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…
For contractors or individuals coming to work in Ireland 1. Residency rules explained 2. How do residence, ordinary residence and domicile affect my tax treatment in Ireland 3. Credits and Reliefs available 4. Obtaining a Personal Public Service number (PPS number) & Social Security 1. Residency rules explained Your residence status for Irish tax purposes…
OVERVIEW Ireland has always been a key location to own and exploit intellectual property, the government’s commitment to Irelands “smart economy” continues to provide incentives to locate and develop IP in Ireland. Ireland is host to many indigenous businesses and foreign national businesses which started with a creative idea or invention. Governmental policy promotes the…
