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Tax Briefing Supplement 2011

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					Tax Briefing Supplement September 2011

Contents

Tax Credits, Reliefs and Rates for the Tax Years 2010
and 2011 ......................................................................... 2
Stamp Duty ................................................................... 13
Residential Property Tax............................................... 32
VAT ............................................................................... 34
Capital Gains Tax ......................................................... 41
Corporation Tax ............................................................ 42
Capital Acquisitions Tax................................................ 43
Excise Duty Rates......................................................... 47
Vehicle Registration Tax ............................................... 51
Leaflets and Guides ...................................................... 65
Statements of Practice.................................................. 66
Double Taxation Treaties entered into by Ireland......... 67
Employee Expenses ..................................................... 73
Social Welfare Pensions and Allowances 2007-2011 .. 84
Average Market Mid-Closing Exchange Rates v Euro.. 87
Some Electronic Services Provided by Revenue ......... 88
Tax Briefing Index ......................................................... 89




TB Supplement September 2011                                 1
Tax Credits, Reliefs and Rates for the Tax Years 2010 and
2011

Personal Tax Credits
The following chart gives details of the main personal tax credits for the tax years 2010
and 2011
Note: Civil Partnership changes apply from 1 January 2011 only
                                                                         Tax Year           Tax Year
Personal Circumstances
                                                                         2010               2011
Single Person                                                            €1,830             €1,650
Married Person or Civil Partner Tax Credit                               €3,660             €3,300
Widowed Person or surviving Civil Partner qualifying for
                                                                         €1,830             €1,650
One Parent Family Tax Credit
Widowed Person or surviving Civil Partner without
                                                                         €2,430             €2,190
dependent children
Widowed Person or surviving Civil Partner in year of
                                                                         €3,660             €3,300
bereavement
One-Parent Family, Widowed or surviving Civil Partner,
Deserted, Separated or Dissolved Civil Partnership,
                                                                         €1,830             €1,650
Divorced or Single (with qualifying dependent children,
see note 1)
Widowed Person or Surviving Civil Partner with
                                                                         ---                €3,600
dependent child tax credit bereaved in 2010
Bereaved in 2009                                                         €4,000             €3,150
Bereaved in 2008                                                         €3,500             €2,700
Bereaved in 2007                                                         €3,000             €2,250
Bereaved in 2006                                                         €2,500             €1,800
Bereaved in 2005                                                         €2,000             ---
Home Carer (max.)                                                        €900               €810
PAYE Tax Credit                                                          €1,830             €1,650
Age Tax Credit if Single or Widowed or surviving Civil
                                                                         €325               €245
Partner
Age Tax Credit if Married or in a Civil Partnership                      €650               €490
Incapacitated Child (See note 1)                                         €3,660             €3,300
Dependent Relative (See note 1)                                          €80                €70
Blind Tax Credit - Single                                                €1,830*            €1,650*
Blind Tax Credit - One Spouse or Civil Partner Blind                     €1,830*            €1,650*
Blind Tax Credit - Both Spouses or Civil Partners Blind                  €3,660*            €3,300*
Incapacitated Person - Allowance for Employing a Carer                   €50,000**max       €50,000**max
* Relief in respect of the cost of maintaining a guide dog (max €825) may be claimed under the heading of
Health Expenses.
** Relief for Employing a Carer (2010 and 2011) is allowable at the individual's highest rate of tax, i.e. 20% or
41%.

TB Supplement September 2011                                                2
Note 1

Child or relatives income limits regarding tax credits

The Child's/Relative's income limits             Tax Year 2010         Tax Year 2011
One Parent Family Tax Credit                     0                     0
Incapacitated Child Tax Credit                   0                     0
Dependent Relative Tax Credit                    €13,837*              €13,837
* In the case of Dependent Relative Tax Credit, if the relative's income exceeds the relevant limit no tax
credit is due.



Exemption Limits
Exemption limits for single or widowed or Surviving Civil Partner, Couples in a marriage or
Civil Partnership and additional amount(s) for qualifying children in 2010 and 2011.

Note: Civil Partnership changes apply from 1 January 2011 only
                                                                                 Tax Year       Tax Year
Personal Circumstances
                                                                                 2010           2011
Single or Widowed or surviving Civil Partner 65 years of age or
                                                                                 €20,000        €18,000
over
Married or in a Civil Partnership 65 years of age or over                        €40,000        €36,000
Single or Widowed or a surviving Civil Partner, Married or in a
Civil Partnership 65 years of age or over                                        €575           €575
Additional for 1st and 2nd dependent child
Single or Widowed or a surviving Civil Partner, Married or in a
Civil Partnership 65 years of age or over                                        €830           €830
Additional for each subsequent dependent child
Marginal Relief Tax Rate                                                         40%*           40%*
*The Marginal Relief Tax Rate only applies to persons 65 years of age or over.



Tax Rates and Tax Bands
Tax rates and bands applicable to your personal circumstance in tax year 2010 and tax
year 2011.

NB: Civil Partnership changes apply from 1 January 2011 only
Personal Circumstances                       Tax Year 2010          Tax Year 2011
Single or Widowed or surviving Civil         €36,400 @ 20%, Balance €32,800 @ 20%, Balance
Partner without dependent children           @ 41%                  @ 41%
Single or Widowed or surviving Civil
                                             €40,400 @ 20%, Balance €36,800 @ 20%, Balance
Partner qualifying for One Parent
                                             @ 41%                  @ 41%
Family Tax Credit
Married or in a Civil Partnership -
                                             €45,400 @ 20%, Balance €41,800 @ 20%, Balance
one spouse or Civil Partner with
                                             @ 41%                  @ 41%
income

TB Supplement September 2011                                              3
Personal Circumstances                       Tax Year 2010                   Tax Year 2011
Married or in a Civil Partnership -          €45,400 @ 20% (with an          €41,800 @ 20% (with an
both spouses or Civil Partners with          increase of €27,400 max),       increase of €23,800 max),
income                                       Balance @ 41%                   Balance @ 41%

Note: The increase in the standard rate tax band is restricted to the lower of €27,400 in 2010 and €23,800 in
2011 or the amount of the income of the spouse with the lower income. The increase is not transferable
between spouses.



Income Levy - 2010

The Income Levy is payable on gross income from all sources before any tax reliefs,
capital allowances, losses or pension contributions.

The 2010 annual rates and thresholds of the Income Levy are as follows:

Applicable to payments made in 2010
Income Levy Thresholds                                            Rate
Income up to €75,036 per annum                                    2%
Income from between €75,037 to €174,980 per annum                 4%
Income above in excess of €174,980 per annum                      6%

The following are exempt from the Income Levy:

    •   Individuals who hold full medical cards (A 'GP only' medical card is not a 'full'
        medical card)
    •   Individuals whose annual income does not exceed €15,028
    •   Individuals aged 65 or over whose annual income does not exceed €20,000
    •   Married couples or Civil Partners, one or both of whom are aged 65 or over, whose
        combined income for the year does not exceed €40,000

All Department of Social Protection payments are also exempt from the Income Levy.

For the latest information on the Income Levy including Frequently Asked Questions and
the Income Levy Certificate 2009 & 2010

Note: The Income Levy is abolished with with effect from 1 January 2011.


Rent-a-Room Relief
Where a room (or rooms) in a person’s sole or main residence is (are) let as residential
accommodation, gross annual rental income, together with any sums received for the
provision of meals or other services supplied in connection with the letting, may be exempt
from income tax where the aggregate amount received in the year of assessment does not
exceed the annual limit ( €10,000 for 2010 & 2011). Relief in respect of mortgage interest
relief is not affected. The relevant Capital Gains Tax/Stamp Duty provisions are also not
affected. For more information see Leaflet IT 70 - A Revenue Guide to Rental Income.


TB Supplement September 2011                                             4
Childcare Services
Childcare Services relief is a scheme of tax relief for income arising from the provision of
certain childcare services. When the gross annual income from the provision of childcare
services does not exceed €15,000 in 2010 or 2011 the income is exempt from tax. The
childcare service must be provided in the carer's home, not the children's home and no
more than 3 children may be cared for at any time.


Rent Relief for Private Rented Accommodation
Relief is due at the standard rate of tax (20%) in the tax years 2010 and 2011 subject to
the following upper limits:
NB: Civil Partnership changes apply from 1 January 2011 only
                                                                   Tax Year      Tax Year
Personal Circumstances
                                                                   2010          2011
Single Under 55 max.                                               €2,000        €1,600
Single Over 55 max.                                                €4,000        €3,200
Widowed or a surviving Civil Partner/Married or in a Civil
                                                                   €4,000        €3,200
Partnership under 55 max.
Widowed or a surviving Civil Partner/ Married or in a Civil
                                                                   €8,000        €6,400
Partnership over 55 max.

