Search Results for 'Pay-as-you-earn tax'

Last week, Revenue posted letters to 150,000 people about their tax compliance, including those who are claiming widow’s and widower’s pensions. Over the weekend, there was much comment and criticism in the media about the way Revenue has handled the situation. Accepting Revenue has taken a scattergun approach to the potential non-payment of income tax by pensioners, it is important that people understand how a tax liability might arise and that they have the information to hand to ensure they are compliant in 2012.

Over recent weeks, there has been much speculation on the provisions to be announced in Budget 2012. The anticipation was heightened by the “State of the Nation” address by An Taoiseach Enda Kenny on Sunday night. In an unprecedented move, Minister Howlin and Minister Noonan shared the burden and spread their respective speeches over two days. Some of the main features introduced in the 2012 Budget are set out below:

Self-assessed people (including sole traders, partners, proprietary directors, PAYE employees with rental income etc.) have to make a return of income by the end of october (or mid November if filed online). Worse again they must also pay all outstanding taxes due for 2010 and a corresponding amount for 2011 in many cases to prevent nasty fines. To avoid the severest of haircuts Numbercruncher advises the following no-brainer tips to save you money.

Self-assessed people (including sole traders, partners, proprietary directors, PAYE employees with rental income etc.) have to make a return of income by the end of this month (or mid November if filed online). Worse again they must also pay all outstanding taxes due for 2010 and a corresponding amount for 2011 in many cases to prevent nasty fines. To avoid the severest of haircuts Numbercruncher advises the following no-brainer tips to save you money.

A warning has been issued to the owners of Kilkenny’s 3,100 buy-to-let properties that landlords need to file a tax return before October 31 - just 10 days time.

Two Galway businessmen made tax settlements in the first quarter of this year, the latest list of tax defaulters published by the Revenue Commissioners reveal.

Income Tax

Sports and community groups are slow to become approved and use tax relief for donations to stretch funding.

A Carlow councillor is calling for a total review of the third level maintenance grants’ system to prevent the average PAYE worker footing the bill for higher education.

Five Kilkenny business people have appeared on this month’s list of tax defaulters which was published this week by the Revenue Commissioners.