Category Taxation

ROS – Extension of Pay & File Deadline for ROS Customers for 2013 Today, Revenue announced an extension to the ROS return filing and tax payment date for certain self-assessment income tax customers and for customers liable to Capital Acquisitions Tax (CAT). For customers who file the 2012 Form 11 return and make the appropriate …

This is a link to the valuation guidance website by Revenue for the local property tax which is being introduced.  Some interesting anomalies coming through as has been shown in the media coverage regarding this. On the plus side it is very easy to use and it has to be said this is only for …

See attached article which outlines more information on how Revenue will be applying the Local Property Tax. Published in the Irish Times today. Click here for article.

Below is an outline of how Revenue plan to administer the Local Property Tax “LPT” this year. Important: Please note that some details of this process are currently being finalised by Revenue and so some of this process may change at a later date. 1. Issuing of Returns During the 4-week period commencing on 11 …

There were new provisions contained in the Finance Bill as introduced by Michael Noonan yesterday. The following is some brief details on those new provisions. Living City Initiative Section 29 of the Bill provides for the introduction, by Ministerial Order, of an incentive for certain urban regeneration activity.  The incentive applies to the refurbishment of …

The amended property tax bill was published yesterday 13 February 2013. Property Tax exemptions revealed in the amended local property tax bill are for those with houses with pyrite damage and all local authority and voluntary housing association homes will be put into the valuation band for properties worth up to €100,000, the lowest of …

The property tax is coming. Although in the budget the broad details were set out, it is the weekly leaking of further details about how it will be policed by the Revenue that seems to be annoying or even scaring people. While it can be easy enough to value a house when houses of similar …

This is a link to a stroy in the Irish Times today regarding a “glitch” with the Revenue Online System which led to refunds to tax payers who weren’t due refunds! So thats what happened! I had to ring Revenue to tell them unforntunately I was not due the refund! Click here for the link.

Some helpful tips regarding VAT, which may help improve your cash-flow: 1. Are you currently accounting for VAT on the invoice basis? This means you pay VAT based on the date of your sales invoices. This is the standard way most businesses account for VAT. However there is a second option called the cash receipts …

An increasing area of focus in Revenue audits is whether individuals hired by a business are correctly classified as employed or self employed.