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.
The main change under Companies Act 2014 is that companies have to hold an EGM within 3 months before date of application for strike off resolving that they will apply for Voluntary Strike Off (a board minute would suffice under Companies Acts 1963 to 2013).
Lifetime Community Rating (LCR) was introduced from 1 May 2015. From this date, anyone who takes out private health insurance at age 35 or over will pay a loading. It has been reported that 75,000 to 100,000 people signed up to new health insurance policies prior to 1 May 2015. Many of these individuals will be asking – what tax relief will I get on my health insurance?