The Report of the Entrepreneurship Forum has been launch by the Minister for Jobs, Enterprise and Innovation. It contains lots of recommendations and suggestions for improvements including short term and long term taxation recommendations.
One suggestion is to consider a long term policy of having a flat tax of 15–20 per cent on all types of income. If that is not possible a reduction in the capital gains tax rate from 33% to 20% is recommended.
It will be interesting to see if any…
The Revenue Commissioners have issued a guide on the tax treatment of the proposed Vodafone return of value to Shareholders. The guide states "The Vodafone proposals are still provisional. Accordingly all figures in this guide are provisional and estimates have been used where necessary. As final figures are not available, it is not possible to provide a definitive statement as to the tax position applicable to the proposed Return of Value and related share consolidation. However, this guide sets out the likely position and will be updated following the completion of the Return of Value and related share consolidation."
The guide can be obtained on the revenue website: www.revenue.ie.
I would like to take this opportunity to thank you for your support during 2013.
Wishing you and your families a peaceful Christmas and a prosperous and successful 2014.
The office will re-open 2 January 2014.
Breaches of data protection have recently been in the news.
The data protection rules in Ireland are governed by the Data Protection Act 1988 and the Data Protection (Amendment) Act 2003.
The extension of the paper filing deadline for the Local Property Tax to 14 November 2013 is good news. The online filing deadline of 27 November 2013 is unchanged.
See Revenue information