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New EU legislation on payment services brought into effect by Minister for Finance to deliver greater protection for consumers and businesses The Minister for Finance, Mr Brian Lenihan, T.D., has signed regulations to transpose the Payment Services Directive. The European Communities (Payment Services) Regulations 2009 (S.I. No. 383 of 2009) will apply from 1 November…
Minister for Finance statement on the Central Statistics Office’s National Accounts figures for the second quarter of 2009 The Minister for Finance, Mr. Brian Lenihan T.D., today (24th September 2009) noted the publication of the Central Statistics Office’s National Accounts figures for the second quarter of 2009. In noting the release, the Minister stated: “These…
If you are tired of chasing customers who are constantly slow in paying you, then charge them interest! You are allowed under EU law to charge 8% per annum or 0.022% per day. See this link for more details http://www.entemp.ie/enterprise/smes/latepay.htm
Here is a link to the Revenues guide, to whats involved in a Revenue Audit. In a nutshell, they follow the paper trail, between what is in your annual return compared to the records you have kept for income and expenditure for that year. Remember you need to keep paper work for 6 years so…
In the current economic climate, employers are looking at various cost-cutting options. The October bulletin referred to a recent Employment Appeals Tribunal decision, which shows the importance of considering all reasonable alternatives before making an employee redundant. This month, we examine some of those alternatives. 1. Reduction in Salary This alternative brings its own difficulties….
The government is to introduce a new tax scheme for the motor industry in an effort to boost the beleaguered sector. The Minister for Finance, Brian Lenihan, has agreed to implement a Vat margin scheme, in use almost universally throughout the EU, on secondhand cars from the beginning of next year. The move is designed…
The government is to introduce a new tax scheme for the motor industry in an effort to boost the beleaguered sector. The Minister for Finance, Brian Lenihan, has agreed to implement a Vat margin scheme, in use almost universally throughout the EU, on secondhand cars from the beginning of next year. The move is designed…
Introduction In the history of this State, few subjects have been debated more intensively and more passionately than the Government’s proposal to establish a National Asset Management Agency. Since I published the draft legislation on the 30th of July last, there has been a fast and furious debate on the airwaves, in the print media,…
The Minister for Finance, Mr Brian Lenihan, TD, has said the National Asset Management Agency (NAMA) Bill 2009, published today, is the outcome of a detailed and intensive process of consultation which has taken place since the draft legislation was published in late July. “The Bill contains a number of important changes that will allow…
What is bankruptcy?: Bankruptcy is a legal process whereby the property or assets of an individual who is unable – or unwilling – to pay their debts, are transferred to a trustee (also known as an Official Assignee) to be sold. The proceeds of the sale are then distributed between the person’s creditors. Advertisements are…
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