News

Irish Disposable Income Continues to Shrink

Posted by Brian Flynn in General on 17 Oct 2011

Irish League of Credit Unions has today announced the results of the third 2011 What’s Left’ disposable income tracker index. The tracker index records how much disposable income Irish people have this year, where they are spending their money and the financial hardships they are facing.

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PRSI Changes

Posted by Brian Flynn in Tax on 02 Jul 2011

The Lower Rate of Employer PRSI (8.5%) is to be halved.

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VAT – 9% rate on certain goods and services from 1 July 2011

Posted by Brian Flynn in Tax on 24 Jun 2011

Revenue have released information leaflet on reduced VAT rate: Rate change - 9% on certain goods and services from 1 July 2011.


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Tax relief for start up companies

Posted by Brian Flynn in Tax on 27 Nov 2009

The Government announced in Budget 2009 their proposal to introduce a three year exemption from taxation for start up companies commencing to trade on or after 1 January 2009.  The relief was conditional on obtaining EU approval. According to most recent official updates, the EU has given the go-ahead and a draft Ministerial Order is currently with the Minister for signing.

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Directors’ Loans - Companies (Amendment) Act 2009

Posted by Ronan Clinton in Audit on 26 Nov 2009

Information Sheet 10/2009: Companies (Amendment) Act 2009: Directors' Loans specifically highlights the changes in the offences concerning directors' loans arising from the 2009 Act.

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Irish Taxation Institute Branch Meeting

Posted by Brian Flynn in Tax on 25 Nov 2009

Irish Taxation Institute (ITI) Branch Representatives are meeting with Revenue in Waterford Tax District on Tuesday, 1 December.

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Relief for Pension Contributions: Application of Earnings Limit - Transitional Arrangements for 2008

Posted by Brian Flynn in Tax on 23 Oct 2009

The Irish Taxation Institute has been engaging Revenue on the guidance issued in Tax Briefing 74 on the application of the earning limit for pension relief.

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New €200 levy on second homes - commencement order signed

Posted by Brian Flynn in Tax on 31 Jul 2009

The commencement order for the new €200 levy on second homes has been signed. The main provisions of the order are described below.

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Revenue publish Irish Tax Implications of Foreign Income and Assets

Posted by Brian Flynn on 30 Jul 2009

Revenue have issued a new guide to answer common questions by taxpayers on the tax treatment of certain foreign income and assets.

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Companies (Amendment) Act 2009 - Companies Act Citation

Posted by Ronan Clinton in Audit on 17 Jul 2009

The Companies (Amendment) Act 2009 was signed into law by President McAleese on the 12th July 2009.

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POB publishes Update of Key Facts and Trends in the Accountancy Profession

Posted by Ronan Clinton in Audit on 21 Jun 2009

The Professional Oversight Board, an operating board of the Financial Reporting Council (FRC), today published a new edition of Key Facts and Trends in the Accountancy Profession.

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ASB issues Amendment to FRS 29 - Improving Financial Instrument Disclosures

Posted by Ronan Clinton in Audit on 21 May 2009

The Accounting Standards Board (ASB) has today issued ‘Amendments to FRS 29 – Improving Disclosures about Financial Instruments’.

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Taxation of Locums

Posted by Brian Flynn in Tax on 15 May 2009

Irish Taxation Institute receive clarification from Revenue on tax treatment of locums.

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Revenue publish consultation paper on the transposition of EU VAT Directives

Posted by Brian Flynn in Tax on 28 Apr 2009

Significant new EU legislation on VAT will come into effect on 1 January 2010. Revenue has produced a Public Consultation Paper on the transposition of the Directives. 

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Revenue Investigation into Trusts and Offshore Structures

Posted by Brian Flynn in Tax on 27 Mar 2009

Revenue announces the commencement of an investigation into Trusts and Offshore Structures.

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Extension of filing date in 2009 announced in Revenue e-brief no. 16/09

Posted by Brian Flynn in Tax on 11 Mar 2009

Revenue released e-brief No 16/09 announcing an extension to the return filing and tax payment date for self-assessment customers using the Revenue On-Line Service (ROS).

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Revenue publish Defaulters List

Posted by Brian Flynn in Tax on 10 Mar 2009

Today’s edition of Iris Oifigiúil contains details of published audit /investigation settlements completed by Revenue in the period 1 October 2008 to 31 December 2008.

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