Time to Talk Tax Diversification Ireland has built a world-class hub for Foreign Direct Investment (FDI), attracting global giants like Apple, Pfizer, Google, Amazon, Microsoft, LinkedIn (owned by Microsoft), Intel, HP (Hewlett-Packard) and Meta in sectors like ICT, social media, pharmaceuticals, and finance. Ireland’s economy is strong yet vulnerable; we lack a balanced tax base…
Understanding Revenue Interventions: What You Need to Know If you’ve received a letter notifying you of a Revenue Intervention, it’s important to take immediate action. Revenue interventions are a part of the tax compliance process, and how you respond can impact the outcome. Since May 1, 2022, there are now three levels of Revenue…
What is gift and inheritance tax? Inheritance Tax is a form of tax paid by the person who inherits an estate after the owner’s death. Gift tax arises where a person receives a gift with a monetary value above certain tax free thresholds. Capital Acquisitions Tax (CAT) is a term used to refer…
VAT legislation recognises two types of agents; disclosed and undisclosed. The agent acts on behalf of another, referred to as the Principal. The Principal authorises the agent to act on his behalf and under his direction. The agent represents the Principal in its dealings with third parties. The relationship between the Principal and agent can…
Since the establishment of the EU single market in 1993 the VAT treatment of trade between EU and Non-EU countries is subject to different rules to intra-community and domestic trade. In the context of VAT, exports refer to goods supplied from the EU to destinations outside the EU while imports refer to goods imported into…
Converting from a Sole Trader to a Limited Company If you are a sole trader or partnership you may be thinking about setting up a company for your business. Incorporating a company for your business has its benefits and it is not expensive to form a company, however there are many other issues to take…
