Service companies and the close company surcharge

May 18, 2020

Revenue Tax and Duty Manual Part 13-02-06, which deals with the close company surcharge for service companies under section 441 Taxes Consolidation Act 1997, has been updated to include guidance for companies that provide the services of a medical practitioner.  Other updates include statements that 1. the guidance of a professional body will be an important factor in establishing if a company is a service company, and 2. preliminary or preparatory work can be considered as being an integral element of a professional service.