Skip to main content

Tag: taxation

TAX EFFICIENT PREGNANCIES

Expectant parents could save more than €1,000 by being tax-efficient during pregnancy, The Sunday Business Post reports.

Transport by ambulance for pregnancy-related travel, physiotherapy and hospital-based ante-natal treatment would all qualify for relief. Also, in many cases consultants’ fees and other additional necessary services would come into the equation.

Following birth, claims may also be allowed on the cost of follow-up treatments, check-ups and medicines.

Tax relief on medical expenses is now capped at 20%, regardless of the individual’s tax bracket but claims can still be backdated for four years and before 2009 the rate was 41%.

If you think you have unclaimed medical expenses contact Anthony Casey to process your tax refund claim.

INCOME TAX CRACKDOWN

Dentists, PAYE workers and the cash-for-gold industry are coming under intense scrutiny from the Revenue, which is determined to crack down on the shadow economy, The Sunday Times reports.

Continue reading

INVESTMENT TAXES

Local authorities can expect to gain almost €100m more in annual revenues from a proposed increase in tax on holiday homes and investment properties, according to The Sunday Business Post.

Continue reading

MAKING IT EASY TO PAY YOUR TAXES!

The Revenue Commissioners are bending over backwards to make it as easy as possible for firms to pay their taxes it seems, moving more and more services online and accommodating struggling firms who are finding it difficult to service their tax bills, according to a report in The Sunday Business Post.

Continue reading

CORPORATION TAX RATES

Newly-elected Taoiseach Enda Kenny has  told Europe where it can get off with its offer of a 1% reduction in interest rate repayment rates in exchange for changes to Ireland’s sacred 12.5% corporate tax rate, according to The Sunday Business Post and The Sunday Independent.

Continue reading

COALITION TAXES

The agreement to form the new coalition government between Fine Gael and Labour is based largely on consensus around taxation reform, The Sunday Times front page lead article reports.

Continue reading

WEALTH TAX

The new so-called  ‘rich tax’ could take away the “lifeline to small business” by excluding traditional investors from taking part in the much-touted successor to the Business Expansion Scheme, according to tax, pension and legal adviser firm, ITC Consulting.

Continue reading

ELECTION 2011 AND YOUR TAXES

There just ain’t no escaping it this week – all eyes are on Friday and what the fallout will mean for your pocket. The Sunday Times and The Sunday Business Post both offer comprehensive synopses (if that’s not an oxymoron) of the policies being promised by the main parties and how this will likely affect various strata of society.

Continue reading

ANALYSIS OF FINE GAEL & LABOUR TAX PROPOSALS

Promises, promises … is there no end to them as the February 25 election day draws nearer? At least the electorate is beginning to get a clearer idea of what to expect on the tax front when the new government takes power. And, increasingly, it is looking like Fine Gael’s pronouncements on just about everything are the ones to watch.

Continue reading

REVENUE AUDITS

A financial controller in a manufacturing company with 30 employees writes to The Sunday Business Post seeking advice on how to react when confronted with the prospects of a tax audit. He has noticed an over-claim on Vat and is wondering if he has to disclose this and also wonders if he is duty-bound to disclose commercially sensitive information.

Continue reading

HOW MUCH TAX DO THE WEALTHY PAY?

The 450 wealthiest people in Ireland paid on average about €750,500 each in tax last year – about a twentieth of the €14m tax bill paid by Michael O’Leary in the Celtic Tiger days of 2003, The Sunday Independent reports.

In 2007, the Revenue unit that monitors the tax affairs of the super-rich collected €544m in taxes. Last year, the total almost halved to €337.7m.