David Robinson & Co

David Robinson & Co "Ensuring you receive the best accountancy and taxation service possible , on a timely basis and at a reasonable cost

04/08/2015

DAVID ROBINSON & CO

We provide a PROFESSIONAL SERVICE
We have over 20 YEARS EXPERIENCE in preparing accounts and tax returns for businesses of all sizes
We are RESPONSIVE to your needs and are QUALIFIED accountants and REGISTERED TAX AGENTS
We speak in PLAIN ENGLISH
We are PROACTIVE
For your convenience we offer SATURDAY APPOINTMENTS, AFTER HOUR and HOME VISITS
We provide VALUE for money
We guarantee that you will get a great service.
Contact us on 057 86 72940

04/08/2015

RETURN AND PAYMENT DATES FOR AUGUST 2015

14 AUG PAYE/PRSI/USC/LPT: P30 monthly return and payment for July 2015
14 AUG DWT: Return and payment of DWT for July 2015
14 AUG PSWT: F30 monthly return and payment for July 2015
19 AUG VAT: Monthly VAT 3 return and payment (if due) for the period July together with a Return of Trading Details where the accounting period ends in July
19 AUG VAT: Annual VAT 3 return and payment (if due) for the period August - July together with a Return of Trading Details where the accounting period ends in July
1-21 AUG Corporation Tax: PT for APs ending between 1-30 September 2015
1-21 AUG Corporation Tax: Returns for APs ending between 1-30 November 2014
1-21 AUG Corporation Tax: Pay balance due on APs ending between 1-30 November 2014
23 AUG RCT: RCT monthly return and payment (if due) for July 2015
1-31 AUG Corporation Tax: Returns of Third Party Information for APs ending between 1-30 November 2014

31/07/2015

REMINDER TO INCOME TAX FILERS ABOUT THEIR SELF-ASSESSMENT FOR THE YEAR ENDED 31 DECEMBER 2014

Income Tax filers are required to file their 2014 Tax Return and pay their liabilities on or before 31 October 2015. Under the self-assessment obligations contained in the Taxes Consolidation Act 1997 (as amended), it is the customer’s responsibility to calculate their own tax liabilities and complete the self-assessment section of the Form 11 Tax Return.

Where a customer files their Form 11 on or before 31 August 2015, Revenue will calculate the tax, PRSI and Universal Social Charge (USC) liabilities on their behalf. This greatly simplifies the process for customers and will assist them in meeting their obligations to file a self-assessment, and in ensuring they pay the correct amount due by 31 October. Earlier filing of a tax return does not mean that a customer has to pay their liability any earlier; the final payment date remains at 31 October.

If a customer files their Form 11 after 31 August 2015 they must make their own self-assessment and calculate the tax, PRSI and USC due by 31 October 2015.

Revenue is currently sending reminder letters to customers who were sent paper Form 11 returns earlier this year. The letters are intended to assist customers in meeting their obligation to file a self-assessment by reminding them that Revenue will calculate the liabilities due if they file their Form 11 on or before 31 August 2015.

It is important to remember that a late filing surcharge will be added to the tax, PRSI and USC liabilities if a Form 11 return is filed after 31 October 2015. However, if the Form 11 is filed and the liabilities paid using the Revenue Online Service (ROS), an extended filing and payment date of 12 November 2015 applies.

14/07/2015

Reimbursement of Subsistence Expenses to Employees (including Directors)

While the reimbursement to an office holder or employee of expenses of travel and subsistence is a matter for the relevant body or employer, the tax treatment of such reimbursements is a separate matter. Guidance relating to the tax treatment of reimbursements is published on the Revenue website.

Following an agreed recommendation made by the General Council under the scheme of conciliation and arbitration for the Civil Service (General Council Report 1531 refers), changes will be made to the Civil Service distance requirements and rates with effect from 1 July 2015.

The distance requirements provide that:

1. an overnight allowance which covers a period of up to 24 hours from the time of departure, as well as any further period not exceeding 5 hours, will only be payable free of tax in respect of an absence which is necessarily spent overnight at least 100km away from the employee’s home and normal place of work and

2. a day allowance, which applies to a continuous absence of 5 hours or more, will only be payable free of tax where the absence is not at a place within 8 km (as opposed to 5 km) of the employee’s home or normal place of work.

14/07/2015

Tax Clearance Certificate expiry dates and eTax Clearance

In line with changes introduced in the Finance Act 2014, electronic Tax Clearance (eTC) is due to be introduced from the 1st of January 2016. Tax Clearance Certificates issuing since the 1st of April 2015 have an expiry date of the 31st of December 2015.

From the 1st of January 2016 all applications for tax clearance will be made through the new online eTax Clearance system. The up-to-date tax clearance status of customers will be available to be checked by Public Service Bodies, taxpayers and their agents online on an ongoing basis as required.

Applicants will apply for Tax Clearance in the new eTC system and will be given a Tax Clearance Access Number which they will give to the Public Service Body who requires it to verify their tax clearance status.

The Public Service Body will use the PPSN/Tax reference and the Tax Clearance Access Number to verify the Tax Clearance status of the applicant via Revenue's On-Line Service (ROS).

29/04/2015

ROS - Extension of Pay & File Deadline for ROS Customers for 2015

Today, 28 April 2015, Revenue announced an extension to the ROS return filing and tax payment date for certain self-assessment income tax customers and for customers liable to Capital Acquisitions Tax (CAT).

