Search Results for 'Public economics'

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.

The Anti-Austerity Alliance, which is running two candidates in Galway city in next year’s local elections, is to hold a public meeting entitled Building The Alternative.

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.

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.

Approximately 36,000 working holiday and employer-sponsored visas were granted to Irish workers travelling down under in 2012 alone and according to Taxback.com since the end of the Australian tax year on June 30 they have experienced a surge in applications from those who have returned to Ireland and want to claim back a tax refund.

Irish businesses are overpaying thousands of euro in VAT due to a lack of familiarity with the complexities of Ireland’s VAT regime, according to research conducted by business software and services provider Sage.

Five individuals in Galway made tax settlements totalling just over €920,000 in the last quarter of 2012, figures released by the Revenue this week reveal.

Ministers Noonan and Howlin were tasked with reducing the deficit in the country’s finances by €3.5bn in the Budget for 2013.  In their highly anticipated Budget speeches, they emphasised their aim to achieve this in a balanced and fair manner.  This has meant that they have cast the net widely and announced the following measures: