A director has provided his tax certificate for medical insurance showing a gross subscription cost of €7,650 for the year. The monthly debit to the company is €351 pm so will total €4,212 for the year. What is the amount that should be entered as the bik for the director? Any help appreciated.
I asked them the same Brendan and got the same response about affordability etc, again missing the point. Do you actually need to inform them that you are resigning ?
To be honest, I hadn't given much thought to this before reading through some of the comments and information provided in the various posts. I think it is scandalous when you look at the costs it is taking to run the CAI. My own situation is that I am looking at retirement probably next year and...
We are a small company where mileage is paid to 2/3 employees. Up to now we have been paying a flat rate of 47 cent per km. However, with the new ERR now in operation, we want to tighten up on this area and want to make sure we are complying with taxation rules. The Revenue guidelines say any...
Hi, just checking what is the position if an employee receives a refund in respect of a Dublin Bus taxsaver ticket, is that to be treated as taxable income ?
Just wondering, as tax relief would have been obtained on the cost of the ticket.
We have a special needs son and looking at setting up a will and also a trust to look after his needs when we are gone. Just wondering if anyone would have done something like this and have any idea of what would be the likely costs?
We are only really starting out ourselves with this. The Spanish tax rate on rental income is 24% based on the full rental income but only get a deduction in relation to variable expenses (utilities etc) based on the actual days rented.
VAT (Igic) of 6.5% is deemed to be included in your rental...
Just to double check, the property was only purchased in August/September last year and was available for rent from 01 October to the end of the year. We are correct to claim 100% of our expenses during that period ?
We are renting out a property in Lanzarote. For certain expenses (variable costs) we are only allowed a deduction in respect of the period of time the property is actually rented out for. When reporting on my Form 11 here, is it the same basis for calculating allowable expenses ?
Got a letter yesterday advising of this upcoming switch from Visa.
Not too familiar with Mastercard and wonder if I should move companies and continue with Visa.
Any thoughts welcome.
One of our directors (not a shareholder) is an Irish national but resides in S. Africa.
He receives no salary or other income from the company but it is being discussed that he should receive directors fees.
If this happens, what would the level of deductions be in respect of Paye/Prsi, USC etc ?
We have a company with 3 equal shareholders, one of which is non resident. The company is considering in paying a dividend to this shareholder only. Can this be done or do all shareholders need to receive the same ?
My understanding if you receive a dividend from an Irish company is that it is taxable at your marginal rate and it is subject to PRSI and USC.
Is that correct ?
Someone mentioned these German based funds to me as being a good fund option for having their pension invested in. I am not familiar with them and wonder if anybody has come across them or has any views ? As far as I am aware they are operated through Friends First.
We bought an apartment in Portugal in 2013 not specifically as an investment but because we loved the area and had stayed in the complex on numerous occasions and had decided that if the opportunity ever arose to buy, we would. We rent it out to the complex for a set annual rent amount based on...