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Month: February 2012
Retention of Tax Records in Electronic Format
The Information Technology and Procedural requirements to which any electronic, photographic or other process used for the storage, maintenance, transmission, reproduction and communication of any record must conform were published by Revenue in Iris Oifigiúil on 27 January 2012. The updated requirements differ from the previous requirements (see Tax Briefing 46, December 2001) in two…
2012 Finance Bill Summary
The Bill, which will go through the Oireachtas in the coming weeks, gives effect to the following measures announced on Budget Day: The Bill makes provision for the changes to mortgage interest relief announced in Budget 2012 to implement the Programme for Government commitment. It provides for an increase to 30% in mortgage interest relief…
Overcharged PRSI ?
Tens of thousands of workers are due a refund for overpaying their PRSI. The Department of Social Protection has confirmed that €10m has already been paid back to taxpayers, who have received an average refund of €400. The overcharging is due to the way the health levy element of social insurance was applied in 2010….
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