• Doyle Keaney Tax Advisors providing innovative tax solutions

  • Doyle Keaney Tax Advisors providing innovative tax solutions

August tax news: Revenue calculation of 2014 tax liability

Revenue’s calculation of tax liability for 2014 You may have received a letter from Revenue recently to remind you that Revenue will calculate the tax liabilities due if the paper Form 11 for 2014 is filed on or before 31 August. If you or your clients are an early filer, that is file your paper Form 11 on or before …

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New conditions for agricultural relief

Mark outlines the changes to the conditions for agricultural relief  and recent Revenue guidance on the relief in his article which featured in the August 2015 issue of Chartered Accountants Ireland tax journal. Read Mark’s article.

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June tax news: 2014 tax return filing deadline

2014 Tax Return Filing Deadline The Revenue Online Service “ROS” filing deadline for 2014 income tax returns is Thursday 12 November 2015. If you are filing 2014 tax returns on behalf of clients, or your own tax return, you can avail of the extended deadline if you file the return and make the appropriate payment through ROS for preliminary tax …

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April tax news: Form CT1, Form 46G and Form 11

Form CT1 now available The Form CT1 for accounting periods ending in 2015 and a new version of the form for accounting periods ending in 2014 were released by Revenue last month. The “Extracts from Accounts” section of the form is changed to include fields for iXBRL filing requirements. 2014 income tax return and guide If you are preparing 2014 …

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February tax news: audit of accountancy practices

Audit of accountancy practices We understand that Revenue have commenced a pilot project auditing accountancy practices in the Cork area, whether the project will be extended to other regions is likely to be determined by the tax take from the sample practices. In our experience the following are areas that attract Revenue attention: • Correct accounting for VAT particularly with …

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Changes to the Capital Gains Tax regime

Mark Doyle outlines the key changes to the Irish tax treatment of capital gains including reliefs available to farmers and recently published Revenue eBriefs on capital gains tax. Read the article in full here

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Finance Bill 2014

Finance Bill 2014 was published on 23 October 2014; the Bill includes many tax measures not previously announced and also confirms the announcements made by the Minister of Finance in his Budget speech. In this article, featured in Accountancy Plus December issue, Mark Doyle examines, at a high level, the main tax changes that will impact taxpayers. Read the article in full here. 

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November tax news : pay & file deadline

Pay & File Deadline & Revenue Audits Revenue has confirmed that they will endeavor not to schedule comprehensive audits or final meetings over the next few days as we lead up to the ROS filing deadline of 13th November.  According to Chartered Accountants Ireland, Revenue have stated that, “it is recognised that Tax Practitioners, especially those in small/medium practices, are …

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August Tax News: directors’ travel expenses

Non-executive directors’ travel expenses attending board meetings The cost of travel by a non-executive director from home to board meetings will not qualify for a deduction under the Taxes Consolidation Act 1997 (section 114) according to Revenue. However, Revenue note in their operational manual that there are may be circumstances in which a non-executive director’s expenses of travel in respect …

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Taxing Land Profits

Before we look forward it is useful to look back at how development land was commonly held and treated for tax purposes prior to the economic downturn (1).  In the past there was a difference in the income tax treatment between residential development land and non-residential development land. Residential development land qualified for a special 20% rate of income tax which …

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