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Neehallow, You just read my mind! We are starting off with our self-build and are looking the different heating systems available. Really don't want radiators but not gone on UFH either. Really don't think its suitable for our climate where we need a quick response and also if something...

Hi Joanne, First off, best of luck with your venture. I would suggest ringing the registration section of the local Revenue office and asking what the issue is and answering any questions they may have. Also, you should probably go and find an accountant to give you advice in the future...

Sorry, misunderstood and thought you were looking for comments on the tax aspect in general. If the shares had been purchased at less than market value, you effectively would have received a gift from the other shareholder which would give rise to Capital Acquisition Tax issues. Not relevant...

You can claim a deduction for any capital costs incurred on the property. This would include the acqusition costs, legal fees on acquisition and sale, stamp duty and any others costs which enhanced the value of the property for example, if you put on an extension to the property. The cost of...

Just to add that director's fees are taxable under the PAYE system. The obligation falls to the company to collect the tax and PRSI (including employers PRSI)

Hi, From a tax perspective you should consider whether any stamp duty arises on the purchase of the shares. SD of 1% will apply to the market value of the shares unless the value of the shares is less than €1,000. Did you buy the shares at market value? If not there may also be CAT...

Hi, Just something that you should note is that a non tax resident individual is liable to income tax in Ireland on Irish source income (for example rent from an Irish property) AND Irish employment income where the duties are carried out in Ireland. From what you have said I am assuming...

Re: Can anyone clarify how the Income Levy is dealt with in the case of invest proper The income levy would be payable on the net rental income before any capital allowances or losses carried forward. By this I mean the gross rent received less any allowable expenses (repairs, mortgage...

Thanks for all the replies everyone. The usual black dress will be coming back out of the wardrobe. Think the can of Dutch Gold may be a step too far though... (especially at the champagne reception!!!). Might avoid the runners too!!

Hi all, Going to a summer ball soon and the dress code is semi-formal. I was hoping that someone could please tell me what is the appropriate dress for both men and women for such an event? For men - Black tie (tux) or suit? For women - Cocktail dress or floor length dress? I know it is...

I agree Gervan it doesn't make sense. The only thing I could figure was that they got some foreign consultancy services or something and then never cancelled the registration? It would be hyper unusual for a school to be VAT registered.

Okay so let me get this straight they have a VAT number but are not entitled to deduction of VAT? On that basis they quote the Irish VAT number to the UK supplier and no UK VAT arises. However, they must then self-account for the Irish VAT arising (as the place of supply is deemed to be...

I thought the clawback period was 2 years for stamp duty? OP will have occupied for 2 years so there won't be a clawback? Would be a good idea to appoint an agent here in Ireland for the rent payments. Would save the tenant having to go through all the 20% withholding and reclaim by you from...

That's exactly the point ccraig. The cost to the school includes the VAT. If they were buying from Poland/China, wherever the same point applies. Poland would work on the same basis as the UK. China would have the added extra of import duty on top of the VAT payale at point of import...

Not to dwell on the point as it is irrelevant to the OP question but what was likely the situation with the company you worked for was they were providing VAT exempt services (as export) however would have been entitled to claim a deduction for Irish VAT incurred as this would be a qualifying...

VAT is a very specialised area and I would not say that this is gospel but I'm nearly sure that they are VAT exempt (i.e. by providing educational services) and that is why they cannot register for VAT. They will have to pay UK VAT unless the UK company decides incorrectly not to charge it...

VAT exemption purely means that the services they provide are not liable to VAT. It does not mean that they are exempt from purchase VAT. Basically they cannot recover any VAT incurred as they are providing VAT exempt supplies.

Expenses that are within the civil service rates should be acceptable. The company should be able to stand over all amounts paid and the amounts paid should not be any more than would be reasonably expected so that the NE director is not out of pocket. It is very important that adequate...

As a VAT exempt body they would will have to pay UK VAT. The UK supplier can only 0% rate the supply where they Irish body provides an Irish VAT number. Therefore, they will have to pay the UK VAT on the supply.

I don't really see how anyone can think accountants get paid highly. Starting salaries vary from 15-24k or so with minimal increases until they get their finals. Accountants spend a minimum of 6 and a half years training and would be getting somewhere between 35-50k as qualified seniors...