What is RCT? RCT is withholding tax applied to certain payments made by principal contractors to subcontractors in the construction, forestry and meat – processing industries. Rates of tax range from 0%, 20% and 35% depending on the subcontractor’s tax status with...
Revenue issued their 2018 Annual Report on 09th May confirming Revenue collected net Exchequer receipts of €54.6 billion last year. Chairman, Niall Cody stated that; ‘when compared to 2017, net Exchequer receipts increased by €4 billion. There were increased receipts...
From November this year, all self-employed workers and contractors will be entitled to claim jobseeker’s benefit should they go out of business. As announced in last year’s budget, “The introduction of a new Jobseeker’s Benefit scheme for the self-employed represents...
As reported in the Independent and RTE news, amendments due to take place this November on Local Property Tax (LPT) have been deferred until 2021. This means LPT will remain at it’s current level until then, which has been the case since 2016. But is this delaying the...
Revenue has written to over 125,000 PAYE taxpayers that have not claimed any additional tax credits/reliefs in the previous four years, reminding them to claim their entitlements for the year 2014 before 31st December 2018. As you may be aware, there is a...
As the October 31st tax deadline races towards us, you may want to consider topping up your pension, as this is the deadline for claiming any tax relief this amount for the 2017 tax year. You can make lump sum payments to your private pension or an AVC (Additional...
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