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Finance Bill 2010 – VAT measures relating to “transitional properties”. Background The Minister for Finance intends to introduce a Committee Stage amendment to the Finance Bill (as initiated) – Amendment Number 77 on the List of Proposed Committee Stage Amendments refers – which will substitute a new subsection for the existing subsection (10) of section…
Amendment to the Code of Conduct on Mortgage Arrears extending the moratorium from 6 to 12 months The Minister for Finance, Mr. Brian Lenihan T.D., welcomes the amendment by the Financial Regulator to the Code of Conduct on Mortgage Arrears: “I welcome today’s extension of the moratorium from 6 months to 12 months on legal…
Return of information 2009 for unapproved employee share schemes A single return of information form in respect of shares/securities and share options acquired by directors and employees under arrangements other than Revenue approved employee share schemes will be available in early April. This form will incorporate the existing Form SO2 (return of information in respect…
Business tax Transfer pricing Section 38 of the Finance Bill introduces new transfer pricing provisions. These are intended to consolidate and expand on existing legislation and to align Ireland with international standards by adopting the OECD arms-length principles. The provisions apply to transactions between associated trading companies (see page 9). R&D credit The bill has…
Form RCT35 2009 Filing Information Principal Contractors and their agents are reminded that the filing date for the 2009 RCT 35 is 15th February 2010. Blank Forms RCT35 for 2009 are now being issued. Completing the Form RCT35 Attached is a link to the specimen version Form RCT35 for year 2009 onwards: Form RCT 35…
The Minister for Finance Brian Lenihan T.D. today (4th February, 2010) published the Finance Bill 2010 which gives effect to the taxation measures announced in last December’s Budget. The Minister said: “This Bill strikes a balance between providing targeted support to enterprise to assist in our economic recovery and enhancing the ability of the Revenue…
Exemption from Encashment Tax for “Qualifying Company” within the meaning of Section 110 of the Taxes Consolidation Act, 1997. Under Schedule 2, Part V of the Taxes Consolidation Act, 1997 the Revenue Commissioners have power to relieve collecting agents of the obligation to deduct income tax at the standard rate on encashment of foreign sourced…
Capital Acquisitions Tax – 2010 Group Thresholds The Capital Acquisitions Tax Group Thresholds for gifts and inheritances taken in the calendar year 2010 are as follows: Group A €414,799 – Applies where the beneficiary is a child (including adopted child, step-child, and certain foster children) or minor child of a deceased child of the disponer….
Revenue is determined to maintain the current high levels of compliance notwithstanding the more difficult economic circumstances in which businesses and taxpayers are now operating. Therefore Revenue expects that taxpayers and businesses organise their financial affairs to ensure that they pay their tax debts by the due date. Revenue also acknowledges that in the current…
In case you think you have lost ROS …think again… Revenue wish to advise our customers that arising from the recent release of the latest version of ROS, the ROS homepage [ www.ros.ie ] has been removed. From now on, any customer attempting to access the ROS Homepage will be redirected to the Revenue homepage:…
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