Local Property Tax so far this year
With 96% levels of compliance claimed in 2015, LPT receipts for the first half of the year are €305 million; included in this is €6 million in Household Charge. Fingal Local Authority has the highest compliance to date at 99.6% with €21.8 million collected in LPT. These figures are bolstered by collection enforcement activity.
According to the LPT statistics published by...
What you need to know about part time farming
Revenue has published new FAQs dealing with the changes to Capital Acquisitions Tax (CAT) Agricultural Relief by Finance Act 2014.
The FAQS cover many of the queries raised on the changes, these include:
What constitutes 50% normal working time
If the individual has off farm working employment do they satisfy the normal working time test
Records Revenue are likely to seek in the case...
Online Tax Clearance Certs
From January 1 2016 all applications for tax clearance will be through the new electronic Tax Clearance facility (eTC). A sensible transitional period to 31 March 2016 will apply for tax clearances issued in the third quarter of this year, per Revenue eBrief 69/15
We reported previously that all tax clearance certificates issued since 1 April 2015 have an expiry date...