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Standard rate of VAT now 21.5%
11 December 2008
Budget 2009 brought in the rate change which involves an increase in the standard rate of VAT from 21% to 21.5%. Services subject to VAT at 13.5% are not affected by the change.
VAT invoices issued should now show the 21.5% rate (after December 1st) and the 21.5% rate should be applied even if services have been provided before the vat change date.
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3 Year Tax Break up to €120,000
11 December 2008
A new Tax Break for new companies has just been introduced which enables new start-up companies, which are incorporated on or after 14 October 2008, and which commence trading in 2009, to be exempt from corporation tax and capital gains tax in each of the first 3 years provided that their tax liability in the year does not exceed €40,000!.
This progressive move has been made to help stimulate growth in the Irish economy. If you'd like to avail of this major advantage visit our Company formation area (Link to company formation).
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New Nolan & Associates Website
10 December 2008
Welcome to the new and improved Nolan & Associates website. Not only have we got a new look, we've designed it with our clients in mind, to make it easier and clearer to navigate our content. Please stop by the Tools section and we sincerly hope you will find it useful and easier to use.
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