Thursday 23rd February 2012

PRSI Refunds News

26,000 receive PRSI Refunds A Story that was quietly building across the last few months broke loose today, as it was reported that more than 26,000 people shared in PRSI refunds of over €10m. Exempt from Health Levy The main … Continue reading

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2012 Tax Refunds

Claiming Tax Back from your P60 in 2012 Most people (in the private sector at least) will see their P60′s arrive now or in the next few weeks, as the Tax Refunds season starts.   So what are we expecting … Continue reading

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Boom to Broke: Tax Take from Construction

We were having a look at some of Revenue’s Annual reports lately and thought this would interest some of you out there. Here is Revenue’s tax take for 2010 by industry sector, below that we have the same table for … Continue reading

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Jan 2012 Mortgage Interest Relief

TRS Doubles in 2012 – Just not in January? If you are looking for tax refunds, or stuff you can claim back this January, Budget 2012 had one important sweetener for a lot of mortgage holders. If you took out … Continue reading

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Expected Child Benefit Changes in Budget 2012

Update Find out what changes were made to Child Benefit in Budget 2012 in our Budget 2012 Child Benefit update   Further cuts likely to Child Benefit In Budget 2011, the Government introduced cuts to Child Benefit with a €10 … Continue reading

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Budget 2012 – Possible PRSI Changes

PAYE Taxpayers to be charged PRSI on Unearned Income? It has been confirmed that PAYE tax will not be subject to much change in Budget 2012. However there are suggestions that an increase in PRSI is likely.   Rental Income & … Continue reading

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Motorists Targeted in Budget 2012

Motorists to feel the pain in Budget 2012 with … Vat, Carbon & Motor Tax Changes on the Budget Agenda The 2012 Budget is almost here and there has been speculation surrounding areas/sectors which may be affected. Taking on board … Continue reading

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Income Tax Change #2 – Rent Relief Tax Credit

Rent Relief  in Budget 2012 Rent Relief  is a very important tax credit for tax payers who are renting and paying tax.  For a single person in 2010, this was typically €400.  The Rent Relief Tax Credit was cut in … Continue reading

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Budget 2012: Income Tax Change #1: Bins.

No Changes to Income Tax? The Minster of Finance has told us, repeatedly now, that there will be no changes to Income tax in Budget 2012.  Should we bother with the Red Oak  Budget 2012 Calculator then?  We think he’ll … Continue reading

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Budget 2012: UK Vat v Irish VAT

We mentioned in a previous article that VAT is considered a regressive tax, disproportionately harder on the less well off. The second hatchet being thrown at the proposed VAT increase in the Ireland Budget 2012, is that it will take … Continue reading

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Budget 2012 – VAT Changes

Predictions for VAT in Budget 2012. Most years, VAT is not a topic of discussion come Budget day, But this Government has targeted VAT as an area in which they can influence economic activity & income generation and we’re expecting … Continue reading

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Revenue Error – Calculating Incorrect Tax Rumour

Have you seen this posted on your wall in facebook or on an email? I have recently found out that everyone who was working in ROI in the past 4 years can claim PRSI refund(not tax!). PRSI was counted incorrectly … Continue reading

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more on High Earners Restriction & Tax Relief.

As mentioned here, we wanted to give more information on the high earners restriction and it’s likely impact on charitable contribution. High Earners Relief & Donations Finance Act 2006 brought in a restriction aimed at High Earners for the tax … Continue reading

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Budget 2012 needs changes to protect charities

High Earners likely to cut Charitable contributions due to High Earner Restriction After Senator Crowne was in the newspapers for donating his senate salary to charity, we looked at the donation to see how much the charity would actually receive. … Continue reading

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Charitable deductions & Tax – Who Claims?

Giving to charity is good – and saves on tax! Giving to Charity and supporting charities, particular home based charities, is so much more in the public domain now, at least compared to my childhood when charity meant the Lenten … Continue reading

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Mortgage Arrears in Ireland

Home Mortgage Arrears Cases Rise Again Really was astonished at the latest report on mortgage arrears cases in ireland by the independent.ie today. We’ve had a lot of talk lately on ‘debt forgiveness’ for home owners recently – Todays reports … Continue reading

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Budget 2012 – What’s rumoured

Latest Budget 2012 News Early Days yet, but already a strong message coming out as to what changes we will see in Tax and charges in 2012 from the Budget in December. Already in the Pipeline – Cuts in Budget … Continue reading

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Getting it off your Chest about Taxes

Dear Mr Taxman … Sometimes you just don’t want to talk to Revenue. In fact, you maybe shouldn’t be talking to anyone!  So write a Letter.  But maybe not this one… Previously published in the UK, here you can see … Continue reading

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What is the Pension Levy?

Pension Levy in Brief The Pension Levy was introduced by the Minister of Finance, Michael Noonan (picture), to fund the Goverments ‘Jobs Initiative’ of May 2011 as a 0.6% charge on Pension Fund assets held in the state.  It will … Continue reading

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