35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
Here is an informative guide from Revenue on what tax reliefs and exemptions are available to both start up and existing SMEs. Supporting Job Creation and other Enterprise Supports – A Revenue Guide (PDF, 421KB)
CGT relief for disposals of certain land and buildings under section 604A of the Taxes Consolidation Act 1997 – treatment of enhancement expenditure Section 604A of the Taxes Consolidation Act 1997 (inserted by section 64 of the Finance Act 2012) introduced a capital gains tax relief on disposals of land or buildings acquired in the…
VAT and Charitable Donations made via SMS Text Message using pre-paid phone credit The VAT on Telecommunications Services Manual has been updated to clarify Revenue’s position in respect of the VAT treatment of donations to charity made via text message using pre-paid phone credit. Charitable organisations can receive the full amount of the donation made…
Today’s edition of Iris Oifigiúil contains details of published settlements completed by Revenue in the period 1st July 2014 to 30th September 2014. In the 3-month period to 30th September 2014, 107 taxpayers fall to be published. The settlements in these cases total€19.64m million. Of the 107 published cases, 33 were for amounts exceeding €100,000;…
On the 1st of October, water charges are in force whether we like it or not. Although you won’t receive your first bill until January, it is important that you know your water allowances etc. so you don’t face one hell of a water bill in the New Year after a hectic Christmas. The reason…
Tax and Duty Manual Update: Income tax relief for insurance against expenses of illness (Medical/Dental Insurance) Revenue has updated Part 15 of the Tax and Duty Manuals to include changes introduced in Finance (No.2) Act 2013 to reflect the restriction of relief on qualifying medical and dental insurance premiums to €1,000 per adult and €500…
The eForm 12 2013 is the electronic version of the paper Form 12 2013 (PDF, 1.85 MB) and allows you to complete a return of your income and claim tax credits, allowances & reliefs (including any health expenses) electronically for the year ended 31 December 2013. It is to be completed by a person whose main source of…
Home owners who had qualifying work carried out and paid for between 25 October 2013 and 10 April 2014 need to get their contractor to enter their details online using the property owner’s LPT property ID now. For works carried out and paid for from 11 April 2014, home owners should give their contractor their…
The Finance Act 2012 introduced full self-assessment for chargeable persons, via part 41A of the Taxes Consolidation Act 1997. For the years 2012 and prior, the old rules as set out in Parts 39 and 41 of the Act apply in relation to raising assessments, amending assessments, appeals, expressions of doubt, etc. The new Part…
The Minister for Finance, on 1 May 2014, announced his intention to provide a capital gains tax exemption for the owners of Single Payment Entitlements where all of those entitlements were leased out in 2013 and where the owners dispose of those entitlements to the lessee before 15 May 2014. Revenue’s Tax & Duty Manual…
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