Categorized as: Syndicated News

UK may tax nylon in war on plastic

British chancellor Philip Hammond is being urged to start taxing clothes made from polyester and nylon as he seeks to stop harmful plastics filling the world’s oceans. The UK treasury is aiming to announce a package of new taxes to deal with plastic waste in its budget statement in November, following a consultation that attracted […]

Manufacturing SMEs widen incentives in bid to attract key staff

Small and medium-size manufacturers in Connaught and Ulster rely on a greater mix of incentives to keep employees – including flexitime, pension schemes, and health insurance. They also report the highest levels of staff retention in the country, while, in Dublin, money is seen as key to keeping staff. That’s according to the latest ‘Skill […]

Monaco’s €2bn plan to stay relevant sees coastline grow

FIRST-TIME visitors to the Monte Carlo Casino for next weekend’s Grand Prix may not find the view they’re expecting. In the place of sea vistas are screens shielding the coast; in the water, dredgers are strategically placed, like warships. “Monaco’s yachts don’t look as glamorous these days,” one visitor jokes. The activity is the first […]

An Post sees boost to marketing mail despite GDPR rules

AN POST is experiencing a boost to its direct mailing business ahead of the introduction of the General Data Protection Regulation (GDPR). The EU-wide regime, which comes into effect this coming Friday, updates and overhauls European data protection law, and all companies that process the data of EU residents are obliged to comply with the […]

Making money from bitcoin? Revenue has issued rules on paying taxes

Irish-based companies are not permitted to prepare their accounts in cryptocurrencies such as bitcoin and must convert crypto payments to staff into euro for tax purposes. A new Revenue Commissioners briefing document also makes clear that while trading in cryptocurrencies such as bitcoin, litecoin and ripple will not attract VAT, any gains made will be […]

Cashing in on the recovery of the property market

Earlier this week, David Ehrlich, the founding chief executive of the State’s biggest landlord, earned a €4.2 million profit selling his shares in the company to its largest investor, listed Canadian property firm Capreit. Ehrlich resigned last year from the top job at Irish Residential Property Real Estate Investment Trust (Ires Reit), one of a […]

Europe: Shares set to extend winning streak on oil surge, weak euro

[MILAN] European shares dipped in morning trading on Friday but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over political risk in Italy. The pan-European STOXX 600 index fell 0.3 per cent but remained near its highest […]

Seven steps you must follow in order to successfully navigate a Revenue audit

The receipt of a Revenue audit notification is a stressful event for most taxpayers. However, with careful preparation the worry and cost can be minimised. These seven steps set out what to consider in preparing for a Revenue audit. 1. Revenue audit letter The first step is to review, in detail, the notification of an […]

Hundreds affected by mistakes in mortgage calculations

Hundreds of homeowners have had their monthly mortgage repayments calculated incorrectly by the largest credit servicing firm in the State. Pepper Asset Servicing has admitted that some people have been charged too much on their mortgages, with others charged too little. Customers have also been issued with incorrect mortgage statements. The issues have been brought […]

Corporation tax volatility will lead to ‘inevitable fall’

The “wind is at our backs” in relation to corporation tax yield but “it cannot continue indefinitely”, the head of the Irish Fiscal Advisory Council has warned. Economist Seamus Coffey told the Oireachtas Budgetary Oversight Committee there is “significant volatility taking place under the bonnet” when it comes to corporation tax revenues and that a […]