Non Principal Private Residence (NPPR) Charge

Dec 20

It has come to my attention that the Revenue Commissioners are taking the view that this €200 charge is not deductible in calculating tax on any rental income from the property. Double taxation?

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Design your own invoices with Xero

Dec 20

Design your own invoices Phew.todays release is one of the biggest weve done and has some of your most requested features. Santas come early! Theres quite a bit to take in as youll see, but lets start with customizing your invoices. You may remember in June we introduced invoice branding to let you personalize your […]

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Sam Knowles joins Xero Board

Dec 20

Sam Knowles joins Xero Board Were delighted to have Sam Knowles, the founding CEO of KiwiBank, join the Board of Xero. Sam has supported us from the early days, being a shareholder from our IPO and catching up with us from time to time to share ideas. Sam replaces our very good friend Guy Haddleton, […]

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LIQUIDATIONS, RECEIVERSHIPS, EXAMINERSHIPS SUBMISSIONS PROCESSED BY CRO BETWEEN 10-DEC-2010 AND 16-DEC-2010

Dec 20

EXIDE BATTERIES (IRELAND) LIMITED DEERPARK LIMITED GRAMAC IRISH SPRINKLERS LIMITED SHOE TREE LIMITED MONUCLAD LIMITED PIERSE CONTRACTING TEHMAR LIMITED OLIVE GROVE ESTATES LIMITED ANGELA O’CONNOR LIMITED TRAX LIMITED DITTO LIMITED KINLOUGH DEVELOPMENTS LIMITED WORLD MERCY FUND (IRELAND) LIMITED MILDALE DEVELOPMENTS LIMITED MILO HENRY & SONS LIMITED MOTORSCENE LIMITED COUNTISE COMPANY LIMITED RIGEL LIMITED TH REINSURANCE […]

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Blind persons tax credit reduction – Whats the point?

Dec 18

I was reading through some of my notes on budget 2011 today. (Exciting way to spend a Saturday afternoon!) and I noticed the Blind persons tax credit has been reduced from €1830 to €1650. I began to wonder how much revenue this move would generate for the exchequer and what was the point in changing […]

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Reliefs being abolished – Budget 2011

Dec 18

ABOLITION OF RELIEFS (from 1 January 2011 unless otherwise stated) Rent Relief to be phased out over 8 years; the same timeline as previously announced for Mortgage Interest Relief. Patent Royalty Exemption, effective from the launch of the National Recovery Plan on 24 November 2010. Tax relief on Loans to Acquire an Interest in Certain Companies. Abolition […]

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Reform of RCT (Relevant Contracts Tax) Budget 2011

Dec 18

The following changes are contained in Budget 2011 • Replacement of the current RCT rate of 35% with a tworate withholding system on a revenue neutral basis: o 20% rate for subcontractors registered for tax with an established compliance record; o 35% rate for subcontractors not registered for tax; C2  registered subcontractors who, as before, […]

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Pricing policy – Price as a measure of quality

Dec 18

On a recent podcast by Freakonomics radio the presenters discussed the how consumers allowed the price of a bottle of wine to affect their perceived taste. The best example of this was in a survey featured on the podcast. A group of wine experts were given a taste test. They were told one bottle of […]

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Budget 2011 passes through Dáil

Dec 10

Budget 2011, one of the toughest on record with €6bn in tax hikes and spending cuts, was passed in the Dáil last night with a comfortable majority for the Government. The budget was passed after vote of 82 to 77 in favour of the financial measures. Independents Michael Lowry and Jackie Healy-Rae both voted with […]

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Universal Social Charge (USC)

Dec 7

In an effort to rationalise the taxation system to some extent the minister has decided to abolish health levy and income levy and replace them with a universal social charge. The universal social charge has been touted as revenue neutral but as I haven not made my calculations I cannot confirm that yet. While this […]

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