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PA Holdings withdraws Supreme Court appeal on dividend treatment

Monday, April 22, 2013

We understand that PA Holdings has withdrawn its case on a “dividends versus bonus earnings” treatment of employee remuneration which was to have been heard by the Supreme Court. PA Holdings Limited had been granted the right to appeal to the Supreme Court in May 2012. By way of background, the Cou.....


Managing Serious Defaulters

Monday, April 22, 2013

Continuing with their drive to affect a permanent change in the tax behaviour of deliberate defaulters, from 1 April 2013 the Managing Deliberate Defaulters (MDD) programme became the Managing Serious Defaulters (MSD) programme. From that date the MSD was also widened and now includes anyone: charg.....


Response to Review of R&D Tax Credit Regime

Monday, April 22, 2013

Chartered Accountants Ireland as a member of CCAB-I has responded to the Department of Finance invitation for submissions on the R&D Tax Credit.  In the response we note that that CCAB-I has made a number of previous submissions to the Department on suggested improvements to the R&D ta.....


Self-Assessment – Tax Payment Dates

Monday, April 22, 2013

Chartered Accountants Ireland has received confirmation from the Department of Finance that the Income Tax payment date for the self-employed will not be brought forward in 2015.  The Institute had insisted that there must be no further bringing forward of the payment dates for taxes.  It.....


EC releases legislative proposal on non-financial reporting

Friday, April 19, 2013

The European Commission has recently adopted a proposal for a directive enhancing the transparency of certain large companies on social and environmental matters. This Directive would be an addition to the Accounting Directives (Fourth and Seventh Accounting Directives on Annual and Consolidated Ac.....


Commissioner Šemeta Announces Progress on Savings Directive Amendments

Friday, April 19, 2013

Speaking after attending an informal Eofin meeting in Dublin Castle last Saturday 13 April, Commissioner Šemeta said that Member State are looking for quick progress and agreement on the EU Savings Directive.  The next Ecofin Council, scheduled for 14 May, could see agreement on the updated Di.....


New Property Sales Disclosure Campaign

Friday, April 19, 2013

HMRC have recently launched what they refer to as ‘The Property Sales campaign’. This is a new disclosure opportunity which will enable anyone who has sold a residential property and not paid the right amount of tax on any profit made to take advantage of better terms by making a disclosure to HMRC.....


Self Assessment – Tax Payment Dates

Friday, April 19, 2013

Chartered Accountants Ireland has received confirmation from the Department of Finance that the Income Tax payment date for the self-employed will not be brought forward in 2015.  The Institute had insisted that there must be no further bringing forward of the payment dates for taxes.  It.....


IIRC Consultation Draft of International Framework issued

Friday, April 19, 2013

The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that corporate reporting needs to evolve to provide a concise comm.....


IPSASB Publishes Public Sector Conceptual Framework Exposure Draft

Friday, April 19, 2013

The International Public Sector Accounting Standards Board (IPSASB) has released for comment the fourth Exposure Draft (ED) related to its project to develop a Conceptual Framework for the general purpose financial reporting of public sector entities.  To read the full press release and access.....


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