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Posts Tagged ‘taxation’
|Finance Bill 2016 to be published on Thursday, 20 October
As you may know the Budget is being published next Tuesday 11 October. The Department of Finance has this week confirmed that Finance Bill 2016 will be published on Thursday, 20 October. The full dates for the Finance Bill process (subject to sign-off from the Business Planning Committee) are set out below.
The Departments of Finance and Social Protection issued a Consultation paper on what they term Intermediary-type Structures ie Contractors with a call for submissions closing on 31 March 2016.
We have reviewed the Consultation Paper and are disappointed it does not engage with the reality of the world of professional contracting and is more narrowly focussed on perceived losses of revenue to the Exchequer.
References to zero hours contracts appear as emotive headline grabbing comments but have little or no reality to Intermediary-type contracts.
Visiting artists earning income from performances in Ireland have a tax liability under Irish tax law which requires them to file a self-assessment return. However, because they are not tax resident in this country, there are practical difficulties in enforcing that liability. In other words they do not file returns and there is no pressure from the Revenue Commissioners to file these returns and pay this tax.
Listen here to Tax implications of Civil partnerships
Any queries contact Anthony Casey
The Revenue Commissioners launched their Contractors Project in the Revenue South West region (ie Munster) in Spring 2013 following what they perceived as wholesale tax evasion by professional IT, engineering and pharmaceutical contractors in the region.
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