Archive for 'Taxes'

Starting your own Business – A Revenue Guide

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Budget 2013 Handy Chart

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NOT SURE WHAT exactly happened today during the Budget 2013 announcement? Don’t have time to read everything?

The good folk over at Legal Panda have created this handy chart which outlines all the major measures revealed by Ministers Michael Noonan and Brendan Howlin.

View full here

Budget 2013

 

 

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Revenue chase extra Tax on Pensioners

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Revenue Commissioners are now targeting pensioners for failing to declare untaxed income.

Revenue Target pensioners TaxRevenue are having to find ways of boosting their tax take. By the sounds of it they are beginning to communicate more effectively with the Department of Social Protection and cross checks are proving revealing.

In this case, some pensioners are receiving both the state ...

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Budget 2012

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Taxation

Income tax

There are no changes in the existing rates or income tax bands. There are also no changes to existing tax credits.

However, Illness Benefit will now be taxed from the first day of payment; previously the first 6 weeks (36 days) were exempt from tax.

Domicile levy

The citizenship condition for payment of the levy is being removed. This will mean that liable non-residents will not be able to avoid the levy by changing their citizenship status.

Universal Social Charge (USC)

People with ...

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Ros deadline extended until the 16th November

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ROS Pay & File Deadline 2011

Revenue wishes to confirm that the extended filing and payment date for the 2010 Form 11 and any associated payment and the preliminary tax payment for 2011 for those using ROS will be midnight on 16 November 2011 rather than midnight on 15 November 2011.

The ROS Technical Helpdesk will be open until midnight on 16 November 2011.

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Reduced frequency of tax returns and payments

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Reduced frequency of tax returns and payments

Extension to newly eligible VAT, PAYE/PRSI, & RCT customers

Reductions in the frequency of VAT, PAYE/PRSI, & RCT tax returns and payments for smaller businesses are being extended to eligible businesses from 1 January 2012.

  • Businesses making total annual VAT payments of less than €3,000 are eligible to file VAT returns and make their payments on a 6 monthly basis;
  • Businesses making total annual VAT payments of between €3,000 and €14,400 are eligible to file VAT returns ...

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Payment of Tax by Credit Card

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A facility to pay tax (excluding Domicile Levy) to Revenue by credit card is now available [limited to VISA and Mastercard].

Arrangements to pay by credit card can only be made, for the moment, by telephone. Revenue’s dedicated payment by credit card telephone service is available Monday to Friday 9:00-17:00 hours on 1890 27 37 47 (international customers +353 1 828 8045)

A person wishing to pay by credit card must pay ...

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Amount for 2011 Preliminary Tax

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A number of queries have arisen with regard to the calculation of the Amount for 2011 Preliminary Tax(PT) that appears on the 2010 Notice of Assessment.

The adjustment for the Amount for 2011 Preliminary Tax is to replace the amount of income levy and the health contribution due on the 2010 income with the amount of Universal Social Charge (USC) that would have been due on that income had the USC been in place for that year. No other adjustment is ...

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Income Tax Filing advice

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Most people hear the adverts on the radio come October each year informing you that the Income Tax filing deadline is looming, and you have until 31 October to file your Income Tax return. A lot of individuals probably aren’t fully aware of their obligations to file a return, and what are the potential ramifications of they fail to do so.

A large percentage of the working population in Ireland would be regarded as ‘normal PAYE’ workers. That is, they are ...

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How to Avoid a Tax Audit

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Most of us wait till the 11th hour to file our income tax returns, but it’s worth getting a head start on them now. We explain how to keep on track…

  1. File on Time. You don’t want to file too late.. A lot of people, it seems to be something they definitely don’t want to do and not their favourite time of year so they put it off as long as possible.”
  2. Avoid paying extra. If you file past the October 31st ...

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