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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Value-Added Tax – Bakery Products and Food Supplements

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Value-Added Tax – Bakery Products and Food Supplements

The purpose of this eBrief is to clarify Revenue’s VAT treatment of Bakery Products and Food Supplements.

Bakery Products

The supply of bakery products such as cakes, biscuits, bagels and croissants, being flour or egg based bakery products, is liable to VAT at the reduced rate of 13.5% in accordance with paragraph 3(5) of Schedule 3 of the Value-Added Tax Consolidation Act (VATCA) 2010, as amended.

The ...

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IACT Corporate Treasury and Cash Management Conference, Speech by Mr Brian Hayes TD, Minister of State

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Good morning everyone.

 

And thank you, David and Brendan, for your introductory remarks.  I was delighted to learn of the Association’s resurgence in recent years, a testament to all involved.

 

I am very happy to be here today and to share some thoughts with you. We should never underestimate the value of simply bringing people together to meet, talk to each other and to exchange ideas, especially during these difficult times.

 

Difficult times indeed, but there are underlying strengths of Ireland’s economy in ...

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VAT and Medical Services

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VAT and Medical Services

Professional Medical care services recognised by the Department of Health are exempt from VAT in accordance with Paragraphs 2 (3) and 2 (7) of Schedule 1 of the VAT Consolidation Act 2010.

The European Court of Justice (ECJ), which interprets the VAT Directive, decided in a number of cases that certain services provided by professional medical personnel which do not have the purpose of protecting, including maintaining or restoring a patients health, or diagnosing, treating or curing, illnesses, ...

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Universal Social Charge Regulations 2011

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Universal Social Charge Regulations 2011 (S.I. 658 of 2011)

The Revenue Commissioners, in exercise of the powers conferred on them by section 531AAB (inserted by section 3 of the Finance Act 2011 (No. 06 of 2011)) of the Taxes Consolidation Act 1997 (No. 39 of 1997), have made pdfRegulations (PDF, 113KB), entitled as above on 16 December 2011.

Copies of the Regulations will be available from the Government Publications Sales Office, Sun Alliance House, Molesworth ...

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