New measures announced in Finance Bill 2016
Sportspersons’ Relief
Section 6 of the Bill extends the scope of Sportspersons’ Relief (Section 480A) to ensure that contributions to Personal Retirement Savings Accounts (“PRSAs”) can also qualify for the relief.
Personal Retirement […]
ROS Helpdesks extended opening hours announced
Revenue has announced the extended opening hours for the ROS Payment and ROS Technical Support Helpdesks for Pay and File 2016. Extended opening hours apply from 24 October. The Helpdesks will be open until 8pm most evenings and open until […]
Revenue’s FAQs on the USC have recently been updated to reflect that employer contributions to an employee’s Personal Retirement Savings Account (PRSA) are not liable to the USC from 1 January 2016.
Get details here
Finance Act 2014 introduced a restriction on claims for trading loss relief by individuals carrying on a trade in a “non-active capacity”(S381B).
A related restriction on loss relief in the case of “tax avoidance” was also introduced (S381C). Revenue has issued a new Manual on income […]
