News

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    Budget 2020

    Budget 2020 - What does it mean for us? 

    Contact TASC Accountants for all your comments and queries in relation to Budget 2020. Read more

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    Budget Highlights -2019

    The Minister for Finance and Public Expenditure and Reform , Paschal Donohoe  presented his second Budget  to the Irish people  on 9th  October 2018.

    Please go through the attached 2018 Budget Highlights.

    If you have any questions on what the Budget means for you or your business, please do not hesitate to  contact TASC Accountants office. Read more

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    Budget Highlights -2018

    The Minister for Finance Paschal Donohoe introduced the 2018 Budget on 10 October 2017.He has been clear about his intent to create a pathway to prolonged stability and certainty – by balancing the books, investing in infrastructure and supporting business and families as they plan for the future. Further detailed measures will be included in the Finance Bill to be published on 19 October 2017.

    While you’ve probably seen plenty of media coverage, we thought you would appre... Read more

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    QUALIFYING DISCLOSURE ON FOREIGN INCOME AND ASSETS

    QUALIFYING DISCLOSURE ON FOREIGN INCOME AND ASSETS

    The purpose for this article is that we  believe this is an important area of interest to all Indians  living in the Republic of Ireland  and holding some kind of assets in India. We are getting many queries from the general public in particular from our clients as revenue published a deadline for this disclosure which is 30th of April 2017. Read more

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    HELP TO BUY – A NEW INCENTIVE FOR FIRST TIME BUYERS IN IRELAND

    First time buyers – Since January 2017 the maximum loan allowed is now 90% of the house value. That means a first time buyer have a deposit of 10% of the purchase value.

    HELP TO BUY – What it means &  Who is eligible?

    This service is for anyone who:

    • an individual who buys or self-builds a home or apartment for the first time

    • is ... Read more

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    Budget Highlights 2017

    MICHAEL NOONAN BEGAN his sixth budget statement saying the Irish economy is in ‘good shape’ and that his government plans to cut taxes and spend more next year.

    The first of this minority government, Budget 2017 – with a larger-than-anticipated package of €1.3 billion – has a stamp of approval from both Fine Gael and Fianna Fáil.

    Here are the main details of this year&rsqu... Read more

  • THE FINANCE (LOCAL PROPERTY TAX) (AMENDMENT) BILL 2015

    The Minister for Finance Mr Michael Noonan TD, has published the Finance (Local Property Tax) (Amendment) (No.2) Bill 2015.

    This follows the commitment given by the Minister in his Budget statement 2016 to seek Government approval to postpone the revaluation date for the Local Property Tax from 2016 to 2019. The postponement of the revaluation date means that home owners will not be faced with significant increases in their LPT in 2017 as a result of increased property values. This me... Read more

  • Revenue Refund Claims Deadline

    There is a four-year time limit for claiming income tax refunds.

    PAYE taxpayers seeking an income tax refund for 2011 must submit their claim to Revenue by 31st December 2015

     

    ... Read more
  • Tax implications of shopping online for goods from outside the EU

    Online shopping is increasing in popularity and, in the run up to Christmas, Revenue staff in postal depots across the country are noticing an increase in traffic as a result of shoppers looking for bargains online.

    Revenue would like to take this opportunity to advise people of the value of non-EU goods they can purchase before import duties i.e. Customs duty, VAT and Excise duty, become payable:

  • Update on tax clearance expiry dates and eTax Clearance

    In line with changes introduced in the Finance Act 2014, electronic Tax Clearance (eTC) will be introduced from January 1st 2016.

    Tax clearance certificates issuing in the period from April 1st 2015 have an expiry date of December 31st 2015. As part of the ongoing preparations for the introduction of eTC, certificates issuing in the period from July 1st to September 30th 2015 will have an expiry date of March 31st 2016.

    From January 1st 2016 all applications for tax c... Read more

  • IRISH LOW PAY COMMISSION RECOMMENDS INCREASE IN NATIONAL MINIMUM WAGE OF 50 CENT

    The Low Pay Commission is recommending an increase in the National Minimum Wage of 50 cent per hour. In its first report the Commission, which is tasked by Government to advise on the appropriate rate of the minimum wage, concludes that the National Minimum Wage should rise by 5.8% to €9.15 per hour.

    The current rate of the minimum wage is €8.65. The minimum wage was last increased in 2011 by €1 to €8.65, following a cut of a similar amount imposed by the previo... Read more

  • Public Consultation On The Tax Treatment Of Expenses Of Travel And Subsistence For Employees And Office Holders

    The Minister for Finance, Michael Noonan, T.D., has initiated a consultation process on the Tax Treatment of Expenses of Travel and Subsistence for Employees and Office Holders.Responses should be submitted by August 21 2015.

    The objective of this Consultation is to facilitate a review of the current law and practice in relation to the tax treatment of expenses of travel and subsistence for employees and office holders (hereinafter any reference to expenses of “t... Read more

  • Reminder to Income Tax filers about their Self­Assessment for the year ended 31 December 2014

    Income Tax filers are required to file their 2014 Tax Return and pay their liabilities on or before 31 October 2015. Under the self­assessment obligations contained in the Taxes Consolidation Act 1997 (as amended), it is the customer’s responsibility to calculate their own tax liabilities and complete the self­assessment section of the Form 11 Tax Return.

    Where a customer files their Form 11 on or before 31 August 2015, Revenue will calculate the tax, PRSI and Universal ... Read more