Publication of General Scheme of the Credit Reporting Bill 2012

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The Department of Finance has today (29th August 2012) published the General Scheme of the Credit Reporting Bill 2012. The Bill will provide for the establishment and operation of a statutory Central Credit Register (CCR) system in Ireland.

 

Commenting on the publication of the General Scheme of the Bill, the Minister for Finance, Mr. Michael Noonan, T.D. stated:

 

“The establishment of a mandatory credit reporting and credit checking system, regulated and operated by the Central Bank of Ireland, will ensure that lenders ...

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Finance (No.2) Act 2011 – Levy on Pension Schemes

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Finance (No.2) Act 2011 – Levy on Pension Schemes

Section 125B of the Stamp Duties Consolidation Act 1999 (as inserted by section 4 of the Finance (No.2) Act 2011) provides for an annual stamp duty of 0.6% of the market value of assets held for the purposes of pension schemes approved by the Revenue Commissioners under Irish tax legislation.

The legislation provides, in the definition of “chargeable amount” (to which the 0.6% Stamp Duty is to be applied), that the chargeable amount ...

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Starting a business – Support from the Sligo Enterprise Board

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Starting a Business

Starting your own business can be an exciting and challenging time.

Here are 10 Steps that will help you get started:

Step 1 Know Yourself

  • It is only when you have assessed yourself can you properly assess the potential of your business idea. It is important to think about who will buy your product/service? Why will they buy it and how much will they pay.

Step 2 Are you a Risk Taker?

  • A new business can be an exciting and challenging time, ...
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EMPLOYER PRSI CHARGE ON SHARE-BASED REMUNERATION

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NOTICES TO EMPLOYERS ON ABOLITION OF EMPLOYER PRSI CHARGE ON SHARE-BASED REMUNERATION and PRSI INCORRECTLY PAID ON EMPLOYER CONTRIBUTIONS TO AN EMPLOYEE’S PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA).

The Minister for Social Protection, Ms. Joan Burton T.D., issued a Press Release on 23rd August 2011 regarding share-base remuneration which is available at http://www.welfare.ie/EN/Press/PressReleases/2011/Pages/pr230811.aspx

The Minister has authorised that the deduction and remittance of employer PRSI on share-based remuneration cease with immediate effect.

The Minister has further authorised the ...

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Pre-Population of ROS Form 11 and ROS Form CT1 – Clarification

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Revenue currently provides a facility for customers and agents to complete a pre-populated Form 11 for 2010 and Form CT1 for accounting periods ending in 2011. The facility is available in both ROS on-line and ROS off-line applications.

In ROS on-line mode the user is given the option to open or reject a pre-populated form. If the user chooses to reject it they will be presented with a blank form as before.

If the user wishes to complete a pre-populated form off-line, ...

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Tax Savings for the Self Employed

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Halloween is fast approaching and the 31stof October makes a lot of us nervous not just because of ghosts and ghouls! This date is also the deadline for those tax payers in the self-assessed category to submit their 2010 annual return to the Revenue Commissioners.

If you are one of these tax payers, be it a self-employed tradesman, a taxi driver, a company director or a PAYE worker with untaxed income above €4004 ...

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Payment of Tax by Credit Card

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A facility to pay tax (excluding Domicile Levy) to Revenue by credit card is now available [limited to VISA and Mastercard]. Arrangements to pay by credit card can only be made, for the moment, by telephone. Revenue’s dedicated payment by credit card telephone service is available Monday to Friday 9:00-17:00 hours on 1890 27 37 47 (international customers +353 1 828 8045)

A person wishing to pay by credit card must pay a ...

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Relevant Contracts Tax (RCT) – Important note relating to C2 applications

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The new RCT system will go live on January 1st 2012. Principal Contractors will be able to access the new system from 28th November 2011 to allow them notify Revenue of the contracts that will be rolling over into 2012 or make amendments to these contracts.

In general, subcontractors with a valid C2 on 25th November 2011 will qualify for the zero rate from 1st January 2012 and this rate will remain until 31st March 2012.

To ensure that

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Infrastructure & Capital Investment 2012-16 announcement

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Speech from Minister

 

Last week my colleague, the Minister for Finance, published the Medium-Term Fiscal Statement.  It sets out the contribution to our consolidation effort from taxation and current and capital spending.  Today, I set out the Government’s capital spending programme consistent with that framework.

 

Clearly we are now living in different economic times.  This report, by necessity, is about priorities.  We cannot afford to do all that we want to do.  It is fashionable in some quarters to suggest the emphasis ...

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