Taxation of Weekly Pension from Department of Social Protection (DSP)
As part of the ongoing exchange of information arrangements between the Department of Social Protection (DSP) and Revenue, Revenue has received information from the DSP of long-term pension payment details covering the State Pension, the Transition Pension (paid to people aged between 65 and 66), Widow’s / Widower’s / Surviving Civil Partner’s and Invalidity pensions. Continue reading
Pensions Tax Dilemma
It is incredible how the Revenue got this so wrong. They have sent 115,000 letters to people which resulted in 20,000 people contacting the helpline on Friday and Saturday last. The phone lines were jammed again on Monday and it looks like this will continue throughout the week. “Distraught pensioners in tears are ringing the Revenue and when they can’t get through they are ringing the Pension Ombudsman.” Continue reading
Passing On Wealth
Ever since the government spoke earlier in the year, saying that income tax rates will not rise. There has been speculation as to where they are going to raise the extra cash for December’s budget. The obvious move is that they will hit tax relief. One tax relief that has been hit already is Capital Acquisition tax. This is the tax that is charged when an asset is passed from one person to another. Continue reading
Self Assessment – Pay & File for Income Tax Year 2010
Self Assessment – Pay & File for Income Tax Year 2010
On 31 October each year, a self-employed individual/company director, PAYE worker with untaxed non-PAYE income is required to: Continue reading
Cash Registers & EPOS Systems (Electronic Point of Sale)
Cash registers and EPOS systems form part of the records required to be retained by a business for tax purposes. In the event of a Revenue visit they may be subject to an inspection by the tax authorities.
To assist retailers in checking that their cash register and EPOS systems meet their business requirements and their tax obligations, the following forms part of Revenue’s checklist: Continue reading
