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The Revenue Commissioners today (09/01/2012) published preliminary business results for 2011. The report includes statistics outlining the following: number of audits conducted and subsequent yield; level of collection enforcement activity; yield from special investigations; number of convictions obtained for serious evasion; number and volume of seizures of drugs, oils and tobacco. The results can be…
In the news lately is the fact that the Revenue Commissioners are now targeting pensioners for failing to declare untaxed income. With tax income down on the good old days, Revenue are having to find ways of boosting their tax take. By the sounds of it they are beginning to communicate more effectively with…
This is the first in a series of posts to guide you through the steps needed to start your own business in 2012. At McDowell & Co as part of our service we take you through each step thoroughly, to help you understand how the process can effect you. Below is a guide as provided…
Older people’s tax credits and reliefs Information Rules How to apply Where to apply Information If you are aged 65 or over, you are liable to pay income tax in the normal way. However, the tax exemption limits are much higher for people aged 65 or over and there are some extra tax credits. It…
“Cross-border” workers and universal social charge (USC) The rate at which an individual is charged to USC is determined by whether that individual is entitled to a full [1] medical card under Irish or EU [2] legislation. Individuals with such entitlement, who are aged under 70 years, are generally chargeable to USC at a maximum…
Attachment of Wages/Salaries under S.1002 TCA 1997 The Finance Act 2011 extended the power of attachment to wages/salaries in the enforcement of debt due to Revenue. UpdatedGuidelines (PDF, 1.53MB) for Attachment reflecting the Finance Act 2011 changes are published on the Revenue website at: Taxes & Duties – Tax & Duty Manuals Section 16 FOI…
Universal Social Charge Regulations 2011 (S.I. 658 of 2011) The Revenue Commissioners, in exercise of the powers conferred on them by section 531AAB (inserted by section 3 of the Finance Act 2011 (No. 06 of 2011)) of the Taxes Consolidation Act 1997 (No. 39 of 1997), have made Regulations (PDF, 113KB), entitled as above on…
VAT and Medical Services Professional Medical care services recognised by the Department of Health are exempt from VAT in accordance with Paragraphs 2 (3) and 2 (7) of Schedule 1 of the VAT Consolidation Act 2010. The European Court of Justice (ECJ), which interprets the VAT Directive, decided in a number of cases that certain…
Extract from speech by minister for Finance below : Good morning everyone, I
Be it you are PAYE or self employed you can go back 4 years to review what tax you have paid to the Revenue Commissioners. Never mind the fact there is only 32 sleeps till Christmas – more importantly you have until the 31st December to claim for any tax refund you might have for…
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