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.

Read more …

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.

IE | Ireland Finance Budget 2013

You will find here the most important changes in Irish Budget 2013 which will effect majority of population in Ireland.

Changes in Income Tax, PRSI, Household Charge, Motor Tax, Alcohol Products Tax, Tobacco Products Tax, VRT, Capital Gains Tax, Carbon Tax, Corporation Tax.