Search Results for 'Taxation'

The Commission on Taxation report was published on September 7. This detailed document includes nearly 250 recommendations and is likely to have a considerable impact on Irish tax policy in the future. The report aims to broaden the tax base and to stabilise exchequer returns.

The shock of Ireland’s economic collapse has abated. The anger is now starting to gain heat. It is disingenuous of the Government to repeat the mantra that now is not the time to look back and apportion blame, but to look forward to ways in which we can arise again. As we are all taught through the history books, it is only by looking back that we can learn and move forward. Half-hearted apologies by the Taoiseach Brian Cowen, prompted only by the prodding of RTE’s Ryan Tubridy on the Late Late Show, do no appear to wash with the electorate. Who will hold their hands up, be accountable, and take the rap?

The Commission on Taxation report was published on September 7. This detailed document includes nearly 250 recommendations and is likely to have a considerable impact on Irish tax policy in the future. The report aims to broaden the tax base and to stabilise exchequer returns.

There have been a number of recent VAT changes in the hotel sector. While some of the changes are small, Revenue is generally interested in businesses with high cash intake to non-VAT registered customers as traders may benefit from incorrect practices. However it is not all bad news.

A number of large changes have been recently introduced in the area of penalties on underpaid tax. The changes are of particular interest in the area of VAT as VAT is a transaction based tax. Therefore a single repetitive error over a period of years can expose a business to significant penalties.

A number of large changes have been recently introduced in the area of penalties on underpaid tax. The changes are of particular interest in the area of VAT as VAT is a transaction based tax. Therefore a single repetitive error over a period of years can expose a business to significant penalties.

Three Galway people made tax settlements totalling close to a quarter of a million euro during the third quarter of the year, according to figures released by the Revenue Commissioners this week.

IBEC West, the group that represents business in the region, has said that Government must prioritise the protection of existing employment and stimulate job creation in the upcoming Budget, while remaining resolute in reining in the public finances. The west has an unemployment rate of 13.1 per cent, which makes job creation critical to the region.

Applications are now being invited to the second, broader Government Employment Subsidy Scheme and the deadline for applications is Wednesday December 23.

Applications are now being invited to the second, broader, Government Employment Subsidy Scheme, according to local Fianna Fáil TD Beverley Flynn. The criteria for the Scheme have now been expanded to support a wider range of jobs and Mayo businesses should investigate their eligibility for taking part in the scheme, Deputy Flynn said.