Empty homes – Ireland V London

Feb 22

I read an article this morning in the economist that London a city of 8 million people has just 24,000 long term empty homes. The article is available here  This reminded me of a similar article I had read relating to Ireland on Bloomberg. The article stated that  Ireland a country of 4.6m inhabitants has an […]

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New Motor Tax Rates 2013

Dec 13

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Benefit in kind on preferential loans – Budget 2013

Dec 13

There will be an increase from 12.5% to 13.5% in the specified interest rate to be used in calculating the taxable benefit arising on preferential loans. Where the preferential loan is a home loan, the specified rate will be decreased from 5% to 4%. Its important to note in this time of low interest rates that […]

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Tax deduction on large pensions

Dec 13

Changes will be put in place in 2014 to the maximum allowable pension fund at retirement. Tax relief on pension contributions will only serve to subsidise pension schemes that deliver income of up to €60,000 a year. This will take effect from 1 January 2014. Tax relief on pension contributions will continue at the marginal […]

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Budget 2013 update

Dec 7

Budget 2013 on Prezi

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How much preliminary Tax to pay

Nov 19

Preliminary Tax Preliminary Tax is the estimate of Income Tax and USC / PRSI payable by you for a tax year and must be paid by 31 October in the year in question.(This may be extended if paying and filing on Revenue online ROS) In calculating your Preliminary Tax payment you should ensure that it […]

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Store mobile numbers in Excel

Nov 19

When storing mobile numbers in excel you will often find that unless you put a ‘ in front of the mobile number (Storing it as text) Then the 0 at the start of the number will disappear. Heres my solution

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Do I have to notify the revenue if I open a foreign bank account

Sep 26

In any year in which you open a foreign bank account you are a ‘chargeable person’. This means that you are required to file a tax return in which you must declare, among other things, the name and address of the financial institution where the account is located, the date on which the account was […]

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Pay and File – 10 Tips to make your life easier

Sep 5

The pay and file deadline is fast approaching. Revenue have announced that Thursday the 15th of November 2012 will be the deadline for customers filing using ROS. The October 31st deadline remains for paper filers. If your filing yourself or using an accountant / tax consultant the following tips should help you out   1. […]

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Universal Social Charge

Sep 5

The Universal Social Charge (USC) came into effect on 1 January 2011. It replaced both the Income Levy and the Health Contribution. It is a tax payable on gross income, including notional pay, after relief for certain capital allowances,but before pension contributions. There is an annual exemption threshold of €4,004 up to 31 December 2011. This threshold […]

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