EUROPEAN STABILITY MECHANISM BILL 2012

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Big cup of coffee needed to read this one…………
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AN BILLE UM AN SÁSRA COBHSAÍOCHTA EORPACH,
2012
EUROPEAN STABILITY MECHANISM BILL 2012
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Mar a tionscnaíodh
As initiated
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ARRANGEMENT OF SECTIONS
Section
1. Definitions.
2. Payments by Minister in respect of authorised capital stock
of ESM.
3. Payments out of Central Fund.
4. Payments into Exchequer.
5. Privileges and immunities.
6. ESM exempt from requirement to be authorised or regulated.
7. ESM exempt from taxation.
8. Reports by ...

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3 year loss rule.

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The 3 year loss rule for the self-employed who are farmers.
If you are registered for self-assessment, have made a loss on your business for the last 3 years, but chose to offset this loss against PAYE tax paid, this article will be of interest.
If you file your own returns or the person filing the return for you does not fully understand ROS you could have an issue. The issue, I feel, is due to a flaw with the ...

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Self Employed and the State Pension.

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Many of my clients are delighted to see zero as their tax liability at the end of the year. The last thing most people want these days is another bill..
But its all very well having no tax to pay, but if you have no PRSI to pay, and you dont make a voluntary contribution, you are losing out on your opportunity to pay into the state pension.
For as little as €253 you could clock up a fulls years ...

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Enhancement to Pre-population of ROS Form 11

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Enhancement to Pre-population of ROS Form 11
ROS release weekend 12/13 May

Revenue eBrief 20/11 announced the availability of a facility to obtain a pre-populated ROS Form 11. A ROS release over the weekend of the 12/13 May has made a couple of enhancements to this facility.
Payments received from the Department of Social Protection.
Information on payments received from the Department of Social Protection (DSP) in the year 2011 will be made available where this information has been received from ...

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Terms to know if you fall into debt

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Brief explanation of some terms you would prefer not know !

Seizure of Assets by Sheriff (IE County Registrar).
Execution Order is served on the Sheriff directing him to seize goods to the value of the debt.
Rarely successful – thorny question of who actually owns the goods ie wife, parents etc.
Also the goods might be borrowed.

Attachment Order
Debtor obtains an attachment order of Garnishee Order directing that money (ie rent, salary. Pension etc.) to which the debtor is ...

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€200k Competitive Feasibility Fund Launched

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The Minister for Small Business, Mr John Perry TD, announced the establishment by Enterprise Ireland of a €200K Competitive Feasibility Fund aimed at stimulating start ups and creating jobs and growth in the North West Region (Counties Leitrim, Sligo and Donegal). Funding of up to €25,000 per project will be available under this initiative. The objective of the Competitive Feasibility Fund for the North West Region is to assist a new start-up company or individual entrepreneur to investigate ...

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