Saturday 25th May 2013

Category Archives: Income Tax

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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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

Posted in Bin & Service Charges, Budget 2012, Income Tax, Paye Tax, Rent Relief, Tax Refunds Tagged , 1 Comment

2011 NPPR notification

NPPR payment due on second properties If you have a second property and have registered it as a Non Principal Private Residence, then you will have received a notification today that your NPPR for 2011 is now due. The NPPR payment can … Continue reading

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Trends in Tax Refunds in 2011

Who’s Claiming Tax Refunds in 2011? With all the changes in the Tax System in the last few years, you can easily lose track of what you can claim with in excess of 200 Tax Credits and Income Deductions available … Continue reading

Posted in Health Levy, Home Carers, Income Levy, Income Tax, Paye Tax, PRSI, Redundancy, Tax Refunds Tagged , , , , , 10 Comments

2011 – Pension Charges & Tax

What’s new for Pension Contributions in 2011? in 2010, if you were a higher rate tax payer and made contributions to a pension, you were allowed relief of income tax at 41% – but also you did not have to pay … Continue reading

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P60 Example 2010

Aaaaahhhh!  It’s my P60!  So many numbers, so much information, I don’t understand it, I think I’ll file it away for now. If you were working at the end of the year, you should be getting a copy of P60 in the … Continue reading

Posted in Health Levy, Income Levy, Income Tax, Paye Tax, PRSI, Tax Refunds Tagged , , , , , 1 Comment

Landlords forced into tax net

3 prong strategy forcing landlords into declaring rental income   What have the 2nd Property Tax, PRTB Tenant Registration and the Rent Relief Tax Credit got in common?  They can all be used by Revenue to identify Landlords who are … Continue reading

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Universal Social Charge

The ESRI published it’s latest pre budget briefings and in it outlined a proposed Universal Social Charge.  They are proposing that this be introduced in the next Budget as a Revenue Neutral Item. Why a Univeral Social Charge? If it’s … Continue reading

Posted in Budget 2012, Health Levy, Income Levy, Income Tax, Paye Tax, PRSI 6 Comments

Refunds of DWT (Dividend Withholding Tax)

DWT, or Dividend Witholding Tax, is deducted from dividends paid by Irish companies. If you are in receipt of Irish dividend income, DWT is deducted at 20%. This 20% is then used as an offset against your income tax liability. … Continue reading

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Your Employment contributions – how do they compare?

We talked previously about government representatives talking about how only 50% of workers pay income tax – and why this is not a good measure of the contribution low paid workers make to the government coffers as an effect of their employment.  … Continue reading

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Lies, Damn Lies – and politicians quoting EuroStat

“50% of Workers not paying any Income Tax” This little snippit of fact has been one of the most frequently  quoted up and down the country by Politicians in this last month.  We hear it quoted as from the Commission for Taxation … Continue reading

Posted in Budget 2012, Health Levy, Income Levy, Income Tax, Paye Tax, PRSI Tagged , , 7 Comments

income levy refunds

Are you due an income levy refund? Here are 8 top reasons people may be able to claim back overpaid income levy amounts in 2009. Get your Income Levy tax back now with Red Oak Tax Refunds. Continue reading

Posted in Income Levy, Income Tax, Paye Tax, Redundancy, Tax Refunds 4 Comments

Claiming Tax Back – What’s New

If you are looking to claim a tax back for 2009, the picture has changed somewhat from previous years.  Some of the changes will mean you are due less of a tax refund, other changes have increased the amount of … Continue reading

Posted in Bin & Service Charges, Employment Expenses, Health Levy, Home Carers, Income Levy, Income Tax, Medical Expenses, Medical Insurance, Paye Tax, PRSI, Rent Relief, Tax Refunds Tagged , , , , , 4 Comments

Health Levy & Reducing it’s impact on your Salary

A few weeks ago we spoke about how fundamentals errors in the implementation of the Health Levy could result in a €1,000 gross pay rise could result in less money in your pocket after tax.  We hope the government clears … Continue reading

Posted in Budget 2012, Health Levy, Income Tax Tagged , 4 Comments

How a pay rise can leave you worse off

You can be up to €1,040 worse off for increase in salary in Health Levy fiasco. Tax system means a €1,000 pay rise can leave you €290 worse off depending on how much you earn. Lets see this in action … Continue reading

Posted in Health Levy, Income Levy, Income Tax, Paye Tax, PRSI Tagged , , , , , 4 Comments

CGT Treatment of Anglo Irish Bank Share Losses

As an Anglo Irish Bank Shareholder, the value of your stake in the bank was not finalised on the nationalisation of the bank earlier this year. According to Minister of Finance Brian Lenihan an assessor would be appointed at a … Continue reading

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10 things you should know about PRTB

Landlords, have you registered your tenants with the Private Residential Tenancies Board (PRTB) Here are ten very good reasons why landlords and tenant should make sure that tenancies are registered. You can find out more about Rent and Tax here. … Continue reading

Posted in Income Tax, Paye Tax, Rent Relief, Self-Employed & Directors Tagged , , 3 Comments