The Revenue have recently issued an information leaflet on cash registers which applies to all VAT registered customers who deal in cash. The most significant change affecting cash register records is that each record must
The carbon tax announced in the budget last December will be applied to home heating oil and natural gas from 1 May. The levy will also apply to peat briquettes, however no date has as yet been set for its introduction.
On the day that the bank loans transferred to NAMA and administrators were appointed to Quinn Insurance, the Revenue Commissioners issued the following press release:
Following a recent determination by the Appeal Commissioner, the Revenue Commissioners accept that cooking chocolate comes within the meaning of paragraph (xii) of the Second Schedule to the VAT Act, 1972 (as amended) and is therefore liable to VAT at zero per cent.
Welcome to the real world!
Government Ministers have been ordered to justify the retention of tax breaks relevant to their departments ahead of a cull on tax reliefs, according to the Sunday Business Post.
The National Pensions Framework was published by the Department of Social and Family Affairs last week. Key recommendations made include:
- An effective tax relief on personal pension contributions at 33%
- A mandatory approach to pension scheme membership
- A cap of €200,000 on the tax free lump sum
- Increasing the state pension age