Search Results for 'Public economics'

The Government must act immediately on unregulated liquidation sales which are taking place without any proper planning or fire and safety checks.

The deadline is looming for every house owner in Ireland to pay the new property tax, and understandably people are asking: when does it stop?

The deadline is looming for every house owner in Ireland to pay the new property tax, and understandably people are asking: when does it stop?

Retail Ireland, the IBEC group that represents the retail sector, this week said that new CSO retail sales figures highlighted a pretty dismal start to the year for Irish retailers and suggested many consumers had made purchases in November and December to avoid the January VAT hike.

Although Budget 2012 may not have provided much in the way of future reliefs for taxpayers the good news is that people still have an opportunity to claim the tax refund due to them for prvious years. This is according to leading tax specialists www.taxback.com who say that there is still a long list of tax reliefs available to people that could result in savings of hundreds of euro but many of these go unclaimed every year either due to a lack of awareness or unfortunately the apathetic nature of some people.

Employers should be aware that there have been a number of significant changes to the calculation of employee deductions and the Universal Social Charge (USC) as a result of the 2011 Budget as follows:

The Minister for Finance Michael Noonan this week published the Finance Bill 2012 which gives effect to taxation measures announced in last December’s Budget.

The P35 deadline is creeping up on us fast, the date for returning your annual P35 return on time for the year ended December 31 2011 is February 15 2012.

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.

After much speculation, Minister for Finance, Michael Noonan, confirmed that the standard rate of Irish VAT is to increase from 21 per cent to 23 per cent with effect from midnight 31 December 2011. This VAT rate change is earlier than set out by the Government under the National Recovery Plan where it stated that the standard rate of VAT would only increase to 23 per cent in 2014.