PAY & FILE DEADLINE
About 20% of self-employed taxpayers are likely to miss the impending pay-and-file deadline and will have to pay penalties as a result, The Sunday Business Post reports.
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About 20% of self-employed taxpayers are likely to miss the impending pay-and-file deadline and will have to pay penalties as a result, The Sunday Business Post reports.
The Revenue is stepping up its crackdown on undeclared income by targeting accountants, lawyers and other professionals, The Sunday Business Post reports.
Chartered Accountants Ireland have reviewed the Programme of the “Government for National Recovery” published by the Fine Gael and Labour parties at the weekend. The programme contains some detail as to what can be expected in terms of tax policy. Among the tax proposals are the following:
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.
The Sunday Business Post relates a cautionary tale of an unnamed Irish finance director in a leading international financial services company who is now calling for stricter regulation on spread betting after losing $750,000 “on bets that went spectacularly wrong”.
