Posts categorised Tax

New eTax Clearance System with Revenue

Revenue are not issuing paper tax clearance certificates as they are now in electronic format. This cert confirms that tax affairs are in order at the date of issue.

Are you claiming all the tax credits and reliefs that you are entitled to?!

OSK tax advisers list the tax credits and tax reliefs that are available. Contact OSK tax advisers to find out how you can claim back your valuable tax refunds.

Earned Income Tax Credit

The new Earned Income Tax Credit of €1,650 will be available to self-employed individuals. Contact OSK for all your tax and accounting services.

P35 2015 Deadlines and Information

The P35 2015 Deadline is the 15th February 2016 or the extended date for ROS customers who pay and file is the 23rd February 2016. Contact OSK accountants Dublin for more.

What changes to expect to see in your salary in 2016?

Everyone should see an increase in their net pay from January 2016 due to the changes to the Universal Social Charge (USC). Contact your OSK tax adviser for more.

Increase in limit for tax free non cash benefits!

The limit for tax free non cash benefits paid by employers has increased from €250 to €500 effective date Finance Bill 2015. Contact OSK Tax Advisors Dublin fore more.

Have you considered paying 2016 Preliminary Income Tax by Direct Debit?

Payment of Preliminary Income Tax by Direct Debit enables you to spread the payment over the calendar year instead of making one payment by October 31st.

Budget 2016

OSK will publish summary of Budget 2016 including a downloadable Budget 2016 PDF and Budget 2016 summary video.

No Corporation Tax liable under Mutual Trading

When a non-profit organisation directs surplus funds back into the organisation there may be no tax liability under Mutual Trading.

Extension of filing date for iXBRL Financial Statements

Revenue has extended their filing requirement of iXBRL Financial statements by an extra 21 days after the return filing deadline.

Capital Gains Tax (CGT) Deadline 2015

31st Oct 2015 is the Capital Gains Tax (GCT) deadline for filing details of any gains or losses arising on the disposal of assets from 1 Jan 2014 and 31 Dec 14

Changes to Subsistence Rates from 1 July 2015

The rates of subsistence allowances and standard distance requirements have recently been revised by Revenue. Both the rates and the minimum distance between the temporary workplace and the normal place of work or home have been increased.

New Electronic Tax Clearance Certificate from 1st January 2016

As announced in the Finance Act 2014, a new electronic Tax Clearance (eTC) will be introduced from the 1st of January 2016. This means that Tax Clearance Certificates issuing since the 1st of April 2015 have an expiry date of the 31st of December 2015.