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    Unprompted Disclosure

    You are selected for 2011 & 2012, they can't go back to 2010 unless they issue a further letter to extend the audit years to 2010, and they would only do that if they have an issue with something in 2011 / 2012. In my view, if you were to disclose something in 2010 at the commencement of the...
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    UK VAT on expenses of an Irish Company

    Yes you can claim it through Irish Revenue. In ROS, file an EVR return.
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    Contractor and travel expenses

    No. The pharmaceutical company office will be deemed your place of work when you work there and your home office when you work there. Have you seen the Revenue correspondence on this?
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    Civil Service Mileage Rates - Van

    Vans are fine and Directors are regarded as employees so all fine there.
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    Purchasing a residential property through a profitable Limited Company

    You could consider setting up a group structure and buy it in another subsidiary. You can move funds through a 90% group structure (conditions apply) without any tax problems. Any excess funds can be funnelled back up to the parent company for reinvestment while leaving just the property in...
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    Purchasing a residential property through a profitable Limited Company

    It only makes sense having property in a company when you are borrowing to finance it. Otherwise, apart from the CT and income tax problems noted above, you will be taxed very highly when selling it - CGT on selling the property and CGT on liquidating the company / income tax to take the funds...
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    Cancelling VAT registration - Any implications?

    The Form 11 and losses - this continues as per normal. The VAT issue is completely separate and I would also suggest you contact a tax practitioner on this before doing anything.
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    Rental Property Company Interest Deduction

    Yes, same rules apply. Taxed at 25% and watch out for close company surcharges aswell.
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    How does tax work in a partnership?

    It's not a partnership expense. For the partners profit split, it appears to be £50 for a day worked plus the agreed %. That's the way I would work it anyway.
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    Is redundancy due...

    Redundancy is due but you can pay it by instalment if you get the agreement of the department. EG If €50 is all you can demonstrate you can pay a month, they will accept that.
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    Small Company Audit Exemption

    I had a case 2 years ago where the document was filed on CORE on time by another accountant but was not submitted signed on time. I had to present in person and they accepted it. No loss of exemption. I don't know what was in the note as that was sealed but it couldn't have been anything too...
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    Sole Trader Questions

    Revenue will definitely have a problem with your 'sole trader' status. If Revenue deem you an employee, they have the right to assess the company, you or both for any taxes they deem should have been paid. Expense deductions are on a receipted basis for petrol etc. You should do an analysis of...
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    Form 11 closing capital balance

    €10,464 but Long term liabilities are not included in current liabilities.
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    usc on uk earnings

    Lets be clear on this, you only pay National Insurance / PRSI in one country (if done correctly), you may pay Income taxes (incl. USC) in both but you get a deduction in Ireland for those paid in a country with which Ireland has a Double Taxation Agreement (DTA). The net effect is that you...
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    Overnight subsistance allowance?

    You claim subsistence or vouched. Once you go down one route that's it, you can't chop and change to suit yourself. The agreed method should be clearly stated in your employment contract. If you decide to stay in a tent, that's your own business!! You get the agreed rate once you demonstrate...
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    Does Irish PAYE apply

    @Joe90 I was specifically responding to the PAYE exclusion order query. @Dublin 66 is absolutely correct in what he is saying. I got an exclusion order last year and it was dated the application date (I did fax it, maybe that made a difference). If the company is paying the foreign employee...
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    Does Irish PAYE apply

    Yes, you can get a PAYE exclusion order for persons with no PPS number. Revenue will date the exclusion order the date of application and will not backdate it. PAYE exclusion only applies from this date forward. A PAYE exclusion also applies to USC. PRSI - separate application must be made...
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    Voluntary removal as director/shareholder and change of shares

    Just to add, you will need to file a B10 to remove the directorship.
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    Voluntary removal as director/shareholder and change of shares

    You need to cancel or transfer the shares with a board meeting and minute it. You need a stock transfer form if transferring it. I don't think you will need to Estamp it for Revenue purpose but you should check this out. You then need to physically cancel the share and update the company...
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