Author Archive

NOTICES TO EMPLOYERS ON ABOLITION OF EMPLOYER PRSI CHARGE ON SHARE-BASED REMUNERATION and PRSI INCORRECTLY PAID ON EMPLOYER CONTRIBUTIONS TO AN EMPLOYEE’S PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA).

The Minister for Social Protection, Ms. Joan Burton T.D., issued a Press Release on 23rd August 2011 regarding share-base remuneration which is available at http://www.welfare.ie/EN/Press/PressReleases/2011/Pages/pr230811.aspx

The Minister has authorised that the deduction and remittance of employer PRSI on share-based remuneration cease with immediate effect.

The Minister has further authorised ...

The new RCT system will go live on January 1st 2012. Principal Contractors will be able to access the new system from 28th November 2011 to allow them notify Revenue of the contracts that will be rolling over into 2012 or make amendments to these contracts.

In general, subcontractors with a valid C2 on 25th November 2011 will qualify for the zero rate from 1st January 2012 and this rate will remain until 31st March 2012.

To ensure that

Speech from Minister

Last week my colleague, the Minister for Finance, published the Medium-Term Fiscal Statement.  It sets out the contribution to our consolidation effort from taxation and current and capital spending.  Today, I set out the Government’s capital spending programme consistent with that framework.

Clearly we are now living in different economic times.  This report, by necessity, is about priorities.  We cannot afford to do all that we want to do.  It is fashionable in some quarters to suggest the emphasis ...

Value-Added Tax – Bakery Products and Food Supplements

The purpose of this eBrief is to clarify Revenue’s VAT treatment of Bakery Products and Food Supplements.

Bakery Products

The supply of bakery products such as cakes, biscuits, bagels and croissants, being flour or egg based bakery products, is liable to VAT at the reduced rate of 13.5% in accordance with paragraph 3(5) of Schedule 3 of the Value-Added Tax Consolidation Act (VATCA) 2010, as ...

Good morning everyone.

And thank you, David and Brendan, for your introductory remarks.  I was delighted to learn of the Association’s resurgence in recent years, a testament to all involved.

I am very happy to be here today and to share some thoughts with you. We should never underestimate the value of simply bringing people together to meet, talk to each other and to exchange ideas, especially during these difficult times.

Difficult times indeed, but there are underlying strengths of Ireland’s economy in ...

VAT and Medical Services

Professional Medical care services recognised by the Department of Health are exempt from VAT in accordance with Paragraphs 2 (3) and 2 (7) of Schedule 1 of the VAT Consolidation Act 2010.

The European Court of Justice (ECJ), which interprets the VAT Directive, decided in a number of cases that certain services provided by professional medical personnel which do not have the purpose of protecting, including maintaining or restoring a patients health, or diagnosing, treating or curing, illnesses, ...

Universal Social Charge Regulations 2011 (S.I. 658 of 2011)

The Revenue Commissioners, in exercise of the powers conferred on them by section 531AAB (inserted by section 3 of the Finance Act 2011 (No. 06 of 2011)) of the Taxes Consolidation Act 1997 (No. 39 of 1997), have made Regulations (PDF, 113KB), entitled as above on 16 December 2011.

Copies of the Regulations will be available from the Government Publications Sales Office, Sun Alliance House, ...