. The time limit for making an appeal […]

Find out more

CAT Planning – Dwelling House Exemption

Inheritance tax (CAT) is no longer a concern of only the very wealthy. With a 33% CAT rate and a parent/child threshold of €280,000, many people are rightly concerned about the tax cost that their family will face in the event of their death. In any Estate Planning exercise, after making maximum use of the […]

Find out more

CHARITIES – DON’T MISS THE 16TH APRIL DEADLINE

  The Charities Regulatory Authority (CRA) has set a deadline of 16th April by which time all charities must have complied with certain registration and reporting requirements. There are 3 key requirements that must be met by this deadline.       Registering as a charity with the CRA Regardless of your size, your income […]

Find out more

Employers Guide to Benefit-in-kind – Private Use of Company Cars

Considering getting a Company Car? Here’s what you need to know. The use of company cars is a common practice. In the EU, business registrations account for roughly 50% of all car sales in the EU, largely due to taxation rules. Naturally taxation rules change from one country to another and there are a few […]

Find out more

Budget 2016 – How does it affect you?

Budget 2016 Budget 2016 was flagged as a Budget that would have lots of sensible tax reform in the areas of CGT, CAT and the tax penalties imposed on self-employed people. Disappointingly, very little happened in those areas and in the areas in which our society is really under pressure, such as the housing crisis, […]

Find out more

Older Posts