Taxation News
Taxation News
In addition, TDM Farmers and intra EU Transactions has been marked as no longer relevant.
Source: www.revenue.ie
Capital expenditure incurred on or after 1 January 2022 on equipment operated on fossil fuel (other than equipment operated on electricity generated using such fuel) does not qualify for accelerated allowances.
Source: www.revenue.ie
- The Movement of Excisable Products Manual
- The Administration & Control of Tax Warehouses Manual Part 2 – Breweries, Micro-Breweries and Cider Manufactures
- The Alcohol Products Tax and Reliefs Manual
- Guidance is also provided regarding the judgement given in the Y GmbH case (C668/20) concerning alcoholic products used in the flavouring of foodstuffs.
Source: www.revenue.ie
The finance minister has asked officials to analyse the situation “more comprehensively” in advance of Budget 2023.
In correspondence with Sebastian Barnes, the head of the Irish Fiscal Advisory Council (Ifac), Donohoe said the “resilience” of Ireland’s record corporation tax take was facilitating a “significant increase” in public investment while at the same time setting the country on course to record a financial surplus this year.
“However, the strong performance of corporation tax also increases the risk of relying on volatile and unpredictable receipts to fund permanent increases in expenditure,” he added.
To access the article in full, refer to the following link
Source: www.businesspost.ie