Relief can be claimed by completing Form Rent 1 - Claim for Rent Relief on Private
Rented Accommodation (PDF, 244KB)



Tax Relief for Loan Interest (Secured and Unsecured)

Tax Relief at Source (TRS) on Secured loans

From 1 January 2002, tax relief for home mortgage interest is no longer given through the
tax system but is instead granted at source. This means that your mortgage lender gives
you the benefit of the tax relief elements on the mortgage interest on behalf of the
Revenue Commissioners. Tax relief is granted on the amount of the interest paid, subject
to the overall limits. For more information see leaflet:
Mortgage Interest Relief (Tax Relief at Source).

Your mortgage repayment is reduced by the amount of the tax relief. Your lender in turn
claims this amount from Revenue. Any future adjustments in the tax relief (for example,
arising from changes in interest rates) will be made automatically by the lender on behalf
of Revenue. It is not necessary to claim mortgage interest relief in the annual tax return,
and it no longer appears on your Tax Credit Certificate. Borrowers who are taking out new
mortgages or who wish to claim for relief due to previous years must apply online at
www.revenue.ie




TB Supplement September 2011                                   5
Unsecured Home Loans

Relief for interest payments made on unsecured Home Loans used for qualifying
purposes, i.e. repair or improvement of your sole or main residence can be claimed by
review at the end of the tax year.
If, however, you are paying interest on a qualifying private residence mortgage in excess
of the ceiling for relief, listed below, and you are receiving Tax Relief at Source on this
interest then there will be no additional relief due in respect of a qualifying unsecured
home loan.


Amount of Relief Available
The rate of mortgage interest relief applicable to First-time buyers is 25% in years 1 and 2,
22.5% in years 3, 4 and 5 and 20% for years 6 and 7 of the mortgage on a maximum
interest rate paid of €10,000 per annum. First-time buyers relief ends after year 7. Non
first-time buyers receive relief at the rate of 15% on a maximum of €3,000 interest per
annum. Mortgages taken out from 1 January 2004 to 31 December 2011, subject to
qualifying loan criteria, are eligible for TRS Mortgage interest relief until 31 December
2017.

Mortgages taken out from 1st January 2012 to 31st December 2012 will be entitled to
mortgage interest relief at the reduced rates of 15% for first time buyers and 10% for non
first time buyers, on the first €3,000 interest paid per individual.

Mortgages taken out after 31st December 2012 will not qualify for mortgage interest relief.

Mortgages taken out prior to 1st January 2004 are no longer eligible for mortgage interest
relief. However, top up loans/equity release loans taken out since 1st January 2004 on
these pre-2004 loans may be eligible for mortgage interest relief, provided they adhere to
eligibility criteria as as listed above.

Note: The relief will be abolished completely by the end of 2017.

For more information see leaflet: Tax Relief at Source (TRS) for Mortgage Interest Relief.

Relief available for loan interest on secured and unsecured loans for the tax years 2010
and 2011

NB: Civil Partnership changes apply from 1 January 2011 only
                                                                     First Time    All
Personal Circumstances
                                                                     Buyers        Others
Single                                                               €10,000       €3,000
Married or in a Civil Partnership/Widowed or a surviving Civil
                                                                     €20,000       €6,000
Partner

Note: Amounts shown in the above table are the ceiling amounts for the years 2010 and
2011




TB Supplement September 2011                                     6
Medical Insurance Premiums

Tax Relief at Source (TRS)

Tax relief for medical insurance premiums paid to authorised insurers is granted at source
(TRS). Subscribers will pay a reduced premium (80% of the gross amount) to the
authorised medical insurer. This reduction is the same as giving tax relief at the standard
rate of tax (20%).

Employees whose medical insurance premiums are paid on their behalf, by their employer,
as a Benefit-in-Kind, will not have been allowed tax relief at source. To claim the relief due
it will be necessary to notify your local Revenue Office by phone, email or in person with
the relevant details or by completing your annual tax return.

The Age-Related Tax Credit (ARTC) was introduced in 2009 and applies to medical
3insurance premiums paid to an authorised insurer. The amount of the credit depends on
the age of the insured person on the date the contract was entered into or renewed. For
more information see Leaflet: IT 5 - Medical Insurance Relief


Revenue Job Assist
Additional tax relief at the individual’s highest rate of tax, i.e. 20% or 41% in 2010 and
2011, is available for people who have been unemployed for one year or more and who
take up a qualifying job. Relief in the first year of employment is €3,810 plus €1,270 for
each child, reducing to two-thirds of that amount in Year 2 and one-third in Year 3. This
relief is also available for persons who have been in receipt of either Disability Allowance,
Blind Person’s Pension or Invalidity Pension for 12 months or more, Illness Benefit for 3
years or more or released after 12 months or more in prison. For more information see
Leaflet IT 58 - Job Assist Information for Employees (PDF, 148KB).


Revenue Approved Permanent Health Benefit Schemes
Where an employer deducts the contributions from gross pay the tax relief is given at
source. Therefore no further action is necessary to claim relief.

Where an employer does not deduct the contributions from gross pay relief can be
claimed, by notifying your local Revenue office of the relevant details by phone, email or in
person ( See Further Information) or by completing your annual tax return.


Tax Relief on Service Charges
Income tax relief is available for individuals who pay local authority and other service
charges. Relief is given for service charges paid in full and on time in the previous
calendar year. A maximum of €400 tax relief is granted (at the 20% rate) in 2011 for
service charges paid in the year 2010. For more information see         Leaflet IT 27 - Tax
Relief for Service Charges (PDF, 1.1MB).

The relief is being abolished for tax year 2012 and subsequent years.

TB Supplement September 2011                                    7
Relief for Service Charges paid in the years 2009-2011

Relief at 20% tax rate    Allowed in the year     For service charges paid in the year
€400                      2010                    2009
€400                      2011                    2010
Nil                       2012                    2011


Home Carer’s Tax Credit
A tax credit at the standard rate of tax (20%) in the tax years 2010 and 2011 is available
for Married Couples or Civil Partners where:

   •   One Spouse or Civil Partner (the 'home carer') works in the home caring for one or
       more dependent persons, i.e. a child for whom they are entitled to Social Welfare
       child benefit, a person aged 65 or over, or a person who is permanently
       incapacitated by reason of mental or physical infirmity and the qualifying person
       normally resides with the couple for the year.

   •   The home carer’s income is not in excess of €5,080. A reduced tax credit applies
       where the income is between €5,080 and €6,880 in 2010 or between €5,080 and
       €6,700 in 2011.

The tax credit is not available to Married Couples or Civil Partners that are taxed as single
persons. Neither is the tax credit available to Married Couples or Civil Partners with
combined incomes over €45,400 in the tax years 2010 or €41,800 in 2011 and who claim
the increased standard rate tax band for dual income couples. For more information and
also to claim the relief due complete the application form in Leaflet IT 66 - Home Carer's
Tax Credit and send it to your local Revenue office. Alternatively, you can telephone your
Regional LoCall number (see Further Information) with details of your claim.


Trade Union Subscriptions
An annual flat rate allowance of €350 at the standard rate of tax 20% (tax credit €70) is
available for Trade Union subscriptions paid in 2010. The full allowance is available in
2010 regardless of the actual amount of the subscription paid. If you are/were a member of
a Trade Union at any time during 2010 and you have not been granted relief for
subscriptions made, you can phone your Regional LoCall number.

Note: Tax relief for Trade Union subscriptions has been abolished with effect from 1
January 2011.


Health/Medical Expenses Relief

You may claim tax relief on a Form MED 1, at the standard rate of tax (20%), from 1
January 2009 (with the exception of nursing home expenses for which tax relief is still
available at your highest rate of tax) for certain medical expenses incurred by you, on your

TB Supplement September 2011                                   8
own behalf or on behalf of another person. Most medical expenses, with some exceptions
e.g. routine dental and ophthalmic care, qualify for relief.

You cannot claim relief for any expenditure which has been or will be reimbursed, e.g. by
Hibernian Aviva Health, Quinn-healthcare, VHI, a Health Authority, or where a
compensation payment is made or will be made.

For more information see Leaflet IT 6 - Health / Medical Expenses Relief, Form         MED 1
(PDF, 888KB) or phone your Regional LoCall number.


Tuition Fees
Tax relief at the standard rate of tax (20%) in the tax years 2010 and 2011 is available for
certain tuition fees. The maximum limit on such qualifying fees for the academic years
2010/2011 is €5,000 and 2011/2012 is €7,000.

2011/2012 only: the first €2,000 of each claim is disregarded for relief, where any one of
the students in respect of whom the relief is claimed is a full-time student. In the case of a
claim for relief where all the students concerned are studying part-time, the first €1,000 of
the claim for relief is disregarded. For more information see Leaflet IT 31 - Tax Relief for
Tuition Fees.


Tax Relief Available to Systematic Short-time Workers
The exemption from income tax for Jobseeker's Benefit paid to systematic short-time
workers has been extended indefinitely.



