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Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

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RCT deduction rate changed for subbies ?

RCT deduction rate changed for subbies ?

I am subbie and our principal contractor has increased the RCT deduction rate ? Why is this ? The reason why your RCT deduction rate has changed could be due to a twice yearly review done by revenue on all subbies compliance records. Revenue calls this a RCT Bulk Rate review (BRR) Revenue currently carries…

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Is there VAT on services supplied to businesses outside the EU ?

Is there VAT on services supplied to businesses outside the EU ?

VAT Supplies of services to business customers outside the EU ? In general, supplies of services to business customers outside the EU are not subject to VAT. However, you must obtain sufficient evidence and proof that the customer is a taxable person. You must obtain the following: Proof as to the place of establishment of…

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What are pre-trading expenses ?

What are pre-trading expenses ?

WHAT ARE PRE-TRADING EXPENSES ? Pre-trading are expenses incurred by new start up businesses before they actually begin to trade Examples of which are: Cost of business plans Advertising Legal fees Rent & Rates Training courses Accountancy fees How pre-trading expenses are dealt under income tax and vat is set out below A. Income tax…

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