Preliminary Tax is an estimate of your total tax bill for the year which you pay on the 31st of October every tax year. Its important to remember that preliminary tax also includes PRSI, Health Levy and Income Levy
The amount of Preliminary Tax paid for any year is not less than the lower of:
90% [...]
Rent a Room Relief – where a room (or rooms) in a person’s principal private residence is let as residential accommodation, gross annual rental income of up to €10,000 (€7,620 in 2007) is exempt from tax. This does not affect an individual’s entitlement to mortgage interest relief or CGT exemption for a principal private residence.
To [...]
If you are a principal contractor, You must deduct Relevant Contracts Tax at 35% from payments made by you to an unauthoriesed subcontracted you have engaged to carry out relevant contract for example: meat processing, construction operations or meat processing on your behalf.
You do not need to deduct RCT payments from a subcontractor who [...]
Are you confused about your Tax Return?
Do you have unused capital allowances from a prior year?
Rental income
Unused loss from a prior year
Accelerated capital allowances
Maintenance payments
Foreign Rental income
Exempt income
Retirement Annuity Contracts
Capital Gains
We can help.
We offer fixed prices for each tax return (form 11) which are extremely competitive and agreed in advance.
If you would [...]
After a lot of hard work and testing I am proud to launch our Tax Refund website.
If you are an employee you may be entitled to a refund if any of the following apply to you.
* Tax Refund claims for Medical Expenses
* Tax Refund Claims [...]
If you are lucky enough to have some shares which have increased in value one way of reducing your liability to capital gains tax is to make full use of your annual exemption every year. (and your spouses if married)
Every year each tax payer has an annual exemption of €1270
For example if you bought some [...]
This is a common question I am asked. Do I have to register for VAT? I have created a very simple decision tree/ Flow chart to help you make this decision.
This diagram is not conclusive there may be other variables to consider before you start trading so its important to complete proper research or take [...]
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Try changing your browser when logging in with Chrome and Firefox I get this error if I use Internet Explorer [...]
1. Income Tax
Under the provisions of Section 73 TCA 1997, the remittance basis of assessment did not apply in respect of UK source income. However, Section 73 ceased to have effect in respect of UK income arising on or after 1 January 2008 (see Section 18 Finance Act 2008).
2. Capital Gains Tax
The remittance basis of [...]
Prior to officially registering your business with the revenue comissioners you may incurr expenditure. This expenditure may be allowable as a business expense subject to the following conidtions:
Introduction
Section 82 TCA 1997 provides that certain pre-trading expenses of a trade or profession are allowable in calculating the trading income of that trade or profession once it [...]