PRSI - Employers/Employees

Class A (Normal rate at which contributions are made)

Tax Year 2010
                                                                                  Employer’s
Employee’s Income chargeable as below:                                    Total
                                                                                  rate
Earnings up to €75,036 to PRSI @ 4% plus a Health
                                                                          8%      10.75%
Contribution of 4%
Earnings over €75,036 (€1,443 per week, €2,886 per fortnight &
                                                                          5%      10.75%
€6,253 per month) to a Health Contribution of 5%


Tax Year 2011: Period 1/1/2011 – 1/7/2011
Employees Income chargable             Employee rate          Employer’s rate
as below:
Income up to and including €365 per    4%                     8.5%
week
Income greater than €365 per week      4%                     10.75%

TB Supplement September 2011                                    9
Tax Year 2011: Period 2/7/2011 – 31/12/2011
Employees Income chargable            Employee rate      Employer’s rate
as below:
Income up to and including €365 per   4%                 4.25%
week
Income greater than €365 per week     4%                 10.75%

Employees are exempt from PRSI on the first €127 per week or €26 per week for
employees on a modified PRSI rate. Employees earning €352 or less per week in 2009 or
2010 are exempt from PRSI and Health Contribution. However, where earnings exceed
€352 per week in 2009 or 2010, the employee’s PRSI Free Allowance remains at €127 per
week or €26 per week for employees on a modified PRSI rate. Employees earning €500 or
less per week in 2009 or 2010 are exempt from Health Contribution.

Note: Recipients of a Department of Social Protection Widow’s, Widower’s or Surviving
Civil Partner’s Pension, Deserted Wife’s Benefit/Allowance or One-Parent Family Payment
are exempt from paying the Health Contribution. Holders of a 'Full' Medical Card and
people aged 70 and over are also exempt from this contribution.

2011: The Employee PRSI ceiling has been abolished. The Health Contribution (and the
Income Levy) has been abolished and has been replaced by the Universal Social Charge
with effect from 1/1/2011 (see below). Any PRSI and Health Contribution queries should
be directed to Department of Social Protection, Information Service at 1890 66 22 44 or
at: www.welfare.ie


PRSI - Self-Employed

Class S (Self-Employed)

Tax Year 2010
Self Employed Income chargeable as below:                         Total
3% PRSI and 4% Health Contribution on all income up to €75,036 7%
3% PRSI and 5% Health Contribution on all income over €75,036     8%

Tax Year 2011

Self Employed Income chargeable as below:      Total
PRSI on all income                             4%

Self-employed persons are exempt from Health Contribution where the annual income is
€26,000 or less in 2010. The minimum annual PRSI contribution is €253.

Note: Recipients of a Department of Social Protection Widow’s, Widower’s or Surviving
Civil Partner’s Pension, Deserted Wife’s Benefit/Allowance or One-Parent Family Payment
are exempt from paying the Health Contribution in 2010. Holders of a 'Full' Medical Card
and people aged 70 and over are also exempt from this contribution.



TB Supplement September 2011                               10
2011: The Employee PRSI ceiling has been abolished. The Health Contribution (and the
Income Levy) has been abolished and has been replaced by the Universal Social Charge
with effect from 1/1/2011 (see below).
Any PRSI and Health Contribution queries should be directed to Department of Social
Protection, Information Service at 1890 66 22 44 or at www.welfare.ie



Universal Social Charge (USC)

The Universal Social Charge is a tax payable on gross income from all sources, including
notional pay, after any relief for certain capital allowances, but before pension
contributions. The Universal Social Charge is effective with effect from the 1/1/2011 and it
replaces the Income Levy and the Health Contribution.

The rates of Universal Social Charge are:

   •   2% on the first €10,036
   •   4% on the next €5,980
   •   7% on the balance.

However, these standard rates are modified in certain circumstances. In the case of
individuals aged 70 or over, and individuals who hold full medical cards, the 45 rate
applies to all income over €10,036.

There is a surcharge of 3% on individuals who have income from self-employment that
exceeds €100,000 in a year, regardless of age. Thus, where such individuals are under 70
years and do not hold a full medical card, a rate of 10% applies to such income and where
such individuals are aged over 70 years or hold a full medical card, a rate of 7% applies.

Exempt Categories:

   •   Where an individual’s total income for a year does not exceed €4,004

   •   All Dept of Social Protection payments

   •   Income already subject to DIRT

   •   Income from sources listed in Appendix B of      Universal Social Charge FAQs
       (PDF, 330KB)

   USC Certificate 2011 (PDF, 1.47MB)


Further Information
If you are a PAYE customer your tax affairs are now dealt with in the region where you
live. Check our contact details for more information.

If you are calling from outside the Republic of Ireland phone +353-1-7023011.
If you are taxed under the Self Assessment system you may contact the Revenue office
shown on your notice of assessment.

TB Supplement September 2011                                  11
Forms and Leaflets

To request any Revenue Form or Leaflet LoCall 1890 306 706 (ROI only), +353 1
7023050 (from abroad), visit any Revenue Office or see: Leaflets and Forms.
Please note that the rates charged for the use of 1890 (LoCall) numbers may vary among
different service providers.


Accessibility

If you are a person with a disability and require this leaflet in an alternative format the
Revenue Access Officer can be contacted at: accessofficer@revenue.ie


PAYE Anytime
The quickest and easiest way to keep your tax up to date is to use PAYE Anytime. PAYE
Anytime is an internet system that lets you do business with Revenue electronically 365
days a year. You must register first. Registration is quick and easy. See PAYE Anytime for
more information.




TB Supplement September 2011                                     12
Stamp Duty

Stamp duties fall into two main categories:

   1. Duties payable on a wide range of legal and commercial documents, including (but
      not limited to) conveyances of property, leases of property, share transfer forms and
      certain agreements. Depending on the nature of the document, the duty is either ad
      valorem or of fixed amount. Prior to 31 December 2009, the duties in this category
      were denoted by means of stamps affixed to or impressed on the document.
      Following the introduction of the eStamping system, all instruments must be
      stamped by means of attaching the stamp certificate, obtained under the eStamping
      system, to the instrument. Information, help text and guidelines on the eStamping
      System.

   2. Duties and levies payable by reference to statements. These duties and levies
      mainly effect banks and insurance companies and include a duty in respect of
      financial cards (e.g. Credit, ATM, Laser and Charge cards) and levies on certain
      insurance premiums and certain statements of interest. Information leaflet in
      relation to financial cards.

Tax & Duty Manuals - Section 16 FOI Act

   Pension Levy - Information regarding filing and payment (PDF, 15.5KB)


Property

Residential Property
The most common charge to stamp duty that affects individuals is the stamp duty on the
purchase of houses and apartments. The amount of stamp duty payable depends on the
price paid (or the market value where the price paid is less than market value) for the
property.


Example 1

House/apartment
Consideration: €1,200,000
Stamp duty payable = €14,000
[(€1,000,000 @ 1%) + (€200,000 @ 2%)]


Example 2

House/apartment
Consideration: €125,000
Stamp duty payable = €1,250
[€125,000 @ 1%]




TB Supplement September 2011                                 13
Aggregation
Aggregation applies in determining the stamp duty liability where a transaction forms part
of a larger transaction or of a series of transactions involving residential property. The
stamp duty liability is calculated on the basis of the aggregate consideration. The duty is
then apportioned between the separate properties that are transferred by separate
instruments and the apportionment is pro rata to the consideration for each property.


Example 3

Two houses are purchased for a total of €1,200,000 (€800,000 for House A and €400,000
for House B).
Stamp duty is calculated on the aggregate consideration of €1,200,000.
Aggregate Consideration = €1,200,000
Stamp duty payable: €14,000

[Apportionment of duty between House A and House B is as follows:
House A (€14,000 x €800,000) / €1,200,000 = €9,333
House B (€14,000 x €400,000) / €1,200,000 = €4,667]


Finance Act 2011

Finance Act 2011 confirmed the changes to the stamp duty regime, which the Minister for
Finance announced in his Budget speech on the 7 December 2010. These changes
included a new rates schedule for stamp duty on residential property and the abolition of
certain reliefs and exemptions on residential property. The following residential property
reliefs were abolished with effect from 8 December 2010:

   •   Section 91A of the Stamp Duties Consolidation Act 1999 – Exemption for purchase
       of a new house/apartment not exceeding 125 square metres by an owner-occupier.
   •   Section 92 of the Stamp Duties Consolidation Act 1999 – Exemption for purchase of
       a new house/apartment where the floor area exceeds 125 square metres by an
       owner-occupier.
   •   Section 92B of the Stamp Duties Consolidation Act 1999 – Exemption for purchase
       of a house/apartment by a first-time buyer.
   •   Consanguinity relief on residential property.


