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This week’s tax tidbits
Tax developments of interest this week are outlined. Ireland Tax receipts have grown by 7.3 per cent in January when compared to the same period last year.  Nearly €4.5 billion in tax was collected in the month of January. Just under €2.1 billion was collected in VAT in January, an increase of €130 million (6.6 per cent), when compared to the corresponding...

FRC Consults on Revised Guidance for Irish Credit Union Audits
The Financial Reporting Council has issued for consultation revised guidance for auditors of Credit Unions in the Republic of Ireland. The revised Practice Note, developed in conjunction with Chartered Accountants Ireland, provides updated guidance on the legal and regulatory context applicable to Credit Unions in Ireland, as well as updated contextual material, derived from Auditing Standards (UK and Ireland) to...

EFRAG Comment Letter on Foreign Currency Transactions
EFRAG has issued its Comment Letter and Feedback Statement on the IASB's Draft Interpretation Foreign Currency Transactions and Advance Consideration. The purpose of the Draft Interpretation is to propose the exchange rate to use when reporting transactions with a prepayment asset or a deferred income liability that are denominated in a foreign currency in accordance with IAS 21 The Effects of...

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Family Business book coverRecommended Reading
Family Business - A Survival Guide
By Kieran McCarthy

Family businesses can be found in every sector of the economy, in all shapes and sizes. Regardless of size, however, running a successful family business brings unique challenges which can affect its chances of survival and the transition to the next generation.

Chartered Accountants House

Chartered Accountatns HouseChartered Accountants House, home of Chartered Accountants Ireland, is Dublin's newest and best equipped conferencing centre for business. Our facilities are now open and we invite you to visit.

 

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