by David O'Kennedy | Mar 15, 2018 | Revenue, Tax
If you are a sole trader looking to become a limited company, it is worth knowing that one of the first major tasks to be completed upon formation is to register for tax. The topic of limited company tax can be difficult to understand, so if you’ve just set up shop,...
by David O'Kennedy | Oct 12, 2017 | Budget, Revenue, Tax
Business Tax CORPORATION TAX RATE • The Minister reiterated in his Budget speech that the 12.5% Corporation Tax rate will remain in place indefinitely. CAPITAL ALLOWANCES • The deduction for capital allowances for intangible assets and any related interest expense...
by David O'Kennedy | Oct 10, 2017 | Income, Revenue, Tax
Ireland is known for having very high personal tax rates and those employed as PAYE income earners may be paying as high as 57% in tax after USC and PSRI are accounted for. With rates having the potential to be so high, it’s prudent to understand what you may be...
by David O'Kennedy | Oct 10, 2017 | Income, Revenue, Tax
As an accommodation provider, your Airbnb profits will likely fall into non-PAYE self-assessable income if your property is owned in your own name. If you own the property in any form of corporate entity such as a company or a trust, then your tax obligations will be...
by David O'Kennedy | Sep 13, 2017 | Revenue
Work is progressing on the design of a “real-time” reporting regime for PAYE, which is to take effect from 1 January 2019. The Institute has provided detailed feedback to Revenue on members’ needs in the new regime. They responded to the PAYE modernisation...
by David O'Kennedy | Jul 7, 2017 | Revenue, Tax
An updated ROS Form 11 was released on 17 June and Revenue has now published a Manual detailing the changes to the layout and content of the form....
