Search Results for 'Taxation in the Republic of Ireland'

Personal Tax Matters

Five of Ireland’s regional airports have issued a joint letter to the Finance Minister, Mr Brian Lenihan TD, requesting an urgent review and amendments to several measures contained in the proposed new air travel tax.

Would you believe it? Premier Accounting and Book Keeping Service’s had a massive response to their article a few weeks ago entitled Are you Paying too much tax?

Successive governments have been taxing motorists far too heavily. We've been charged crazy levels of Vehicle Registration Tax on all new and imported used cars. VRT is applied as a high percentage of the vehicle's cost price with blatant double taxation then applied by adding Value Added Tax on top of the VRT. That's right - our government in its haste to plunder motorists further, actually taxes its own tax. Half of the price you pay for a new car in Ireland is tax.

Q. My company has incurred significant R&D expenditure during the past few years. The product is now ready to go to market and I hope to be profit-making within two years. Can I claim tax relief for the expenditure incurred to date and how do I claim it? Are there special rules for claiming R&D costs?

Did you know that you have four years to claim tax refunds? Thousands of PAYE workers fail to take advantage of tax breaks available to them annually.

Revenue has announced a voluntary disclosure deadline, this time in respect of undisclosed income and undeclared liabilities relating to both Irish and foreign settlements.

Even in the current market climate Revenue officials are continuing to focus on certain business sectors for potential tax issues. At present, we understand that a number of cash businesses in the County Galway area have been visited by Revenue officials and these visits are expected to continue.

Q: I own my own home and my elderly mother lives in a purpose built annexe on the grounds of my property. During the property boom I purchased a city centre apartment, which I rent out to students. I also have a mobile home by the sea, which we use for family holidays. How will the new property tax affect me?

Q: I own my own home and my elderly mother lives in a purpose built annexe on the grounds of my property. During the property boom I purchased a city centre apartment, which I rent out to students. I also have a mobile home by the sea, which we use for family holidays. How will the new property tax affect me?