Transitional arrangements

Transitional arrangements will apply where, as a result of the new rates or the termination
of the reliefs or exemptions, a taxpayer is disadvantaged compared to the stamp duty
treatment applicable prior to 8 December 2010. The transitional arrangements will apply
where an instrument is executed on or after 8 December 2010 and before 1 July 2011
solely in pursuance of a binding contract that had been entered into prior to 8 December
2010.

To avail of the benefit of the transitional arrangements, the instrument should contain the
following certificate



TB Supplement September 2011                                  14
"It is hereby certified that this instrument was executed solely in pursuance of a binding
contract entered into prior to 8 December 2010".


Example 4

First-time buyer, entered into a binding contract to purchase a property for €500,000
before the 8 December 2010. The deed transferring the property is executed before the 1
July 2011.
Stamp duty payable = Nil as first time buyer relief is available.


Example 5

Owner-occupier, entered into a binding contract to purchase a newly built house for
€500,000 before the 8 December 2010. The deed transferring the property is executed on
the 30 June 2011.
Stamp duty payable = Nil as owner occupier relief is available.


Example 6

Owner-occupier, entered into a binding contract to purchase a newly built house for
€500,000 before the 8 December 2010. The deed transferring the property is executed on
the 30 July 2011.
Stamp duty payable = €5,000
[€500,000 @ 1%]
Note that clawback provisions will continue to apply to transfers where FTB or OO relief
claimed.


Clawback

Where stamp duty relief is claimed, a clawback arises if rent is obtained from the letting of
the house or apartment within a period of 2 years from the date of the conveyance or
transfer, other than under rent a room arrangements. The clawback amounts to the
difference between the higher stamp duty rates and the duty paid and it becomes payable
on the date that rent is first received from the property. A clawback will not arise where the
property is sold to an unrelated third party during the 2-year period.

   Form to notify Revenue of receipt of rent


Example 7

First-time buyer, entered into a binding contract to purchase a property for €500,000
before the 8 December 2010. The deed transferring the property is executed before the 1
July 2011.
Stamp duty payable = Nil as first time buyer relief is available.
Property is rented out within two years of the date of the deed.
Clawback payable: €5,000
[€500,000 @ 1%]

TB Supplement September 2011                                   15
Example 8

First-time buyer, entered into a binding contract to purchase a property for €500,000
before the 8 December 2010. The deed transferring the property is executed before the 1
July 2011.
Stamp duty payable = Nil as first time buyer relief is available.
Property is rented out two years after the date of the deed.
Clawback payable: €0 as after two year period.


Non-residential property

Non-residential property includes all types of property other than residential property,
stocks or marketable securities and policies of insurance or life insurance.
Rates of stamp duty on non-residential property.


Example 9

Commercial unit
Consideration: €90,000
Stamp duty payable: €5,400
[€90,000 @ 6%]


Purchase of a site

Where an individual purchases a site with no connected agreement to build a house or
apartment, the transfer of the site is chargeable at the appropriate rate for non-residential
property.


Example 10

Site
Consideration : €50,000
Stamp duty payable: €2,000
[€50,000 @ 4%]

Where an individual purchases a site in connection with, or as part of, an arrangement to
build a house or apartment on that site then stamp duty will be charged on the aggregate
amount of the site cost and the building cost at the appropriate residential property rate.


Example 11

Site with connected building agreement for a house or apartment
Site cost €50,000
Building cost €165,000
Aggregate cost: €215,000
Stamp duty payable: €2150
[€215,000 @ 1%]

TB Supplement September 2011                                   16
Site to child relief

Finance Act 2011 abolished section 83A of the Stamp Duties Consolidation Act 1999
which provided for a stamp duty relief on the transfer of a site from a parent to a child.


Mixed property

Where a transaction relates to a mixed property, the consideration must be apportioned
between the residential and non-residential elements. The residential property is not
aggregated with the non-residential portion for the purposes of determining the appropriate
rate of stamp duty.

   The Apportionment form (PDF, 89KB) is available on the Revenue website.


Example 12

Shop with connected apartment
Consideration: €1,200,000
Apportioned: Shop = €900,000 + Apartment = €300,000
Stamp duty payable: €57,000
[(€900,000 @ 6%) + (€300,000 @ 1%)]


VAT and stamp duty

Stamp duty is assessed on the VAT exclusive consideration, Sections 48 and 56 of the
Stamp Duties Consolidation Act 1999 provide that the chargeable consideration for stamp
duty purposes is to exclude any VAT chargeable under Section 2 of the VAT Act 1972 on
the sale or lease.

Where VAT is included in the consideration, it should be deducted before calculating the
charge or rate of stamp duty.


Gifts

A transfer by way of gift is chargeable the same way as a transfer on sale, with the market
value of the property being substituted for the consideration.




TB Supplement September 2011                                    17
Leases

A lease is chargeable to stamp duty on both the premium (or fine) and the rent payable
under the lease.

The duty chargeable on the premium is at the rate for residential or non-residential
property as appropriate.

Residential and Non-Residential Property                        Rate
Lease for a term not exceeding 35 years or for any indefinite   1% of the average annual
term                                                            rent
Lease for a term exceeding 35 years but not exceeding 100       6% of the average annual
years                                                           rent
                                                                12% of the average annual
Lease for a term exceeding 100 years
                                                                rent

A lease of a house or apartment for a term not exceeding 35 years or for any indefinite
term and where the rent does not exceed €30,000 per annum is exempt from stamp duty.


Certificates required in deeds

For deeds executed before 8 December 2010, please see           leaflet SD10A (PDF,
292KB).

For deeds executed after 8 December 2010, please see         leaflet SD10B (PDF, 130KB).

There is also an easy-to-use electronic Guide to the certificates to be included in
instruments for most residential and non-residential property transactions. The electronic
guide is available on the Revenue website: Certificates required in deeds.


Contact details

For further information, please contact:
The Stamping Office,
New Stamping Building,
Dublin Castle,
Dublin 2
Lo-call: 1890 48 25 82
email: dublinstamp@revenue.ie
Updated February 2011




TB Supplement September 2011                                    18
Current Rates of Duty on Residential Property

The rates of duty applicable for residential property (whether new or second-hand) are as
follows:

Rates of duty for deeds executed on or after 8 December 2010
Aggregate Consideration                       Rate of Duty
First €1,000,000                              1%
Excess over €1,000,000                        2%


Example 1:

Consideration = €350,000
Rate Breakdown - €350,000 @ 1%
Total Duty Payable = €3,500


Example 2:

Consideration = €1,850,000
Rate Breakdown - €1,000,000 @ 1%, €850,000 @ 2%
Total Duty Payable = €27,000


Current Rates of Duty on Non-Residential Property

Non-Residential Property is any property other than residential property, stocks or
marketable securities or policies of insurance. It includes (but is not limited to) sites,
offices, factories, other business premises, shops, public houses, land and goodwill
attaching to a business.

For instruments executed after 15 October 2008
Aggregate Consideration         Rate of Duty
Up to €10,000                   Exempt
€10,001 to €20,000              1%
€20,001 to €30,000              2%
€30,001 to €40,000              3%
€40,001 to €70,000              4%
€70,001 to €80,000              5%
Over €80,000                    6%

Aggregation continues to apply in determining the stamp duty liability where a transaction
forms part of a larger transaction or of a series of transactions involving non-residential
property. Accordingly, where the chargeable consideration is less than €80,000, the
instrument should contain the normal certificate** reciting the appropriate threshold.
However, where the top rate of 6% is payable there is no requirement to include a
certificate in the instrument.

TB Supplement September 2011                                     19
** It is hereby certified that the consideration (other than rent) for the sale/lease is wholly
attributable to property which is not residential property and that the transaction effected
by this instrument does not form part of a larger transaction or of a series of transactions in
respect of which the amount or value, or the aggregate amount or value, of the
consideration (other than rent) which is attributable to property which is not residential
property exceeds €10,000/€20,000/€30,000/€40,000/€70,000/€80,000.


Former Rates of Stamp Duty


Residential Property

Instruments executed on or after 5 November 2007 and before 8 December 2010
Aggregate Consideration exceeds     Rate for instruments executed on or after 5
€127,000*                           November 2007
First €125,000                      Nil
Next €875,000                       7%
Excess over €1,000,000              9%

   •   Transactions, where the consideration (or the aggregate consideration) does not
       exceed €127,000, are exempt from stamp duty.
   •   First time buyers and owner occupiers can avail of stamp duty exemption/relief.


