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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: [email protected]
E-Newsletter
August 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
BEECHER'S LUCK
Seamus Parfrey
By Seamus Parfrey
 
Many of our clients over the last 15 years have dealt with Una Beecher on tax and related matters.
 
But did you know about her equestrian background which was featured on RTE recently.
 
It lasts 25 minutes and if you missed it  you can find it here
 
 
It's well worth viewing!

UNPAID INVOICES VAT ISSUES
Revenue e-brief 55/2014: Adjustment for input VAT on unpaid invoices - S62A VATCA 2010
 
Many of you will be aware of this from the announcement made in July 2014 and the addition it made to the bad debt relief provisions already in place which allowed the supplier to make an appropriate adjustment for VAT declared on unpaid invoices.

Revenue's E-brief announced extensions to this provision whereby the person in receipt of the supply has to make an adjustment for VAT deducted against a supply where that supply has not been paid. This adjustment has to be made within 6 months of the end of the taxable period the supply was accounted for and became effective for supplies received from January 2014.

DOING CALCULUS WITH ROMAN NUMERALS
Quick, what's XIV squared?

You can't do advanced math without the zero. And you can't write precise prose without a well-developed vocabulary.

The magic of the alphabet is that twenty-six letters are all you need to spell every word. The beauty of Lego blocks is that you don't need very many to build something extraordinary.


TAX DEADLINES & REMINDERS

By Seamus Parfrey

Deadline - 14 September 2015
PAYE/PRSI
  • P30 monthly return and payment for August 2015
Deadline - 14 September 2015
DWT
  • Return and payment for August 2015   
Deadline - 23 June 2015
RCT
  • Return and payment for August 2015                                                       
Deadline - 1 - 21 Sept 2015
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1 - 31 October 2015
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 March 2016
  • Returns for accounting periods ending between 1 - 31 December 2014
  • Pay balance of tax due on accounting periods ending between 1 - 31 December 2014
  • Returns of third party information for accounting periods ending between 1 - 31 December 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
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