For customers who file the 2014 Form 11 return and make the appropriate payment through ROS for:
Preliminary Tax for 2015,
Income Tax balance due for 2014,

the due date is extended to Thursday, 12th November 2015.

For beneficiaries who received gifts or inheritances with valuation dates in the year ended 31st August 2015 who make a CAT return and the appropriate payment through ROS, the due date is also extended to Thursday, 12th November 2015.

To qualify for the extension, customers must both pay and file through ROS. Where only one of these actions is completed through ROS, the extension does not apply and the required date to submit both returns and payments is no later than 31st October 2015.

27/04/2015

CHANGE TO MEDICAL INSURANCE RELIEF FOR POLICIES RENEWED, OR ENTERED INTO, ON OR AFTER 1 MAY 2015

In March 2015, the Minister for Finance announced his intention to amend tax relief for medical insurance premiums for young adults from 1 May 2015 on foot of changes introduced under the Health Insurance (Amendment) Act 2014. Revenue has agreed to operate the changes on an administrative basis pending the provision of the underpinning legislation as part of the next Finance Bill.
For policies renewed, or entered into, on or after 1 May 2015, the full adult maximum tax relief amount of €1,000, or the relevant premium where this is lower, applies for all individuals aged 21 and over, even if they are availing of a reduced premium rate below the full adult price. Tax relief on the amount eligible for relief continues to be granted at 20%.

27/04/2015

TAXATION OF CERTAIN SHORT-TERM LEASES OF PLANT AND MACHINERY
Section 80A of the Taxes Consolidation Act 1997 deals with the taxation of short-term lease of plant and machinery. This section provides that a lessor may elect to have wear and tear allowances in respect such assets with a life expectancy of less than 8 years computed on the basis of the accounting depreciation of the assets.

For accounting periods ending on or prior to 31 December 2014 the amount of the wear and tear allowances that could be claimed, in respect of an operating lease in an accounting period was limited by reference to a "Threshold Amount". A "Threshold Amount" is the aggregate of such allowances claimed by the company in the period immediately preceding the period for which it first claims the relief.

Section 36 of the Finance Act 2014, removes this limitation in respect of accounting periods ending on or after the 1st January 2015.

27/04/2015

TAKING CARE OF BUSINESS EVENT - SOUTH EAST REGION
Revenue is participating in another free one-stop-shop event for SMEs, 'Taking Care of Business'. The event will take place in the Tower Hotel, Waterford on Thursday, 30th April 2015 where information about tax reliefs and incentives for small, medium and start-up businesses will be available.
These half-day events are for those who own or manage a small business or are thinking of starting a new business.
A range of State offices and agencies will give short presentations and answer questions about key regulations and assistance available to your business. Information stands will be open throughout, allowing you to speak informally with staff from each of the bodies attending.
The events are an initiative of the Department of Jobs, Enterprise and Innovation. To find out more and to register, please visit www.takingcareofbusiness.ie . Attendance is free but early booking is strongly advised as numbers are limited.

27/04/2015

DIRT FIRST-TIME BUYERS RELIEF
A first-time buyer of a house or apartment who purchases or self-builds a property between 14 October 2014 and 31 December 2017 may be entitled to claim a refund of DIRT.
The first-time buyer must not have either individually or jointly with any other person, previously purchased or built a house or apartment.
The property must have been purchased or built as the first-time buyer’s home. It does not include properties acquired for investment purposes.
HOW TO MAKE A CLAIM
To make a claim, the property must be registered for Local Property Tax (LPT). Once registered, you log in to the LPT system and enter your PPS number/Tax Reference Number, Property ID and Secure LPT PIN.

Once in the LPT system, you click the Claim DIRT F.T.B. Refund button. This will display a claim form and you enter the required information and submit your claim.

The following information is needed to make a claim:
Amount of DIRT to be refunded,
Purchase price or completion value for a self-build,
Purchase date/completion date,
Email address,
Bank Account details to which the refund is to be paid (if we have your details already on our records these will be displayed but you can amend them if necessary),
Evidence of DIRT deducted (i.e. bank statements).

01/06/2014

SINGLE PERSON CHILD CARER CREDIT
Section 7 of Finance (No 2) Act 2013 inserted a new section, section 462B, into the Taxes Consolidation Act 1997. The new section provides for the Single Person Child Carer Credit (SPCCC) which was introduced to replace the One-Parent Family Credit (OPFC) with effect from 1 January 2014. The OPFC was ceased with effect from 31 December 2013.

The SPCCC is given where a person has a "qualifying child" resident with him or her for the whole or greater part of the year of assessment and the other conditions of the relief are also satisfied. The credit is granted in the first instance to the primary claimant who may, if he or she so wishes, relinquish it for the year of assessment to a secondary claimant.

Claim forms for primary (PDF, 286KB) and secondary (PDF, 332KB) claimants are available from the Revenue website at www.revenue.ie

09/03/2014

TAX RELIEF FOR TUITION FEES IN RESPECT OF THIRD LEVEL EDUCATION
An individual can claim tax relief on fees paid for Third Level courses in respect of any person as long as he or she has paid the qualifying fees. Qualifying fees means tuition fees (including the Student Contribution, post 2011), but not examination fees, registration fees or administration fees, in respect of an approved course at an approved college.
Tax relief is available at the standard rate of income tax (20%) for qualifying tuition fees.
The maximum limit on such qualifying fees for the academic year 2013/2014 is €7,000, per individual per course.

Address

IBS House, Dublin Road
Port Laoise

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+353 87 6755504

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