Attachment of Wages/Salaries under S.1002 TCA 1997

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Attachment of Wages/Salaries under S.1002 TCA 1997

The Finance Act 2011 extended the power of attachment to wages/salaries in the enforcement of debt due to Revenue.

UpdatedpdfGuidelines (PDF, 1.53MB) for Attachment reflecting the Finance Act 2011 changes are published on the Revenue website at: Taxes & Duties – Tax & Duty Manuals Section 16 FOI Act – Collection – Enforcement – Guidelines for Attachment.

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“Cross-border” workers and universal social charge (USC)

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“Cross-border” workers and universal social charge (USC)

The rate at which an individual is charged to USC is determined by whether that individual is entitled to a full [1] medical card under Irish or EU [2] legislation. Individuals with such entitlement, who are aged under 70 years, are generally chargeable to USC at a maximum rate of 4%. In the case of an individual with income from self-employment that exceeds €100,000 in a particular tax year, the rate is ...

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Older people’s tax credits and reliefs

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Older people’s tax credits and reliefs

Information

If you are aged 65 or over, you are liable to pay income tax in the normal way. However, the tax exemption limits are much higher for people aged 65 or over and there are some extra tax credits.

It is possible to get tax relief for covenants to people aged 65 and over.

In certain circumstances, you may be able ...

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Overcharged PRSI ?

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Tens of thousands of workers are due a refund for overpaying their PRSI.

The Department of Social Protection has confirmed that €10m has already been paid back to taxpayers, who have received an average refund of €400.

The overcharging is due to the way the health levy element of social insurance was applied in 2010.

Anyone earning less than €26,000 was not liable to pay the levy.

However, if a person earned more than €500 in a given week the levy was automatically deducted ...

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2012 Finance Bill Summary

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The Bill, which will go through the Oireachtas in the coming weeks, gives effect to the following measures announced on Budget Day:

  • The Bill makes provision for the changes to mortgage interest relief announced in Budget 2012 to implement the Programme for Government commitment. It provides for an increase to 30% in mortgage interest relief for first time buyers who took out their first mortgage in the period 2004-2008. The Bill will also ...
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Retention of Tax Records in Electronic Format

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The updated requirements differ from the previous requirements (see Tax Briefing 46, December 2001) in two respects:

  • It is now no longer a requirement to retain the paper originals of any third party record where an electronic copy of the original record is generated, recorded and stored in accordance with the information technology and procedural requirements as published.
  • Addition of a requirement that all electronic copies of records must be accessible to a Revenue official in ...
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Quick Quote

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If you need a quick quote for an accounting or tax service you need completed drop us a line with your details below.

We promise to return your request

and always promise a competitive rate for a prompt service.

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Universal social charge and capital allowances – 2011 Form 11

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This eBrief is to make people aware of the importance of completing the Form 11 for the tax year 2011 correctly in relation to claiming capital allowances as not all capital allowances are deductible in arriving at the amount of income chargeable to the universal social charge (USC).

The capital allowances that are deductible are those incurred on the provision, for trading purposes, of:

  • Plant and machinery
  • Vehicles used for business purposes
  • Certain types of buildings, such as factories or farm buildings

Any capital allowances ...

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Guide to Start your own business

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Setting up a business

 

Information

If you are thinking of starting a business there are a number of issues you need to consider. Different supports and regulations apply, depending on your particular situation. You may be employed, unemployed or someone who is coming from outside Ireland to set up a business. This document highlights some of the important information you need to know with links to relevant topics.

The website selfemployedsupports.ie has information on the services and entitlements available if you are self-employed ...

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Capital Acquisition Tax

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Capital Acquisition Tax

Are you aware that if you receive a gift or inheritance from someone you may be liable to pay Capital Acquisition Tax?  

Did you know there are certain reliefs and exemptions that you may be entitled to in order to reduce this tax payment?  

For further information please read article below and if you have any queries do not hesitate to leave your contact details on our web site ...

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