Pearse Trust Blog



FATCA – An Update For The UK & Ireland

Posted by Pearse Trust on Wednesday, Aug 27, 2014

 

Further to our previous blog on FATCA wherein we observed the postponement of the implementation dates for FATCA, the regime has now been implemented since July 2014.

Jurisdictions across the world are producing local legislation and guidance in order to implement FATCA on their home soil. 

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Tags: Ireland, Legal, United Kingdom, Tax, USA

Filing Financial Statements For Irish Companies Through ROS In iXBRL

Posted by Pearse Trust on Wednesday, Jul 09, 2014

What Is iXBRL Filing All About?

Legislative changes in the Finance Acts 2012 and 2013 extended the definition of a Corporate Tax Return to encompass financial statements. Revenue requires mandated companies to submit these financial statements through ROS in iXBRL.

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Tags: Ireland, Tax

4 Important Tax Issues To Remember For Irish Close Companies

Posted by Pearse Trust on Monday, Jun 30, 2014

Almost all companies in Ireland are “close companies”. The provisions concerning close companies were introduced in an attempt to counter the tax advantage that could be obtained by the retention of profits in closely held companies, where they attracted tax at a lower rate than the higher rates of personal tax to which those profits would be subject if distributed as dividends to shareholders.

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Tags: Ireland, Tax

Irish Corporation Tax Payment & Filing Deadlines

Posted by Pearse Trust on Wednesday, Jun 11, 2014

Corporation Tax Payments - Preliminary Corporation Tax

Preliminary Corporation Tax (“PCT”) for “large companies" i.e. companies with a liability greater than €200,000 in the preceding accounting period (“AP”), is due in two instalments:

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Tags: Ireland, Tax

Restoration In Ireland – The Key Facts

Posted by Pearse Trust on Wednesday, May 21, 2014

In Ireland, there are two restoration methods available once a company has been struck off. The two methods are restoration by administrative action and restoration by court order, each of which is dependant on certain conditions.

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Tags: Ireland, Legal

Handling Insider Information In Ireland

Posted by Pearse Trust on Monday, May 19, 2014

“Insider information” is confidential information on the affairs, functions, or financial status of a company listed on a stock exchange which can influence the market price of its shares traded on a regulated market. such as the Main Securities Market of the Irish Stock Exchange.

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Tags: Ireland, Legal, Shares

Home Renovation Incentive Scheme

Posted by Pearse Trust on Monday, May 05, 2014

The Home Renovation Incentive (“HRI”) scheme was introduced for individuals in Finance (No.2) Act 2013. It provides tax relief by way of income tax credit at 13.5% of qualifying expenditure incurred in the period from 25 October 2013 to 31 December 2015. Qualifying expenditure includes repair, renovation or improvement works on an individual’s principal private residence in Ireland using the services of a tax-registered and tax compliant builder/ contractor.

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Tags: Ireland, Tax

What Is A Whistle-Blower

Posted by Pearse Trust on Wednesday, Mar 12, 2014

A whistle-blower may be defined as a person who alleges misconduct, dishonesty or illegal activity occurring in an organisation. The whistle-blower may be a current or past employee and their allegations may be in connection with current or past actions. 

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Tags: Ireland, Corporate Governance

Practical VAT Update (ROI) – Part 2

Posted by Pearse Trust on Wednesday, Feb 26, 2014

This blog is a follow on from a previous post on the “Practical VAT Update - Ireland” and it is advisable that this is read in conjunction with the earlier blog.

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Tags: Ireland, Tax, VAT

Foreign Investment in Irish Property – The Road to Recovery

Posted by Pearse Trust on Monday, Feb 24, 2014

On 11 February 2014 Donald Trump Snr announced that his firm had purchased Doonbeg Lodge and Golf Resort in Co. Clare for circa €15m. The acquisition was completed less than one month after the appointment of Receivers.

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Tags: Ireland, Investment