Search Results for 'Tax'

Experts at Taxback.com are urging PAYE workers to submit their tax refund applications since the Irish tax year ended on December 31. The tax professionals say that their current average tax refund is €880 for a PAYE worker but that as the Government has gnawed away at various tax reliefs over the last few years they expect that average to drop as the years go on.

From 1 January 2014, businesses which have not paid for supplies (either in full or in part) within a six month period will be required to repay to Revenue the VAT previously reclaimed on these supplies. This is mainly an anti-fraud measure, however it is hoped that it will encourage prompt payments, thus increasing cash flow for suppliers, as we all know that cash is king!! Where the supplier is subsequently paid, the amount of deductible VAT can be reclaimed by the customer again. This is measured on a pro rata basis.

Vehicle data expert Cartell reports that large-engine vehicles (those in excess of 2,000cc) are in decline.

Minister of State for Tourism and Sport, Michael Ring has said that the retention of the nine per cent VAT rate for tourism services will be a great boost to the tourism sector. Minister Ring has also warmly welcomed the scrapping of the air travel tax, as introduced by the Minister for Finance, Michael Noonan TD, as part of Budget 2014.

Against the background of tough budgets in recent years, Ministers Noonan and Howlin framed their speeches in the context of preparing the country to exit the EU/IMF recovery programme and the creation of jobs in a range of sectors. Set out below is an outline of the main measures announced. More detail will be included in the Finance Bill which is to be published next month.

From last Tuesday ( October 1) new rules now govern the road tax liability for a car that is not in use. It has attracted considerable publicity with queues outside the tax offices last week.

The personal income tax return deadline is October 31 so it’s time to gather your information together to ensure your return is processed well in advance of the income tax return deadline 2013.

From last Tuesday ( October 1) new rules now govern the road tax liability for a car that is not in use. It has attracted considerable publicity with queues outside the tax offices last week.

Members of Active Retirement Ireland (ARI) in the Midlands region met in Tullamore this week to discuss the cumulative impact of austerity on the elderly to date and to raise these concerns with local representatives as Budget 2014 approaches. Many who are reliant on the State pension noted the erosion of its value due to additional taxes and rising prices. Accompanied by reduced entitlements and benefits, the elderly are at increasing risk of experiencing isolation, dependency, and deprivation. Members, in their submission, request the protection of the pension and the reversal of savage cuts made to the household benefit package introduced in Budget 2013.

The Government is making a relatively small change to the system of annual road tax. This is being done to correct an inherent unfairness in the way that car tax is treated if a car spends a portion of its time off the road.