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Yes, but it still doesn't get away from the fact that it's illogical and totally arbitrary. They are both self-employed yet one can claim subsistence but the other can't.

Thanks for your reply. Motor Expenses: I can understand clamping down on John/Pat if they are basically "disguised employees" with one client and travelling to and from that client every day. However, if they are visiting many clients it seems very harsh. The self-employed always seem to be...

John is a DIY man. He is based in Raheny, has many clients and operates as a limited company. All his clients are based in Dublin/Meath/Kildare. Can he claim mileage and subsistence using civil service rates when visiting clients in Tallaght, Bettystown, Maynooth etc? Pat is also a DIY man. The...

A VAT-registered sole trader sells his van. The van is old and he bought it before he was self-employed. Therefore, he never claimed VAT when he purchased the vehicle. Does he have to charge VAT when he sells the van?

A customer intends to enforce a breach of contract clause against a small company. The company has reserves of €100,000. Can the company pay the two directors a bonus salary of €50,000 each in the meantime leaving no reserves, wind-up the company and leave the customer high and dry?

I understand how the 12.5% corporation tax rate is attractive to multinationals. However, is it really so useful to small owner-managed private companies? If a company makes a profit of €20,000 after director's (100% shareholder) salary €75,000 and maximum pension contribution, the profit will...

An employee is paid weekly in arrears e.g. work performed w/e Friday 28 November is paid 5 December. Should payroll taxes be included in a November or a December P30 i.e. according to the period worked or according to the actual payment date?

"A rent tax credit is not available to a person who was not renting on 7 December 2010 and who subsequently enters into a rental agreement." What happens if a person was renting before 7 December 2010 and moves to a new rental property in 2012. Is he still eligible for the rent tax credit or...

A VAT-registered sole trader (plumber) based in Dundalk performs work on a business property in Newry. Does he have to register for UK VAT or can he just charge zero VAT on the reverse charge basis?

Sole trader prepares accounts to year ended 30 June 2013. Does the 46G form cover the same period or must it cover the calender year instead?

Thanks for the replies. If Revenue were to apply all the above criteria then sole traders would never be able to reclaim VAT on diesel since the till receipts from service stations don't show the customer's name.

Company A purchases items from a small hardware retailer. The invoice includes the normal details plus the total price and the VAT number of the retailer. Is this a valid VAT invoice or does the amount of VAT have to be shown separately?

As far as I'm aware, tips received from customers are taxable. Does anyone really think that many waiters, taxi drivers etc declare them?

Small company traded for 2 years before ceasing. Overall it had been in receipt of VAT refunds. Annual turnover never reached the VAT threshold level. Does the company have to repay the VAT refunds previously claimed?

Thanks. Could the company de-register for VAT first and then transfer the stock? Turnover never exceeded the €75,000 threshold for sale of goods.

Director wishes to wind up small company of which he is 100% shareholder. The company has no liabilities apart from €20,000 owed to the director. The only asset is unsold stock of €15,000. Last accounts prepared to December 2012. What is the simplest way of winding up the company? Can the...

Company incorporated in January. Director A (sole shareholder) has received no salary yet but will be paid by company for 6 months work at the end of June. Salary will depend on how much money is available in the company bank account. Can he legitimately claim for 26 weeks PRSI stamps or should...

An engineering company buys and sells a motor vehicle at a loss in the same financial year. How should it be recorded in the accounts? Is it a simple case of loss on sale of motor vehicle? Are there any depreciation/capital allowance/balancing allowance issues?

Yes. It means sales excluding VAT.

Ltd Co providing services has just completed its first year of trading with a turnover of €65k. It hasn't registered for VAT but has just applied to Revenue for VAT registration. Does the company have to backdate sales VAT since it is over the €37,500 limit? What about reclaiming purchases...