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Legislative changes to give effect to the taxation changes arising from the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 are contained in Finance (No. 3) Bill 2011. The Bill was published on 9th June 2011 and it is expected to be enacted in July once debated and passed by both Houses…
Please note that the Department of Social Protection have recently clarified their position in relation to the above. Previously it was held that as an Employers contribution to a PRSA on behalf of an Employee would be regarded as a Benefit in Kind and therefore the Employee would have to pay PRSI on the value…
The Revenue Commissioners have today (25/05/11) become aware of another fraudulent email purporting to come from Revenue seeking personal information from taxpayers in connection with a tax refund. This phishing email is headed “E-mail Fogra plus the recipient’s email address “. A link opens up a form seeking personal information, including debit/credit card details, that…
Questions have arisen in relation to the VAT treatment of donations to charity, usually for specific disaster appeals, made via mobile phones using SMS shortcodes. The purpose of this eBrief is to clarify the correct VAT treatment that should apply in respect of such donations. Overview: The provision of telecommunications services is liable to VAT…
Section 195 Taxes Consolidation Act 1997 empowers the Revenue Commissioners to make a determination that certain artistic works are original and creative works generally recognised as having cultural or artistic merit. The first €40,000 per annum of profits or gains earned by writers, composers, visual artists and sculptors from the sale of their work is…
Rate Change – Jobs Initiative 2011 Introduction of a second Reduced VAT Rate with effect from 1 July 2011 The Minister for Finance has announced that a second reduced VAT rate of 9% will be introduced in respect of certain goods and services (mainly related to tourism) for the period 1 July 2011 to 31…
As published May 2011 by the department of finance http://www.finance.gov.ie/viewdoc.asp?DocID=6828
Vehicle Registration Tax is chargeable on the registration of motor vehicles (including motor-cycles) in the State. All motor vehicles in the State, other than those brought in temporarily by visitors, must be registered with the Revenue Commissioners. A vehicle must be registered before it can be licensed for road tax purposes. Increase in VRT on…
26 April 2011 Taxation of Retirement Lump Sums – New form where income tax is deducted under Case IV at the standard rate. Section 19 (4)(b) Finance Act 2011 inserted a new section 790AA into the Taxes Consolidation Act 1997 (TCA 1997) which provides, with effect from 1 January 2011, that the maximum lifetime retirement …
New Services The eRegistration facility provided by Revenue now includes the following new services: Re-Registration for Income Tax, Corporation Tax, Employers PAYE/PRSI and eLevy by both agents and registered ROS individuals. Re-registration for VAT and RCT cannot be accommodated in eRegistration and will continue to be a paper based activity. New registration for Trusts and…
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