Non-residential property

For instruments executed before 15 October 2008
Aggregate Consideration         Rate of Duty
Up to €10,000                   Exempt
€10,001 - €20,000               1%
€20,001 - €30,000               2%
€30,001 - €40,000               3%
€40,001 - €70,000               4%
€70,001 - €80,000               5%
€80,001 - €100,000              6%
€100,001 - €120,000             7%
€120,001 - €150,000             8%
Over € 150,000                  9%




TB Supplement September 2011                                   20
Residential Property

Instruments executed on or after 31 March 2007 and before 5 November 2007
Aggregate Consideration                               Full Rate
Up to €127,000                                         Exempt
€127,000 - 190,500                                    3%
€190,501 - 254,000                                    4%
€254,001 - 317,500                                    5%
€317,501 - 381,000                                    6%
€381,001 - 635,000                                    7.5%
Over €635,000                                         9%

   •   Full exemption from stamp duty for first time buyers for deeds executed on or after
       31 March 2007.


Residential Property

For instruments executed on or after 2 December 2004 and before 31 March 2007
Aggregate Consideration                First Time Buyer         Full Rate
Up to €127,000                         Exempt                   Exempt
€127,000 - 190,500                     Exempt                   3%
€190,501 - 254,000                     Exempt                   4%
€254,001 - 317,500                     Exempt                   5%
€317,501 - 381,000                     3%                       6%
€381,001 - 635,000                     6%                       7.5%
Over €635,000                          9%                       9%


Changeover to € on 1 January 2002 - Residential Property

Aggregate Consideration   First Time Buyer   Full Rate
Up to €127,000            Exempt             Exempt
€127,000 - 190,500        Exempt             3%
€190,501 - 254,000        3%                 4%
€254,001 - 317,500        3.75%              5%
€317,501 - 381,000        4.5%               6%
€381,001 - 635,000        7.5%               7.5%
Over €635,000             9%                 9%




TB Supplement September 2011                                 21
Changeover to € on 1 January 2002 - Non- Residential Property

Aggregate Consideration   Rate of Duty
Up to €6,350              Exempt
€6,351 - 12,700           1%
€12,701 - 19,050          2%
€19,051 - 31,750          3%
€31,751 - 63,500          4%
€63,501 - 76,200          5%
Over €76,200              6%


6 December 2001 - Residential Property

Aggregate Consideration   First Time Buyer   Full Rate
Up to £100,000            Exempt             Exempt
£100,001 - 150,000        Exempt             3%
£150,001 - 200,000        3%                 4%
£200,001 - 250,000        3.75%              5%
£250,001 - 300,000        4.5%               6%
£300,001 - 500,000        7.5%               7.5%
Over £500,000             9%                 9%


27 January 2001 - Residential Property

Aggregate Consideration   First Time Buyer   Owner/Occupier   Investor(New)   Investor(2nd)
Up to £100,000            Nil                Nil              3%              9%
£100,001-150,000          Nil                3%               3%              9%
£150,001-200,000          3%                 4%               4%              9%
£200,001-250,000          3.75%              5%               5%              9%
£250,001-300,000          4.5%               6%               6%              9%
£300,001-500,000          7.5%               7.5%             7.5%            9%
Over £500,000             9%                 9%               9%              9%




TB Supplement September 2011                                  22
15 June 2000 - Residential Property

Aggregate Consideration   First Time Buyer   Owner Occupier   Investor
Up to £100,000            Nil                Nil              9%
£100,001-150,000          Nil                3%               9%
£150,001-200,000          3%                 4%               9%
£200,001-250,000          3.75%              5%               9%
£250,001-300,000          4.5%               6%               9%
£300,001-500,000          7.5%               7.5%             9%
Over £500,000             9%                 9%               9%


23 April 1998 - Residential Property

Aggregate Consideration   Rate
Up to £60,000             Nil
£60,001 - 100,000         3%
£100,001- 170,000         4%
£170,001- 250,000         5%
£250,001- 500,000         7%
Over £500,000             9%


23 January 1997

Transition period: Contract dated prior to 23 January 1997 subsequent deed dated on or
before 30 April 1997

Aggregate Consideration   Rate
Up to £5,000              Nil
£5,001-10,000             £1.00 per £100 or part thereof
£10,001- 15,000           £2.00 per £100 or part thereof
£15,001- 25,000           £3.00 per £100 or part thereof
£25,001- 50,000           £4.00 per £100 or part thereof
£50,001- 60,000           £5.00 per £100 or part thereof
Over £60,000              £6.00 per £100 or part thereof




TB Supplement September 2011                                  23
Residential Property

Aggregate Consideration   Rate
£150,001 - 160,000        £7 per £100 or part thereof
£160,001 - 170,000        £8 per £100 or part thereof
Over £170,000             £9 per £100 or part thereof


1 September 1990

A separate head of charge covering conveyances or transfers on sale of certain policies of
insurance and policies of life insurance was created in 1992

Aggregate Consideration   Rate
Up to £5,000              Nil
£5,001- 10,000            £1.00 per £100 or part thereof
£10,001- 15,000           £2.00 per £100 or part thereof
£15,001- 25,000           £3.00 per £100 or part thereof
£25,001- 50,000           £4.00 per £100 or part thereof
£50,001- 60,000           £5.00 per £100 or part thereof
Over £60,000              £6.00 per £100 or part thereof


28 January 1988

Aggregate Consideration   Rate
Up to £1,000              Nil
£1,001 - 2,000            25p per £50 or part thereof
£2,001 - 6,000            50p per £50 or part thereof
£6,001 - 7,500            See list aside*
£7,501- 10,000            £1.00 per £50 or part thereof
£10,001- 20,000           £1.50 per £50 or part thereof
£20,001- 50,000           £2.00 per £50 or part thereof
£50,001-60,000            £2.50 per £50 or part thereof
Over £60,000              £3.00 per £50 or part thereof




TB Supplement September 2011                                24
14 May 1975

17 July 1982: ½ rate introduced for relatives where consideration exceeds £1,000.

Aggregate Consideration   Rate
Up to £1,000              Nil
£1,001 - 2,000            25p per £50 or part thereof
£2,001 - 6,000            50p per £50 or part thereof
£6,001 - 7,500            (see list aside)
£7,501- 10,000            £1.00 per £50 or part thereof
£10,001- 20,000           £1.50 per £50 or part thereof
£20,001- 50,000           £2.00 per £50 or part thereof
Over £50,000              £3.00 per £50 or part thereof


4 August 1973

1949 - 16 July 1982: 1% for relatives where consideration exceeds £6,000.

Aggregate                                              *List of scale rates 04.08.1973 -
                        Rate
Consideration                                          01.08.1990
Up to £1,000            Nil
                        25p per £50 or part
£1,001 - 2,000                                         £6,001- 6,250                 £70
                        thereof
                        50p per £50 or part
£2,001 - 6,000                                         £6,251-6.500                  £80
                        thereof
£6,001 - 7,500          (*see scale rate list aside)   £6,501-6,750                  £90
                        £1.00 per £50 or part
£7,501- 10,000                                         £6,751-7,000                  £100
                        thereof
                        £1.50 per £50 or part
£10,001- 50,000                                        £7,001-7,250                  £110
                        thereof
                        £2.50 per £50 or part
Over £50,000                                           £7,251-7,500                  £120
                        thereof


7 May 1969

Scale rate (0.5% to 2%) up to £2,500
1% for relatives (grant houses exempt)
2% up to £6,000
3% up to £50,000
Reduced scale rate under £500




TB Supplement September 2011                                     25
1 August 1951

Scale rate (0.5% approx) to £500
1% for grant approved and relatives
Scale rate (1% to 3%) up to £1,000


1 December 1947

Scale rate (0.5% approx) to £500
1% for grant approved and relatives
Scale rate (1% to 3%) up to £1,000


29 April 1910

Scale rate (0.5% approx) to £500


1 January 1892

Scale rate (0.5% approx) to £300


Stocks and Marketable Securities


Share Transfer Forms

A transfer of stock or marketable securities of any company incorporated in the State is
liable to stamp duty at 1% of the consideration paid. Where the transfer takes place
electronically through the CREST system a 1% charge also arises.


Share Transfer Forms where the consideration is €1,000 or less

The Finance (No.2) Act 2008, which was enacted on 24 December 2008, includes the
following provision in section 87 which has been introduced in order to reduce the
administrative burden on taxpayers and their agents by removing certain low yielding
instruments from the stamping process.

Any instrument executed on or after 24 December 2008 which transfers stock or
marketable securities on sale where the amount or value of the consideration is €1,000 or
less, is exempt from stamp duty. To avail of the exemption (from the maximum stamp duty
charge of €10) the instrument must be certified as follows:

"It is hereby certified that the transaction effected by this instrument does not form part of a
larger transaction or of a series of transactions in respect of which the amount or value, or
the aggregate amount or value, of the consideration which is attributable to stocks or
marketable securities exceeds €1,000."




TB Supplement September 2011                                    26
The certificate should be inserted on the stock transfer form and signed by the transferee.
Where the stock transfer form is duly certified, the form will not need to be presented to
Revenue for stamping and should be forwarded directly to the company registrar (i.e. the
person who maintains the share register of the company and not the Registrar of
Companies).

