Browne Murphy & Hughes

P35 2011 Deadline

melissa — Thu, 09 Feb 2012 10:17:12 +0000

The dedaline for the submission of the 2011 P35 is 15th February 2012. If the return and payment are both filed through ROS the deadline is extended to 23rd February 2012.

Should you require assistance in completing your P35, please feel free to contact us.

Household Charge

melissa — Thu, 09 Feb 2012 09:59:52 +0000

The new Household Charge is a charge on residential property payable by the owner. The due date for the payment of the charge is 31^st March 2012.

Who is liable

The charge is payable on any residential property in Ireland and the onus is on the property owner to register and pay the charge.

If a building is divided into flats the charge is payable on each flat.

How much is the charge

The charge is €100.

Payment by Instalments

The charge can be paid in 4 instalments of €25 each as follows:

1^st Instalment 13^th March 2012
2^nd Instalment 14^th May 2012
3^rd Instalment 13^th July 2012
4^th Instalment 10^th September 2012

In order to avail of the instalment payment method you must be registered before 1^st March 2012.

Penalties

If the charge is not paid by 31^st March 2012 penalties and interest will apply as follows:

If paid within 6 months of 31^st March 2012 the penalty will be 10% of the charge.
If paid between 6 months and 12 months of 31^st March 2012 the penalty will be 20% of the charge.
Thereafter the penalty will be 30% of the charge.

In addition to the above interest at a rate of 1% per month or part thereof will be payable on the unpaid balance.

Please click on the document below to access the registration form.

Further information is available at: http://www.householdcharge.ie

Household Charge Registration Form

NPPR

melissa — Thu, 09 Feb 2012 09:14:20 +0000

The 2012 Non Principal Private Residence (NPPR) Charge is due for payment on 31^st March 2012. There is an extended deadline until 30^th June 2012.

Who is liable

Any property in Ireland, subject to some exceptions outlined below, other than your private home is liable for the charge. The main types of property liable for the charge are:

Private Rented Properties
Vacant Properties with the exception of new unsold homes
Holiday accommodation

Exceptions:

Overseas property
Mobile homes
A property that has become vacant because the owner has moved into long-term residential care due to physical or mental illness.
Certain Heritage buildings
Newly built residential properties that remain unsold, vacant and part of the trading stock of a business.

What is the cut off date

To determine if a property is liable to the charge or not the status of the property on 31^st March 2012 needs to be considered.

How much is the charge

The charge is €200.

Penalties

If the charge is not paid by 30^th June 2011, interest at a rate of €20 per month will apply until the charge is paid.

February Tax Deadlines

melissa — Thu, 09 Feb 2012 09:09:14 +0000

Date	Type of Return	Period of the payment cover for each tax type
14^th	PAYE/PRSI	P30 monthly return and payment for January 2012
14^th	DWT	Return and payment of DWT for January 2012
14^th	PSWT	F30 monthly return and payment for January 2012
14^th	RCT	RCT30 monthly return and payment for January 2012
15^th	PAYE/PRSI	P35 return and payment for 2011
15^th	PSWT	F35 return and payment for 2011
15^th	RCT	RCT 35 return and payment for 2011
1-21^st	Corporation Tax	Prelim Tax for APs ending between 1-31 March 2012
1-21^st	Corporation Tax	Large Company prelim tax for APs ending between 1-31 August 2012
1-21^st	Corporation Tax	CT returns for APs ending between 1-31 May 2011
1-21^st	Corporation Tax	Pay balance due on APs ending between 1-31 May 2011
1-21^st	Corporation Tax	Returns of Third Party Information for APs ending between 1-31 May 2011

Note: Extended date of 23^rd for certain taxes for customers who both file and pay electronically

Budget 2012

melissa — Fri, 13 Jan 2012 08:47:22 +0000

On 6th December 2011 the Minister for Finance delivered Budget 2012. As expected Income Tax Rates, Bands and Tax Credits did not change. However there were a number of other changes.

Please click on the link below to view our 2012 budget summary.

Budget Summary 2012

Extension of Bank Guarantee Scheme to 31st December 2011

melissa — Thu, 09 Jun 2011 07:57:34 +0000

The Irish Government have received approval from the European Union Competition Authorities to extend the Bank Gurantee Scheme to 31st December 2011.

See further commentary below by Tony Gilhawley as to what is coverd by the various schemes.

Deposit Guarantee Schemes

melissa — Wed, 27 Apr 2011 11:24:39 +0000

The Irish Government’s Eligible Liabilities Gurantee (ELG) Scheme is due to expire on 30th June 2011. Read Tony Gilhawley’s commentary on what is covered by the various schemes.

Deposit Guarantee Scheme

Universal Social Charge

melissa — Thu, 03 Feb 2011 11:04:48 +0000

Budget 2011 replaced the Income Levy and Health Levy with A new Universal Social Charge (USC). The rates and thresholds are as follows:

Non Self Employed Individuals

Universal Social Charge (USC)	2011 Non Medical Card Holders & < 70	2011 Medical Card Holders & <70	2011 >70
< €4,004	0%	0%	0%
€0 – €10,036	2%	2%	2%
€10,037 – €16,016	4%	4%	4%
>€16,016	7%	4%	4%

Self Employed Individuals

Universal Social Charge (USC)	2011 Non Medical Card Holders & < 70	2011 Medical Card Holders & <70	2011 >70
< €4,004	0%	0%	0%
€0 – €10,036	2%	2%	2%
€10,037 – €16,016	4%	4%	4%
€16,017 – €100,000	7%	4%	4%
>€100,000	10%	4%	7%

Universal Social Charge – FAQs

Browne Murphy & Hughes Redesign Website

jerome — Tue, 14 Sep 2010 09:55:31 +0000

Browne Murphy & Hughes are pleased to announce the launch of our redesigned website which provides details of the full range of services we provide and direct contact links to all our partners.

We welcome any comments and feedback on our new website.

Taxation

jerome — Thu, 09 Sep 2010 12:46:24 +0000

Our tax department at Browne Murphy & Hughes provides a full range of specialist compliance and consultancy taxation services to private clients and businesses by experienced staff who are members of the Taxation Institute of Ireland.

We can advise and assist with the following:

Personal and corporate tax returns
Personal and corporate tax planning and advisory services
Gift and inheritance tax planning
Tax compliance including Income Tax, Corporation Tax, VAT, PAYE, Capital Gains Tax, Relevant Contracts Tax and Capital Acquisition Tax
Tax residency
Tax issues regarding property transactions
Company restructuring
Revenue audits and investigations
International taxation