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Just a note when you get around to having your 2011 annual return completed…… Expect your tax bill to increase by €180.00 for the drop in personal credits. If your jointly assesssed this will be doubled and if your spouse has PAYE income this will be trebled. Thats a possible increase in your 2010 tax…
The Revenue Commissioners today (09/01/2012) published preliminary business results for 2011. The report includes statistics outlining the following: number of audits conducted and subsequent yield; level of collection enforcement activity; yield from special investigations; number of convictions obtained for serious evasion; number and volume of seizures of drugs, oils and tobacco. The results can be…
In the news lately is the fact that the Revenue Commissioners are now targeting pensioners for failing to declare untaxed income. With tax income down on the good old days, Revenue are having to find ways of boosting their tax take. By the sounds of it they are beginning to communicate more effectively with…
This is the first in a series of posts to guide you through the steps needed to start your own business in 2012. At McDowell & Co as part of our service we take you through each step thoroughly, to help you understand how the process can effect you. Below is a guide as provided…
Older people’s tax credits and reliefs Information Rules How to apply Where to apply Information If you are aged 65 or over, you are liable to pay income tax in the normal way. However, the tax exemption limits are much higher for people aged 65 or over and there are some extra tax credits. It…
“Cross-border” workers and universal social charge (USC) The rate at which an individual is charged to USC is determined by whether that individual is entitled to a full [1] medical card under Irish or EU [2] legislation. Individuals with such entitlement, who are aged under 70 years, are generally chargeable to USC at a maximum…
Attachment of Wages/Salaries under S.1002 TCA 1997 The Finance Act 2011 extended the power of attachment to wages/salaries in the enforcement of debt due to Revenue. UpdatedGuidelines (PDF, 1.53MB) for Attachment reflecting the Finance Act 2011 changes are published on the Revenue website at: Taxes & Duties – Tax & Duty Manuals Section 16 FOI…
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