A similar treatment will apply in relation to an instrument which, operates as a gift of stocks
or marketable securities with the substitution of the value of the stocks or marketable
securities for the amount or value of the consideration for the sale.

Where the consideration for a particular transfer of stocks or marketable securities is
€1,000 or less but the transfer does form part of a larger transaction or of a series of
transactions in respect of which the amount or value, or the aggregate amount or value, of
the consideration which is attributable to stocks or marketable securities exceeds €1,000,
the instrument will be chargeable to ad valorem stamp duty at 1% and must be submitted
to Revenue for stamping. The same applies to a gift in similar circumstances with the
substitution of the value of the stocks or marketable securities for the amount or value of
the consideration for the sale.

The change does not affect electronic transfers of stocks or marketable securities.
Accordingly, ad valorem stamp duty at 1% will continue to be chargeable on transfers
effected in CREST regardless of the amount or value of the consideration for the sale
concerned.




TB Supplement September 2011                                    27
Reliefs & Exemptions in the Stamp Duties Consolidation Act 1999 (SDCA)

                                                         Further
Section    Relief
                                                         information/requirements
                                                            ADJN6 (PDF, 65KB) - Draft
        Intragroup transactions - conveyances or
Section                                                  Statutory Declaration
        transfers - exempt. This relief does not apply
79 SDCA                                                     Part 7.2 Stamp duty work
        to leases
                                                         manual (PDF, 143KB)
                                                         Section 80 relief – documentary
                                                         requirements
                                                            Share for Undertaking (PDF,
Section Certain company reconstructions and              27KB)
80 SDCA amalgamations – exempt                              Share for Share (PDF,
                                                         26KB)
                                                            Part 7.3 Stamp duty work
                                                         manual (PDF, 143KB)
Section
80A        Demutualisations of assurance companies         Part 7.4 Stamp duty work
SDCA                                                     manual (PDF, 143KB)

Section                                                    Leaflet SD2B (PDF, 254KB)
81AA       Young trained farmer exemption                  Part 7.5 Stamp duty work
SDCA                                                     manual (PDF, 143KB)
                                                            Leaflet SD81C (PDF,
Section
                                                         176KB)
81C        Farm Consolidation Relief
SDCA                                                        Part 7.6 Stamp duty work
                                                         manual
Section Charities - conveyance/transfer/lease of land -   Part 7.7 Stamp duty work
82 SDCA exempt                                          manual (PDF, 143KB)
Section
82A     Donations to approved bodies                      Part 7.8 Stamp duty work
SDCA                                                    manual (PDF, 143KB)
Section Approved Sports Bodies - Exemption from
82B     stamp duty on acquisitions of land by an          Part 7.9 Stamp duty work
SDCA    approved sports body                            manual (PDF, 143KB)
Section
        Certain Family Transfers - Exemption from         Part 7.11 Stamp duty work
83B
        stamp duty on certain transfers of farmland     manual (PDF, 143KB)
SDCA
                                                        ADJN120 - Woodlands
Section Commercial woodlands - duty not chargeable Exemption Form (PDF, 77KB)
95 SDCA on the value of the trees growing on the land   Part 7.20 Stamp duty work
                                                      manual (PDF, 143KB)
Section Transfers of property between spouses -            Part 7.21 Stamp duty work
96 SDCA exempt                                           manual (PDF, 143KB)
        Transfer of property between divorced
Section                                                    Part 7.22 Stamp duty work
        couples on foot of certain orders made by
97 SDCA                                                  manual (PDF, 143KB)
        Irish or foreign courts - exempt

TB Supplement September 2011                               28
                                                              Further
Section     Relief
                                                              information/requirements
Section
101         Intellectual property                               Part 7.23 Stamp duty work
SDCA                                                          manual (PDF, 143KB)
Section
            Sale, transfer or other disposition of an EU        Part 7.24 Stamp duty work
101A
            Single Farm Payment Entitlement                   manual (PDF, 143KB)
SDCA
Section
            Housing Authorities and Affordable Homes            Part 7.25 Stamp duty work
106B
            Partnership                                       manual (PDF, 143KB)
SDCA
Section
111         Oireachtas Funds                                    Part 7.26 Stamp duty work
SDCA                                                          manual (PDF, 143KB)
Section
113         Miscellaneous instruments                           Part 7.27 Stamp duty work
SDCA                                                          manual (PDF, 143KB)



Consanguinity relief

This relief applies to transfers of non-residential property to certain relatives, e.g. parent,
grandparent, step-parent, child, foster-child, adopted child, brother, sister, half-
brother/sister, aunt, uncle, niece, nephew. Duty is charged at half the normal rate. This
relief does not apply to leases or transfers of shares. Finance Act 2011 confirmed that
consanguinity relief would no longer apply to transfers of residential property with effect
from 8 December 2010.


Miscellaneous
Other Items Liable to Stamp Duty

Financial Cards (ATM, Laser, Credit card)
Bills of Exchange (including cheques): €0.50


Policies of Insurance (Non-Life)
Per Policy:€1


Non-Life Insurance Levy on premiums

Section 125 of the SDCA imposes a levy of 3% on the gross amount received by an
insurer in respect of certain non-life insurance premiums. The exceptions are re-insurance,
voluntary health insurance, marine, aviation and transit insurance, export credit insurance
and certain dental insurance contracts.

The 3% levy applies to premiums received on or after 1 June 2009 in respect of offers of
insurance or notices of renewal of insurance issued by an insurer on or after 8 April 2009.

TB Supplement September 2011                                     29
In relation to notices of renewal or offers of insurance issued prior to 8 April 2009, a 2%
levy applies.


Life Assurance Levy on premiums

Section 124B of the SDCA provides for a levy of 1% on life assurance premiums. For each
quarter, commencing with the quarter ending on 30 September 2009, an insurer must
deliver to the Revenue Commissioners a statement showing the assessable amount for
the insurer for the quarter. The statement must be accompanied by the amount of stamp
duty payable.


Levy on health insurers

Finance Act 2011 amended section 125A of the SDCA to provide for an increased levy on
health insurers. The increased levy applies to all renewals and new contracts entered into
from 1 January 2011, at the rate of €66 in respect of each insured person aged less than
18 years and €205 in respect of each insured person aged 18 years or over.



eStamping
Information, help text and guidelines on the new eStamping system

   •   Frequently Asked Questions

   •   Guidance Notes

   •   Publications

   •   Mandatory eFiling for Stamp Duty

   •   Tax Reference Numbers


Frequently Asked Questions

   •   eStamping - FAQs


Guidance Notes

   •   Quick Guide to eStamping

   •   Additional Guidance Notes on eStamping

   •   eStamping User Guide for Revenue Online Service (ROS)

   •   Completing Returns for the transactions involving Contracts or Agreementsunder
       Section 31 SDCA1999

TB Supplement September 2011                                   30
   •   Completing the online Stamp Duty return for CRO Form B6 (Form 52)

   •   Category of Instruments

   •   Stamp Duty Forms post eStamping

       Helptext on completing eStamping Return Form SDR1
       Helptext on completing eStamping Return Form SDR2
       Helptext on completing eStamping Return Form SDR3


Publications

   •   Guide to eStamping

   •   New System for Stamping Instruments and making Stamp Duty Payments

   •   Public Notice on transitional arrangements for eStamping




TB Supplement September 2011                                31
Residential Property Tax
The tax was abolished with effect for all valuation dates beginning on or after 5 April 1997.
Residential property tax was an annual tax chargeable on the market value of residential
property owned and occupied on a valuation date which is 5 April each year.

   •    Market Value Exemption Threshold 5 April 2006

   •    Rates

   •    Reference Material

   •    Further information


Market Value Exemption Threshold 5 April 2006

The Market Value Exemption Threshold 5 April 2006 is €1,389,000. While Residential
Property Tax was abolished with effect from 5th April 1997, a Clearance Certificate
procedure remains in place in relation to the sale of certain residential properties to assist
the Revenue Commissioners to collect outstanding tax.

The value threshold relating to the Residential Property Tax Certificate of Clearance has
been increased to €1,389,000 in accordance with the "indexation" provisions in the
legislation (Section 100 Finance Act 1983, as amended).

The new threshold, which relates exclusively to the tax clearance procedure, applies to
house sale contracts executed on or after 5th April 2006. From that date, where the sale
consideration for residential property exceeds €1,389,000 the vendor must provide the
purchaser with a Certificate from the Revenue Commissioners indicating that all
Residential Property Tax due for years for which the tax was in operation has been
paid. In the absence of the certificate the purchaser is obliged to withhold a specified
amount from the sale consideration and remit same to the Revenue Commissioners
(Section 110A Finance Act 1983, as amended).


Rates

The tax was charged at the rate of 1.5% on the excess of the market value of all relevant
residential properties of a person over a market value exemption limit and was payable
provided the income of the household exceeded an income exemption limit. The tax was
abolished with effect for all valuation dates beginning on or after 5 April 1997.

