Guide to Form 11 Tax Return
Self-assessment can feel daunting, particularly if it is your first time filing a tax return. But if you have additional income on top of your wages, it’s important to know…
Why do I Need to Fill a Form 12?
If you have additional income aside from your primary earnings, it can be tricky to know exactly how, or even if, you should declare it. If you are used to…
How to Pay Yourself from a Limited Company in Ireland
Taking on a director’s role is an exciting but challenging time, and starting your company off on the right foot can have financial benefits even years down the line. One…
What Are The Tax Filing Deadlines For Self-Employed People?
As a self-employed person in Ireland, you are responsible for assessing your own taxes. That doesn’t just mean keeping meticulous bookkeeping records and preparing sole trader accounts but also meeting various…
Tax Deductible Expenses for Sole Traders
Tax Deductible expenses for Sole Traders, What are they? When calculating your tax bill you may be able to use expenses as a tax deduction. Click here to speak to…
Guide to Tax Returns & Self-Assessment in Ireland
Guide to Tax Returns & Self-Assessment in Ireland
In general, if you earn income outside the PAYE system in Ireland you are required to file a self-assessed tax return for every year you do so. A lot of people may find this confusing or stressful, here is our guide to try and help you understand the deep thoughts of the revenue.
VAT for Sole Traders
How Does Vat Work? Valued Added Tax (VAT) is a tax charged by Irish and other European businesses on the sale of goods and services. VAT is included in the price of…
Give yourself a tax refund for Christmas
As Christmas & New Years approaches, be sure to check your tax credit list twice Tax reliefs, allowable expenses and tax credits could save you hundreds and in some cases…
Taxing Times – Are you claiming all your tax reliefs?
Know your entitlements
According to the Revenue Commissioners, there were 1.4 million claims for tax reliefs last year, more than three times the number in 2004 (around 402,000).
There are no hard figures on how much in tax relief goes unclaimed every year, but it is generally assumed to be millions of euro.
Consumer and tax experts say now is a good time to start claiming any tax reliefs due to you.
Over the past couple of years, some reliefs have been abolished, while others have been scaled back. But you can still claim tax reliefs for any expenditure made as far back as 2006.
This means that you can submit a claim for tax relief relating to expenditure that took place during the tax years 2006, 2007, 2008 and 2009, as long as the claim is submitted before December 31, 2010.
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