Revenue have confirmed that approximately 60,000 individuals who are ROS filers will receive notification electronically about their LPT obligations by the following means: letter providing information on LPT will be issued to their ROS inbox. An email will be sent to the email address that is … [Read more...]
Incapacitated Child Tax Credit
March 30, 2013 By
Revenue have updated leaflet IT18 - Incapacitated Child Tax Credit - a full copy of the updated leaflet can be found by clicking on the following link: http://www.revenue.ie/en/tax/it/leaflets/it18.html … [Read more...]
Proprietary Directors – tax filing surcharge
March 30, 2013 By
Proprietary directors need to ensure that they meet the tax filing deadlines as late return submission can result in significant unforeseen liabilities. Where an individual is a proprietary director i.e., owns more than 15% of the share capital of a company he/she is obliged to file a tax return … [Read more...]
Local Property Tax update
March 28, 2013 By
In response to the large number of queries relating to the local property tax Revenue have published an update on their website. To see the full update please click on the link below. http://www.revenue.ie/en/press/2013/pr-220313-local-property-tax.html … [Read more...]
Personal Insolvency Act 2012
January 31, 2013 By
The Personal Insolvency Bill was enacted into law on 26th December 2012. An Insolvency Service is currently being set up to administer the legislation. Lorcan O’Connor has been appointed Director designate of the Insolvency Service. It will be some months before the first insolvencies can be … [Read more...]
Local property tax
January 3, 2013 By
Budget 2013 announced that an annual Local Property Tax will come into effect from 1 July 2013. The LPT is a tax based on the market value of residential property. It will be administered by Revenue and a half year charge will apply for 2013. From 2014 onwards a full year charge will … [Read more...]
Marital breakdown
January 3, 2013 By
Tax Consequences of marital breakdown The breakdown of a marriage is a stressful time but it is important to consider the resulting tax implications. Income Tax Once you have separated each of you reverts, for tax purposes, to single assessment. Each party can claim a one parent family tax … [Read more...]
Personal Insolvency Bill 2012
October 29, 2012 By
The legal framework under which unsustainable personal debt is resolved has up to now been totally inadequate and out of line with other developed countries. It is hoped that the Personal Insolvency Bill, which is currently going through the Oireachtas, will redress the situation. The Personal … [Read more...]
Property service charges
October 29, 2012 By
The need for service charges arises where a property is part of a larger development with shared services and common areas. In such cases, it is usual for a management company to oversee the collection of charges from owners or tenants, and to arrange necessary services. Such services typically … [Read more...]
Government assistance to Irish companies
October 29, 2012 By
Enterprise Ireland provides a range of supports to Irish companies, including various types of grant assistance. Applications for start-up assistance are handled by the local City or County Enterprise Board, of which there are 35. Funding for established SMEs and large companies is dealt with … [Read more...]
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