Archive for July 2011
Relevant Contract Tax RTC to be introduced in 2012
New Relevant Contracts Tax (RCT) system to be introduced in 2012 Work is well advanced on developing a new system, which is expected to be introduced on 1 January 2012. It will be subject to a commencement order to be signed by the Minister for Finance. These changes will affect all principal contractors and subcontractors…
Read MoreIntertradeIreland Funding
Launch of €5 million support programme by InterTradeIreland for companies working on all Ireland collaborative innovation projects Level of investment provides vital financial support for SMEs to develop and commercialise innovative products and services Collaboration is key to commercialising new ideas, according to Minister Sean Sherlock speaking at the recent launch of InterTradeIreland’s Innova Programme…
Read MoreERO System Ireland Ruled Unconstitional
“In the landmark decision delivered by Mr Justice Kevin Feeney on July 7th, the High Court ruled that the ERO system is unconstitutional. The judgment is far reaching and has ramifications not just for employees in the catering sector and other sectors governed by 13 EROs currently in existence, but the wider landscape of Irish…
Read MoreNew Vat Rate Ireland 2011
The new reduced VAT rate of 9% for certain goods and services came into effect on 1st July and will remain in force until 31st December 2013. The reduction in the VAT rate mainly impacts on tourism and leisure related activities. Goods and Services at the 9% rate: the supply of food and drink (excluding…
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