Search Results for 'Tax'

Local Independent councillor, Michael O’Brien, has called on the Minister for Finance, Paschal Donohue, to increase the standard rate tax band to €40,000 ahead of the 2018 budget, rather than reducing the higher rate of tax.

As employers issue P60 certificates to their employees during the next few weeks, Revenue is encouraging taxpayers to use online PAYE Services in ‘myAccount’ - the quick, easy, and convenient way to check all your tax details.

A decision on the Local Property Tax rate for the county has been deferred until next Monday due to concerns about a shortfall in Galway County Council’s budget. At this week’s local authority meeting it was agreed that a special meeting will be held next week to discuss the matter.

The end of the waiver system in Galway will see many of the city's most vulnerable having to pay €170 extra a year for refuse services, while changes to the refuse system across the State have been branded by a local councillor as yet another "stealth charge".

The Revenue department has announced that it is willing to make arrangements with both qualifying home and business owners in relation to certain taxes that are due shortly to them.

It was encouraging to hear the Minister for Finance announce in his recent Budget speech an increase in the tax free threshold on gifts or inheritances from parents to children. The threshold now stands at €280,000 (increase of €55,000) with effect from 14 October 2015.

It is said that “charity begins at home”.  It is also said “look after the pennies and the pounds look after themselves”.  Maybe this has been updated for cents and euros I’m not sure but as part of the recent Budget documentation, a report on the VAT cost for charities was released by the Department of Finance.  Its main findings and representations were put forward by the Irish charities Tax Reform Group, a working group formed to examine proposals of reducing the VAT burden on charities in Ireland. 

The pay and file season for Local Property Tax (LPT) 2016 will be starting soon, and Revenue is writing to approximately 755,000 residential property owners to give them the opportunity to decide how and when they want to pay.

Since Minister Noonan announced in October 2014 that Ireland would introduce a “best-in-class” Knowledge Development Box (“KDB”), there has been a lot of speculation about ‘how low would he go’.  Budget 2016 announced that the rate of tax which will apply for income qualifying under the new KDB will be 6.25%. The relief is available to companies for accounting periods beginning on or after 1 January 2016.

In his budget day speech, Minister Michael Noonan recognised the significant role played by the farming and agri-food sector in Ireland’s economic recovery. This important sector employs approximately 169,000 people across the country and its produce is one of Ireland’s top 10 exported commodities.