The present operation of the RCT system will undergo a radical change from 1st January 2012 with the introduction of mandatory eReporting. All principal contractors MUST communicate all RCT matters with Revenue electronically from that date on through ROS, the Revenue Online Service.  Revenue have issued detailed guidance on the new regime including several tutorial...

The main features of the 2012 Budget are available from the Department of Finance and Revenue Commissioners  websites.  

For Self-Assessed taxpayers, Preliminary Tax for 2011 and any balance for Income Tax 2010 must be paid by 31st October 2011.  The deadline is extended to 15th November 2011 for electronic payment via the Revenue Online Service (ROS). More information is available on the Revenue website...

The VAT rate on certain goods & services changes from 13.5% to 9% with effect from 01 July 2011. The main goods and services involved are those relating to the supply of food and drink (excl alcohol & soft drinks) in the course of catering or vending machines, hot take away food & drink, hotel lettings incl guesthouses, camping sites etc., cinema...

The main tax and related points of the 2011 Budget may be accessed from Revenue’s website at http://www.revenue.ie/en/press/budget/2011/index.html The main Social Welfare changes may be accessed from the Dept of Social Protection’s website...

The NPPR charge of €200 levied on Non Principal Private Residences is payable within 3 months of the liability date. For 2010 the liability date is 31st March 2010. This means that the charge is payable by 30th June 2010. Late payment attracts penalties at €20 per month until paid. Online payment may be made.  Full details are available on the NPPR website...

Capital Acquisitions Tax (C.A.T.) encompasses the areas of Inheritance Tax and Gift Tax.  C.A.T. is charged on amounts above certain thresholds. The thresholds depend on the relationship between the person receiving the gift/inheritance and the person from whom the gift/inheritance was received.   The current rate of C.A.T. is 30%. Certain reliefs from C.A.T. are...

Capital Gains Tax (C.G.T.), like other taxes is self-assessed. Recent Finance Acts have altered both the rates of and dates of payment of C.G.T. Currently the standard rate of C.G.T. is 30% ( from midnight 6th December 2011). Dates of payment of C.G.T. are :- For gains arising in the “inital” period 01 January to 30 November of a tax year, the C.G.T. is...

Corporation Tax (C.T.) operates on a self-assessment basis similar to Income Tax. All companies must file C.T. returns within 9 months of the financial year end. C.T. where due  must be paid in stages commencing 1 month before the financial year end. We assist client companies to comply with their obligations by preparing the company C.T. computations and returns...

All companies must file returns annually with the Companies Registration Office (C.R.O.). Each company is allocated an Annual Return Date (A.R.D.) and returns must be filed within 28 days of the A.R.D. Failure to file returns on time can result in substantial late filing fees and persistent failure can result in the company being struck off the register. For audit...