Credit reporting bill

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The Minister for Finance today (28th September 2012) published the Credit Reporting Bill 2012. The Bill provides for the establishment and operation of a statutory Central Credit Register (CCR) system in Ireland. The publication of the bill by the end of September is a commitment under the EU-IMF Programme of Assistance.

 

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

 

“The Credit Reporting Bill 2012 is an important piece of legislation, ...

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IMPORTANT NOTICE TO EMPLOYERS; EMPLOYEE CESSATIONS AND COMMENCEMENTS VIA ROS

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ROS users are reminded of the procedures to be followed when ceasing employees and commencing new employees.
Employee cessations
PAYE Regulations instruct that Part 1 of the form P45 should be issued to Revenue immediately the employment ceases and that Parts 2, 3 and 4 should be given to the employee on the date the employment ceases. Delays in issuing the form P45 will result in inconvenience for the employee claiming social welfare benefits or paying emergency tax when they ...

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Life Insurance & Taxation Issues for Cohabiting Couples

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Society is constantly changing and one of the more pronounced changes in recent times has been the increasing trend towards couples cohabiting and having children before marriage. Unfortunately tax legislation tends not to change as quickly as society and this can cause a significant problem which people should be aware about. Even if the information in this mail may not directly relevant to your personal situation, I am certain that you will know people to whom the information ...

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Information Note on end-August 2012 Exchequer Returns

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Tax Revenue
• Tax revenue details are set out in Appendix I, available at www.finance.gov.ie
• Tax revenues to end-August, at just under €22.1 billion are €365 million (1.7%) ahead of
target. At end-August three of the “big four” sources of tax revenue are ahead of profile.
• In year-on-year terms, taxes are up almost €1.6 billion or 7.7%. Adjusting for the impact of
delayed corporation tax receipts and the PRSI to income tax reclassification issue, the yearon-
year growth ...

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Whats new in the CRO

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Credit/Debit Card Payments in the CRO

It is now possible to pay by credit/debit card for lodgements and enquiries in the CRO Public Office. Online credit/debit card options have also been extended and it is now possible to pay for online Business Name Applications in CORELinks to external website by credit/debit card.

CRO will shortly be introducing 3D Secure for online purchases and payment of online forms. 3D ...

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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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