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Published on Wed 23 of Dec, 2015
Revenue eBrief No. 120/15: Value-added Tax Consolidation Act 2010 (Revised Act)

The Law Reform Commission has reviewed and revised the Value-Added Tax Consolidation Act 2010 (VATCA) in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.

Revenue acknowledges the work carried out by the Law Reform Commission in this review and revision of the VATCA and has actively supported and assisted in the project.

Revenue has provided a link to the Revised Act on our VAT legislation webpage, together with links to the other national and EU legislative instruments in the area of VAT law and Notes for Guidance, in recognition of our strategic priority to make it easier to voluntarily comply, as set out in our Statement of Strategy 2015-2017 . The document may be reliably used as a reference tool for customers, tax practitioners, the general public and Revenue staff alike.

The Vat Legislation Manual (PDF, 62KB) refers.
Published on Tue 22 of Dec, 2015
Revenue eBrief No. 117/15: Relevant Contracts Tax – The application of RCT to relevant operations carried out in designated areas of the Continental Shelf

Relevant Contracts Tax (RCT) applies to payments made in certain industries by a principal contractor to a subcontractor for relevant operations. Section 530 of the Taxes Consolidation Act, 1997 refers.

Section 25 Finance Act 2015 extends the scope of RCT to relevant operations carried out in areas designated by order under section 2 of the Continental Shelf Act 1968. This change takes effect from 1 January 2016.

The Income Tax, Capital Gains Tax and Corporation Tax Manual, Part 18-02-01 (PDF, 108KB), has been updated to take account of this change.
Published on Thu 10 of Dec, 2015
Revenue eBrief No. 115/15: Guideline to electronic Tax Clearance (eTC)

From 1 January 2016 all applicants registered for tax who require a Tax Clearance Certificate should apply through the eTC system on ROS or myAccount.

The only exceptions to this are:

Tax Clearance Certificates required for Standards in Public Office (SIPO) purposes,
non-resident applicants who have no Tax Registration Number in this State,
non e-enabled applicants,
non-registered voluntary bodies.

A new guideline (PDF, 356KB) outlining the procedures to follow when dealing with an eTC application is available as a Tax & Duty Manual on the Revenue website at: Taxes & Duties - Tax & Duty Manuals Section 16 FOI Act - Collection - Tax Clearance.
Published on Mon 30 of Nov, 2015
Revenue eBrief No. 113/15: Transfer of Business

The VAT leaflet on Transfer of Business (TOB) has been updated to provide clarification on the circumstances in which TOB treatment applies to the transfers of property. It also clarifies the circumstances in which VAT charged, on services related to the transfer of assets subject to TOB, is deductible.

VAT Manual Chapter 12d-01 (PDF, 47KB) refers.
Published on Fri 20 of Nov, 2015
Revenue eBrief No. 112/15: Code of Practice for Revenue Audit and other Compliance Interventions

The Code of Practice for Revenue Audit and other Compliance Interventions (PDF, 685KB) has been updated and is now available on the Revenue website under: Tax Practitioners - Codes of Practice.

This Code of Practice for Revenue Audit and other Compliance Interventions is effective from 20th November 2015.

As regards compliance interventions, notice of which had been given but which had not been settled before the 20th November 2015, the taxpayer may choose whether the settlement is made under the terms of this Code of Practice for Revenue Audit and other Compliance Interventions or the Code of Practice for Revenue Audit and other Compliance Interventions dated 14th August 2014.

Published on Wed 18 of Nov, 2015
Revenue eBrief No. 111/15: Enhancement to Revenue's eRegistration Service for Companies

From 7 December 2015, when using Revenue's eRegistration service to register a new company for tax purposes, it will be mandatory for all applicants to enter the Company Registration Office (CRO) number. The CRO number will be automatically validated against the CRO record and the verified CRO number will be used to pre-populate the fields on the "Company Details" screen in the eRegistration service.

