The Revenue commissioners have extended their voluntary disclosure initiative for undisclosed income or funds held in banks and building societies to credit unions. Taxpayers who had €100,000 or more in aggregate in credit union accounts (which included funds not previously declared for tax) at any time between 1st January 2005 and 31st December 2008 have until 31st March 2010 to make a voluntary disclosure. This announcement was recently made by […]
“It is Revenue’s position that locums are engaged under a contract of service (i.e. that they are employees) and that their remuneration comes within the scope of PAYE”. This statement was contained in letters sent to GPs in the South-West Region in the last month. However, Revenue approach to this isue has varied from district to district. This situation is unhelpful, as in addition to the PRSI cost of 10.75% […]
Income tax pay and file 2009 The deadline for filing 2008 income tax returns for self-employed and directors is 31st October 2009. This deadline is extended to Monday 16th November for those filing using the Revenue Online filing System. Tax relief is available for 2008 for pension contributions paid by 31st October 2009. In certain circumstances this payment deadline may be further extended (to 16th November if filing and paying […]
Directors and self-employed – Now is the time to have your 2008 income tax return prepared and filed, well before the October deadline.