Reference Material

   •    Leaflet RP2 - Notes on Residential Property Tax
   •    Leaflet RP4 - Review and Appeal Procedures
   •    Leaflet RP5 - Certificates of Clearance

The leaflets above were accurate at the time of publication



TB Supplement September 2011                                    32
Section 118 amended Section 110a of the Finance Act 1983 and abolished the
Clearance Certificate Scheme for Sales of Residential Property completed on or
after 1 February 2007.


Further information

Contact your local Revenue Office. The contact locator is the quickest way to get the
contact details for your local Revenue office.

Tax & Duty Manuals - Section 16 FOI Act




TB Supplement September 2011                                 33
VAT

How do I register for VAT?

To register for VAT, you need to complete a     Form TR1 (PDF, 240KB) (if you are an
individual, partnership or unincorporated body) or a  Form TR2 (PDF, 410KB) if you are
a company. The form, when completed, should be forwarded to your local Revenue
District.

Special care should be taken, when completing the form, to include your name, address,
PPSN, business type and the relevant tax types. The form must also be signed and dated.
Make sure to include a contact phone number with the form when sending it in. This will
enable the office to contact you with any queries regarding the information on the form.


Who must register for VAT?

A trader is generally required to register for VAT for making supplies of goods and/or
services, subject to his or her turnover exceeding certain thresholds. The most common
are €37,500 for the supply of services, and €75,000 for the supply of goods. Some traders
are generally not required to register for VAT, although they may choose to do so. These
include traders whose turnover does not exceed the thresholds above, and also farmers.
Traders engaged in exempt activities are not permitted to charge VAT. However, they
may, in common with farmers, Government Departments and other bodies be required to
register for VAT, in order to account for VAT on services or goods received from suppliers
outside Ireland.


What is the turnover threshold for VAT registration?

The principal thresholds applicable are as follows:

   (a) €37,500 in the case of persons supplying services,
   (b) €37,500 for persons supplying goods liable at the reduced or standard rates which
       they have manufactured or produced from zero rated materials,
   (c) €37,500 for persons making mail-order or distance sales into the State,
   (d) €41,000 for persons making intra-Community acquisitions,
   (e) €75,000 for persons supplying goods,
   (f) €75,000 for persons supplying both goods and services where 90% or more of the
       turnover is derived from supplies of goods (other than of the kind referred to at (b)
       above) and
   (g) A non-established person supplying taxable goods or services in the State is
       obliged to register and account for VAT irrespective of the level of turnover.

A taxable person established in the State is not required to register for VAT if his or her
turnover does not reach the appropriate threshold above. However, they may opt to
register for VAT.




TB Supplement September 2011                                   34
I am a flat rate farmer and I am going to buy a combine harvester in the UK. Do I
have to register for VAT?

Yes, if the cost of the machine exceeds €41,000 you are obliged to register for VAT in
Ireland in respect of your EU acquisitions only. However you may retain your flat rate
status in respect of your normal farming activities. You must pay VAT on the cost of the
machine at the standard rate and you are not entitled to take a deduction.


I am established in Ireland and only supply services to customers abroad which
are taxable where received. Do I have to register for VAT?

From 1/01/2010 most services are taxable where received (New Intra-Community VAT
Rules on Place of Supply for Services). If you only supply services that are taxable where
received you do not have to register for VAT. In fact, traders established in the State who
make no taxable supplies in the State, but only supply services that are taxable where
received outside the State, are strictly speaking not entitled to register for VAT. However,
these traders would then be obliged to recover any VAT incurred in Ireland through
Council Directive 2008/9/EC or 13th Directive repayment claim (Repayments to
Unregistered Persons).

In order to facilitate these traders in recovering VAT, Revenue allows them to apply for
VAT registration in the State. The traders should then reclaim any VAT incurred in Ireland
in their periodic VAT return, rather than through the Unregistered VAT Repayments
Branch.

Traders who are already registered in respect of the provision of services in the State
should similarly recover all VAT incurred in relation to services supplied abroad that are
taxable where received in their normal VAT return.

Current & Historic Rates of VAT

   •   Rate Change - Jobs Initiative 2011
   •   VAT Rates (Current and Historic)
   •   Abolished/Repealed VAT Rates
   •   VAT Rate Subject Index
   •      VAT Rates Chapter 16 of the VAT Guide 2008
   •      European VAT Rates
   •      How VAT is applied following a change in VAT Rates Chapter 18 of the VAT
       Guide 2008




TB Supplement September 2011                                   35
VAT Rates (Current and Historic)


    Date                                      Second
               Standard        Reduced                     Farmers' flat-
  Effective                                   Reduced                            Livestock (%)
               Rate (%)        Rate (%)                  rate addition (%)
    From                                      Rate (%)
1 July 2011   21           13.5           9              5.2                 4.8
1 January
              21           13.5                          5.2                 4.8
2010
1 December
              21.5         13.5                          5.2                 4.8
2008
1 January
              21           13.5                          5.2                 4.8
2007
1 January
              21           13.5                          4.8                 4.8
2005
1 January
              21           13.5                          4.4                 4.4
2004
1 January
              21           13.5                          4.3                 4.3
2003
1 March
              21           12.5                          4.3                 4.3
2002
1 January
              20           12.5                          4.3                 4.3
2001
1 March
              21           12.5                          4.2                 4.2
2000
1 March
              21           12.5                          4.0                 4.0
1999
1 March
              21           12.5                          3.6                 3.6
1998
1 March
              21           12.5                          3.3                 3.3
1997
1 March
              21           12.5                          2.8                 2.8
1996
1 March
              21           12.5                          2.5                 2.5
1993
1 March
              21           16             12.5           2.7                 2.7
1992
1 March
              21           12.5                          2.3                 2.3
1991
1 March
              23           10                            2.3                 2.3
1990
1 March
              25           10             5              2                   2
1989
1 March
              25           10             5              1.4                 1.4
1988
1 May 1987    25           10                            1.7                 1.7

TB Supplement September 2011                                   36
    Date                                    Second
                Standard       Reduced                       Farmers' flat-
  Effective                                 Reduced                                Livestock (%)
                Rate (%)       Rate (%)                    rate addition (%)
    From                                    Rate (%)
1 March
               25          10                              2.4                 2.4
1986
1 March
               23          10                              2.2                 2.2
1985
1 May 1984     35          23             5,8,18           2                   2
1 July 1983    35          23             5,18             2                   2
1 May 1983     35          23             5,18             2.3                 2.3
1 March
               35          23             5,18             2.3                 2.3
1983
1 May 1982     30          18                              1.8                 1.8
1 September
               25          15                              1.5                 1.5
1981
1 May 1980     25          10                              1                   1
1 March
               20          10                              1                   1
1979
1 March
               20          10                              Discontinued        Discontinued
1976
                                                           Suspended in        Suspended in
1 March
               19.5        6.75                            relation to live    relation to live
1975
                                                           cattle              cattle
3 September
            19.5           6.75                            1                   1
1973
1 November
            16.37          5.26                            1                   1
1972



Abolished / Repealed VAT Rates

Increased Rates (Discontinued with effect from 1 March 1979)

Effective       Applied to radios, TV sets,        Applied to passenger
From            record players and records         Motor vehicles
1 March 1976    40                                 35
1 March 1975    36.75                              36.75
3 September     36.75                              36.75
1973
1 November      30.26                              30.26
1972

The standard rate applied to these goods from 1 March 1979.




TB Supplement September 2011                                       37
Special Rates

A special rate of 11.11% applied to dances from 1 November 1972 was abolished on 1
March 1976.

A special rate of 10% which continued in relation to domestic dwelling development
contracts entered into before 25 February 1993 was repealed on 23 November 2010.


Rate Change – Jobs Initiative 2011
Introduction of a second Reduced VAT Rate with effect from 1 July 2011

The Minister for Finance has announced that a second reduced VAT rate of 9% will be
introduced in respect of certain goods and services (mainly related to tourism) for the
period 1 July 2011 to 31 December 2013. The 9% rate applies to restaurant and catering
services; hotel and holiday accommodation; admissions to cinemas, theatres, certain
musical performances, museums and art gallery exhibitions; fairgrounds or amusement
park services; the use of sporting facilities; hairdressing services; printed matter such as
brochures, maps, programmes, leaflets, catalogues and newspapers.
This measure will be provided for in the forthcoming Finance (No. 2) Bill 2011.

Supplies of goods and services at the new 9% rate:

   •   the supply of food and drink (excluding alcohol and soft drinks) in the course of
       catering or by means of a vending machine (See footnote 1)
   •   hot take-away food and hot drinks
   •   hotel lettings, including guesthouses, caravan parks, camping sites etc
   •   admissions to cinemas, theatres, certain musical performances, museums, art
       gallery exhibitions
   •   amusement services of the kind normally supplied in fairgrounds or amusement
       park services
   •   the provision of facilities for taking part in sporting activities by a person other than a
       non-profit making organisation
   •   printed matter e.g. newspapers, brochures, leaflets, programmes, maps,
       catalogues, printed music (excluding books)
   •   hairdressing services (Note: beauty treatments:- for example, facials, massages,
       nail treatments, tanning or sunbed services etc., remain liable at the 13.5% rate).