The registration screen in the eRegistration service also contains a new field and associated check box for the new company type known as "Designated Activity Companies" (DAC). When validating the CRO number, details of the company type will also be provided and if the company is a DAC, the check box will be automatically updated.

When registering the new simplified "Private Limited Company" (LTD Model), information about one company director only will be required on the "Director Details" page. However, this company type must have a separate Company Secretary. All other company types will require details of two directors.

If the CRO number entered cannot be validated against the CRO Register, registration through the eRegistration service will not be possible and the customer will be advised to contact the Companies Registration Office.
Published on Thu 12 of Nov, 2015
Revenue eBrief No. 110/15: Disclosure of information to Receivers/Mortgagees in Possession

Revenue's VAT Manual Part 04-02 (PDF: 101KB): Disclosure of information to Mortgagees-in-Possession (MIPs), Asset Receivers and other Receivers to enable them to meet their obligations under Value-Added Tax legislation - has been updated to supplement information contained in the recently updated Income Tax, Capital Gains Tax, Corporation Tax Manual Part 04-00-01 (PDF: 344KB): Guidelines on Tax Consequences of Receivership and Mortgagee in Possession (MIP) - and the corresponding eBrief 102/2015 .

This VAT Manual addresses the specific issue of the disclosure of information to Receivers and Mortgagees-in-Possession.
Published on Fri 23 of Oct, 2015
Advance Notice of PRSI Changes For Computer Users 2016

2016 Advance notice of PRSI changes for computer users
PRSI changes announced in the October 2015 Budget.
Download this announcemnet in a PDF format

Employee PRSI

  • The Class A threshold for charging the 10.75% rate of employer PRSI will increase from €356 to €376.
  • No change in the Class A €38 threshold for charging employer PRSI.
  • No change in the rates of employer PRSI for other PRSI Classes.

Class A Employee PRSI

  • The Class A employee PRSI rate of 4% remains unchanged.
  • The gross earnings between €352.01 and €424, the amount of the PRSI charge at 4% is reduced by a new tapered weekly PRSI Credit.
  • The maximum weekly PRSI Credit of €12.00 applies at gross weekly earnings of €352.01.
  • For gross weekly earnings over €352.01, the maximum weekly PRSI Credit of €12.00 is reduced by onesixth of weekly earnings in excess of €352.01.
  • There is no PRSI Credit once gross weekly earnings exceed €424.
  • Participants in Community Employment and the Employer PRSI Exemption Schemes with weekly gross earnings between €352.01 and €424 will benefit from a PRSI Credit, in the same way as other Class A contributors.
  • To accommodate the new PRSI Credit in Classes A and H, the thresholds for certain Class A and Class H subclasses are altered.
  • The new PRSI Credit will only apply to the subclasses AX, AL, HX and A7 and to those with weekly gross earnings between €352.01 and €424 in subclass A9.

(Further details of the new PRSI Credit are provided here ).
Other Employee PRSI

  • A PRSI Credit, equivalent to that for Class A employees, will apply to Class H and Class E employees.
  • No change in employee PRSI for other PRSI classes.

Self-Employed Class S

  • No change to PRSI Class S.

Class K

  • No change for PRSI Class K

Download this announcemnet in a PDF format
Published on Wed 21 of Oct, 2015
Revenue eBrief No. 104/15: Travel and subsistence expenses for sole traders

An individual sole trader is entitled to claim a tax deduction for any expenses wholly and exclusively laid out or expended for the purposes of his or her trade or profession. Whether or not an expense is wholly and exclusively incurred for the purposes of a trade is a test best interpreted with the assistance of case law. Revenue has recently published two Tax and Duty Manuals examining when travel and subsistence expenses pass this test, and are therefore tax deductible.

Manual Part 04-10-01 (PDF, 175KB) examines when travel expenses are allowable Case I / II deductions, while Manual Part 04-06-17 (PDF, 179KB) gives consideration to when food and subsistence payments are allowable deductions.
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