IN THIS ISSUE
Quick Links

Newsletter Archive
Connect with Us
Like us on Facebook    Follow us on Twitter    View our profile on LinkedIn
Contact
Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: [email protected]
E-Newsletter
January 2015
Our aim is to help businesses grow, to increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on  021 4310266 or email us at [email protected] if you wish to do business with us
HOW TO APPLY VAT REVERSE CHARGE

By Una Beecher

Where a business provides goods / services to a VAT registered customer in another EU Member State, to avoid charging VAT, the business must ascertain the VAT number of the customer.

That VAT number together with an indication that the reverse charge applies, must be included on the relevant invoice issued by the business along with the company's own VAT Number and the usual information.

 

Vat is charged at Zero %.

 

The following sample wording might be useful:

 

Reverse VAT charge applies in accordance with the Fourth Schedule to the VAT Act 1972 as amended.

Customer VAT No.: 


 

READ MORE
 

HOW TO SET UP A BRANCH IN IRELAND

By Maria Fahy

 

The following outlines the procedures for a company registered in an EU country to set up a branch in Ireland

 

1.         SET UP

 

A.        Form F12

 

A Form F12 must be completed and filed with the Companies Registration Office with a filing fee of €60. This form must be submitted along with:

  • A copy of the certificate of incorporation
  • A copy of any certificates of incorporation on any name changes of the company
  • A copy of the last set of financial statements submitted to the overseas Companies House for the parent company
  • A certified and translated (if necessary) copy of the Memorandum and Articles of Association of the company.

The documents to be certified as true in the country in which the company is incorporated should be by:

 

The Registrar of Companies, or a notary public, or an officer of the company on oath before a person having authority to administer an oath.

 

B.        REVENUE COMMISSIONERS

 

After registration in the Companies Registration Office, a Form TR2(FT) must be completed, signed by a Director of the parent company and filed with the Revenue Commissioners to register for taxation purposes.

 
STAY POSITIVE
Seamus Parfrey

By Seamus Parfrey

I vow to stay positive in the face of negativity; 

When I am surrounded by pessimism, I will choose optimism;

When I feel fear, I will choose faith;

When I want to hate, I will choose love;

When I want to be bitter, I will choose to get better;

When I experience a challenge, I will look for an opportunity to learn and grow;

When I experience a setback, I will be resilient;

When I meet failure, I will fail forward, toward future success;

With vision, hope, and faith, I will never give up and will always move forward toward my destiny;

I believe my best days are ahead of me, not behind me;

I believe I'm here for a reason and my purpose is greater than my challenges;

I believe that being positive not only makes me better, it make everyone around me better;

So today and every day I will be positive and strive to make a positive impact on the world. 

READ MORE

TAX DEADLINES AND REMINDERS
Deadline - 14 February 2015
PAYE/PRSI
  • P30 monthly return and payment for January 2015
Deadline - 15 February 2015
PAYE/PRSI
  • P35 annual return for the year ended 31 December 2014
Deadline - 14 February 2015
DWT
  • Return and payment for January 2015   
Deadline - 23 February 2015
RCT
  • Return and payment for January 2015                                                               

Deadline - 21 February 2015

Corporation Tax

  • Preliminary Tax for accounting periods ending between 1 - 31 March 2015
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 August 2015
  • Returns for accounting periods ending between 1 - 31 May 2014
  • Pay balance of tax due on accounting periods ending between 1 - 31 May 2014
  • Returns of third party information for accounting periods ending between 1 - 31 May 2014
Where returns and payments for RCT, VAT, PAYE/PRSI and Corporation Tax are made electronically, the return and payment deadlines are the 23rd day of the month.
Parfrey Murphy
+353 (0)21 4310266
Blog  |  Why Us?  |  Startups  |  Services  |  Resources  |  Testimonials  |  About Us  |  Contact Us