21 December 2011

The standard rate of VAT will increase from 21% to 23% from 01 January 2012.

28 March 2011

The €200 annual charge on non principal private residences falls due on 31 March 2011. In order to avoid late payment penalties this must be paid before 30 June 2011 to the local authority in the area where the property is located.

11 March 2011

KSA Shiels & Co. welcomes some of the measures published in the proposed Programme for Government including;

• Halving the lower 8.5% rate of Employers PRSI up to end 2013 on jobs paying up to €356 per week
• Cutting the 13.5% rate of VAT to 12% up to end 2013
• Keeping the corporate tax rate at 12.5%
• Maintaining the current rates of income tax together with bands and credits. No increase the top marginal rates of taxes on income
• There will be no increase in the standard 10.75% rate of employers PRSI
• Establish a Tax and Social Welfare Commission to examine entitlements of self-employed and the elimination of disincentives to employment. In particular, it will examine family and child income supports, and a means by which self-employed people can be insured against unemployment and sickness.

14 December 2010

• Kevin Shiels is giving a Budget presentation to the 7.30 Business Club tomorrow (Wednesday 15 December 2010) at the Glencarn Hotel in Castleblayney. Presentation starts from 7.30am, breakfast is provided.
• Remember that all tax refund claims for the tax year 2006 must be submitted with Revenue by 31 December 2010. This includes all tax heads, income tax, VAT etc.

09 December 2010

Universal Social Charge is explained in our Tax News section.

08 December 2010

Tax examples from the budget:

Married couple, one earning €50k, 2 children

Net loss €1,355

Single person earning €45k

Net loss €885

Check out the latest budget analysis in our tax news section. If you have any queries or need clarification please do not hesitate to contact this office. We are Registered Tax Consultants.