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Provide tax break for average earners while protecting tax base – Accountancy profession makes its pre-Budget submission to Minister Noonan
Wednesday, 30th July 2014. In its pre-Budget submission published today, CCAB-I calls for reforms in the tax system on behalf of the accountancy profession to better suit a recovering economy.  Proposed reforms include a targeted tax relief for workers on average wages.   “The 41% rate of tax applies to earnings over €32,800, which is just above the average wage” according to Brian...

FRC publishes Lab Report on Accounting Policies and Integration of Related Financial Information
The Financial Reporting Council’s (FRC) Financial Reporting Lab has recently published a report on ‘Accounting policies and integration of related financial information’, which provides valuable insight for companies on what investors want from accounting policy disclosures and where they should appear in financial statements. 16 companies, 19 institutional investors and analyst organisations, and over 200 retail shareholders took part...

Publication of Irish Collective Asset-Management Vehicle Bill 2014
Minister of State at the Department of Finance, Simon Harris TD, has recently published the Irish Collective Asset-Management Vehicle Bill 2014. The purpose of the proposed ICAV structure is to minimise the administrative complexity and cost of establishing and maintaining collective investment schemes in Ireland and is an important part of the Government’s strategy for the continued development of the international...

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