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CASH WITHDRAWALS TO BE TAXED! WHAT DOES IT ACTUALLY MEAN?
By Aoife Ní Dhubhghaill
As announced in the Budget, changes were made by the Finance Act 2015 to levy stamp duty on withdrawals of cash from automated cash machines. This was to replace the flat rate charge on debit and cash cards and comes into effect from January 1st.
With effect from 2016 and future years the Home Carer Tax Credit has been increased to €1,000. Previously this has been running at €810 a year.
In addition the income limit for the carer has been increased to €7,200 from €5,080. Once this limit is exceeded then the amount of tax credit due is tapered downwards. Once income for the carer has exceeded €9,200 (€6,700 in previous years) then no tax credit is due.
Anyone who registered their principal private residence with Irish Water by 30 June 2015 was invited to apply for a Water Conservation Grant.
This is an annual payment administered by the Department of Social Protection, on behalf of the Department of the Environment, Community and Local Government.
Due date submission of Form P35 for year ended 31 December 2015
Deadline - 14 February 2016
DWT
Return and payment for January 2016
Deadline - 23 February 2016
RCT
Return and payment for January 2016
Deadline - 1 - 21 February 2016
Corporation Tax
Preliminary Tax for accounting periods ending between 1-31 March 2016
First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 August 2016
Returns for accounting periods ending between 1 - 31 May 2015
Pay balance of tax due on accounting periods ending between 1 - 31 May 2015
Returns of third party information for accounting periods ending between 1 - 31 May 2015
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
