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Standard VAT rate increased to 23%
02nd January 2012
The standard rate of VAT for the Republic of Ireland will be increased from 21% to 23%, effective from the 1st of January, 2012. From the 1st of January, the new rate should be used on all Bills. Full details about this change can be found on the Revenue website here.
The standard rate of VAT for the Republic of Ireland will be increased from 21% to 23%, effective from the 1st of January, 2012. From the 1st of January, the new rate should be used on all Bills. Full details about this change can be found on the Revenue website here.
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Budget 2011 - The Official Summary
07 December 2010
Budget 2011 brought in a rake of changes, of course this means that The budget summary is much bigger than usual because so much has changed this year and not really for the better!
The budget documents can be downloaded from the department of Finance webiste here, and these documents are also available on the Nolan & Associates website.
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Corporation Tax exemption for Startups
07 December 2010
The popular Tax Break has been extended in 2011 with some adjustments, which we will go into in more detail over the coming weeks.
This progressive move has been made to continue to stimulate growth in the Irish economy, and focus on creating employment in Ireland. The minister is saying to International business, to please come and do business in Ireland. You wont have to pay Corporation Tax for the first few years, but please pay PAYE/PRSI and create value in the economy. If your looking to incorporate in Ireland, please start at our Company secretarial and Irish company formations website - Companyservice.ie
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A snowy December 7th in Dublin
07 December 2010
Most Accountants realised that the budget of December 7th 2010, would be a very difficult one. There was nothing madly shocking in this budget that wasnt allready covered in last weeks 4 year plan but it makes for interesting changes. The saying goes "May you live in interesting times" - and we certainly do!
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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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Suite 302, 304, The Capel Building, Mary's Abbey, Dublin 7, Ireland.
+353 (0) 1 878 6011, +353 (0) 1 873 4760.
office@nolanassociates.com.
