Archive for May, 2011

PRSI Rates

PRSI Rate Reduction

May 30

From the first of July the rate of employers PRSI will be halved to 4.25%  for individuals earning less than €356 per week. This new rate of employers PRSI will remain in place until the end of 2013 . This in my opinion is not enough. A tax on creating jobs is always a bad […]

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Allowable expenses against rental income

May 25

When preparing tax returns I often have to remind my clients that they may not be claiming for all allowable expenses against their rental income. I have  prepared a checklist which may assist landlords in ensuring they are claiming for everything they should. Remember all expenses should be wholly and exclusively for the business purpose […]

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The groupon bubble

May 18

I use groupon (City deals in Ireland) a bit. I travel with work and the hotel deals are excellent. Too good in fact when you consider the hotels get on average 50% of what you pay, and only after the guest has stayed. I’m sure the publicity is great for the hotels and if you have […]

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New reduced VAT rate

May 18

The Finance (No. 2) Bill 2011 has a provision for a new reduced VAT rate at 9%. This rate mainly applies to good and services related to tourism. This list of goods and services on which the VAT rate will change is listed below. Supplies of goods and services at the new 9% rate: catering […]

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VAT Rate

VAT and Charitable Donations via SMS Text Message

May 12

Questions have arisen in relation to the VAT treatment of donations to charity, usually for specific disaster appeals, made via mobile phones using SMS shortcodes. The purpose of this eBrief is to clarify the correct VAT treatment that should apply in respect of such donations. Overview: The provision of telecommunications services is liable to VAT […]

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