Local Property Tax (LPT) is a tax payable on the market value of residential properties in Ireland. LPT is introduced from 1st July 2013 and will be collected by the Revenue Commissioners. A half-year (July – December 2013) of LPT is payable in 2013 with a full year payable from 2014.
IE | Tax Back | How to Claim Health Expenses Relief
Claim your tax back on health expenses. You will find out what are qualifying health and dental expenses, how to claim, how to keep receipts and find useful tips in this article.
IE | PPS Number
What does it mean and what is the PPS number for? Where to register for PPS number and more information you will find out in this article.
IE | Tax Returns – Filing Frequency
There are reduced frequency for filing tax returns and paying tax for smaller businesses.
You can pay and file VAT returns twice a year or three times a year instead of normal six times a year if your VAT payments are withing treshold.
You can pay and file P30 returns four times a year instead of twelve times a year if your PAYE/PRSI payments are less than €28,800.
You can pay and file RCT returns four times a year instead of twelve times a year if your RCT payments are less than €28,800.
UK | Corporation Tax Rate to Fall
The corporation tax rate will be reduced to 23% in April 2013.
The rate will be reduced to 21% for the financial year commencing 1st April 2014 and 20% for the financial year commencing 1st April 2015.
A simpler income tax scheme will be introduced for small unincorporated businesses from April 2013. Businesses with receipts of up to £77,000 will be able to calculate their profits on a cash basis. They will be able to also use flat rates to calculate certain business expenses.