Supplies of goods and services remaining at the 13.5% rate

   •   bakery products, excluding bread
   •   residential property
   •   building services related to residential property, including installation
   •   routine cleaning of residential property
   •   minor repairs of bicycles, shoes or leather goods, clothing or household linen
   •   non-oral contraceptive products
   •   goods used for the agricultural production of bio-fuel
   •   agricultural services
   •   certain nursery or garden centre stock
   •   animal insemination services and livestock semen

TB Supplement September 2011                                     38
   •   children's car safety seats
   •   waste acceptance and disposal services
   •   greyhound feeding stuff and live poultry and live ostriches
   •   fuel for power and heating, coal, peat, timber, electricity, gas (other than auto LPG),
       heating oil
   •   non-residential property
   •   building services related to non-residential property, including installation
   •   routine cleaning of non-residential property
   •   concrete
   •   tour guide services
   •   short-term hiring of cars, boats, caravans, mobile homes, tents or trailer tents
   •   repair and maintenance of cars, other vehicles, vessels and aircraft
   •   services consisting of the care of the human body
   •   jockey services
   •   photographic services including photographic prints
   •   car driving instruction
   •   veterinary services
   •   certain works of art, antiques and literary manuscripts


List of frequently asked questions from businesses relating to a change in VAT rate.


What impact will the rate change have on traders?

In general, goods and services supplied before 1 July 2011 are liable to VAT at the rate in
force at the time of supply, namely 13.5%. However, where goods and services are
supplied in June 2011, by a trader who is obliged to issue a VAT invoice, and that trader
issues the invoice after 30 June 2011, the rate in force in July applies, namely 9%.
A trader supplying goods and services to private individuals should always apply the VAT
rate in force at the time of supply.


How will credit notes be treated?

Any VAT credit note or debit note relating to a supply of goods or services, which contains
a VAT adjustment, should show VAT at the rate in force at the time the original invoice
was issued.

For example, if goods are supplied in June 2011 and a credit note is issued in July 2011
(due perhaps to an adjustment in the price of the goods or services), the rate of VAT on
that credit note is 13.5%. This is because the goods or services were supplied when the
rate of VAT was 13.5%.


How are advance payments received before 1 July 2011 treated?

In general, any advance payment, including a deposit, received by a trader before 1 July
2011 is subject to VAT at 13.5%. However, where the trader is obliged to issue a VAT
invoice for that payment, and the invoice is issued after 30 June 2011, the new rate
applies, namely 9%.


TB Supplement September 2011                                   39
What is the effect of the change of VAT rate on contracts with fixed interval
payments?

When payments for continuous supplies, due at fixed intervals over an agreed time-frame,
are invoiced and due before 1 July 2011, they should be treated as taxable at the 13.5%
rate; where invoiced and due after 30 June 2011, they should be treated as taxable at the
9% rate. This applies even if the interval over which the supplies take place spans the time
both before and after I July 2011.


What is the position with contracts existing on 1 July 2011?

Where a contract to supply goods or services is entered into before 1 July 2011, and the
contract is not completed until after that date, the agreed VAT inclusive price may be
subject to an appropriate adjustment due to the change in the VAT rate, unless there is
agreement to the contrary between the contracting parties.


Footnote 1:

Please refer to paragraph 3(1) to 3(3) of Schedule 3 of the VAT Consolidation Act 2010 for
further information.




TB Supplement September 2011                                  40
Capital Gains Tax

Capital Gains Tax (CGT) is chargeable on gains arising on the disposal of assets, other
than that part of a gain which arose in the period prior to 6 April 1974. Any form of property
(other than Irish currency) including an interest in property (as, for example, a lease) is an
asset for CGT purposes.


Rate of Tax

The standard rate is 25% in respect of disposals made from midnight on 7th April 2009.
Previous rates were 22% on disposals from 14 October 2008 and 20% in respect of
disposals made prior to that date. The first €1,270 of an individual’s annual chargeable
gains, net of allowable losses, are exempt.

Tax & Duty Manuals - Section 16 FOI Act

Capital Gains Tax Multipliers

Guide to Capital Gains Tax




TB Supplement September 2011                                   41
Corporation Tax
Corporation Tax Rates

                             Corporation Tax                                   Rates
Standard Rate (Trading Income)                                            12.5%
Higher Rate (Non Trading Income) [includes income chargeable under
Case III, Case IV, Case V, income from working minerals, petroleum
                                                                          25%
activities and certain dealings in development land other than
construction operations which are taxed at the rate of 12.5%]
Manufacturing Rate                                                        10% (Relief
Manufacturing activities being carried on before 23 July 1998 (or grant   Expires 31
approved on or before 31 July 1998)                                       December 2010)
Qualifying Shipping Trade                                                 12.5%
Tonnage Tax
This alternative method of calculating corporation tax commenced on       –
the 28th March 2003.




TB Supplement September 2011                                 42
Capital Acquisitions Tax

Gift & Inheritance

Gift tax is charged on taxable gifts taken on or after 28 February, 1974, and Inheritance
Tax is charged on taxable inheritances taken on or after 1 April, 1975. An inheritance is a
gratuitous benefit taken on a death and a gift is a gratuitous benefit taken otherwise than
on a death.

The tax is charged on the taxable value of the gift or inheritance. The taxable value is
arrived at by deducting from the market value of the property comprised in the gift or
inheritance permissible debts and incumbrances and any consideration paid by the
beneficiary.

Once the taxable value of the gift or inheritance has been determined the amount of tax
payable will depend on whether the appropriate tax-free threshold has been exceeded.
The rates of tax are as follows-

   •   The threshold amount - Nil
   •   Excess 25%*

*This rate was introduced on 8 April 2009.

Gifts or inheritances of Irish property are liable to tax whether or not the disponer is
resident or domiciled in Ireland. Foreign property is liable to tax where either the disponer
or the beneficiary is resident or ordinarily resident in Ireland at the relevant date.

Various exemptions from gift and Inheritance Tax have been provided for. For example,
the first €3,000 taken as a gift by a beneficiary from a disponer in any one year is exempt
from tax as are gifts and inheritances taken by one spouse or Civil Partner from the other.
There are exemptions in favour of certain charities, heritage property, superannuation
benefits, and foreign donees of certain Irish government securities. Qualifying insurance
policies to the extent that they are utilised in the payment of certain Gift Tax or Inheritance
Tax are also exempt. A dwelling house taken as a gift or inheritance is exempt in certain
circumstances.

Further information may be obtained from:

Revenue,
Capital Acquisitions Tax,
Central Revenue Information Office,
Cathedral Street,
Dublin 1.
Telephone: LoCall 1890 20 11 04
Telephone: 00353 1 865 5000 (calls from outside Ireland)
Email: catdr@revenue.ie




TB Supplement September 2011                                    43
Thresholds for Capital Acquisitions Tax


Indexed Thresholds for Capital Acquisitions Tax - 2009, 2010 & 2011

For the purpose of Gift and Inheritance Tax, the relationship between the person who
provided the gift or inheritance (i.e. the Disponer) and the person who received the gift or
inheritance (i.e. the beneficiary), determines the maximum tax free threshold - known as
the "group threshold".

The indexed Group thresholds for 2009, 2010 and 2011 are set out in the table below. The
Group thresholds are indexed by reference to the Consumer Price Index and the
indexation factor for 2010 (1 January 2009 to 31 December 2009 inclusive) is 1.361.

Under the Finance Act 2011 the indexation factor for 2010, will continue to apply to gifts
and inheritances taken on or after 8/12/2010.

                The indexed group thresholds for 2009,2010 and 2011
                                 Group     Group      Group      Group
                               Threshold Threshold Threshold Threshold                                Group
           Relationship to        from      from       from      from                               Threshold
Group
              Disponer          1/1/2009 8/4/2009 1/1/2010 8/12/2010                                   from
                                    to        to         to        to                                1/1/2011
                                7/4/2009 31/12/2009 7/12/2010 31/12/2010
A     Son/Daughter             €542,544 €434,000 €414,799 €332,084                                  €332,084
      Parent*/Brother/Sister/
B                              €54,254   €43,400    €41,481   €33,208                               €33,208
      Niece/Nephew/Grandchild
      Relationship other than
C                              €27,127   €21,700    €20,740   €16,604                               €16,604
      Group A or B
*In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.




TB Supplement September 2011                                              44
Group Thresholds Applicable for Capital Acquisitions Tax

For the purpose of Gift and Inheritance Tax, the relationship between the person who
provided the gift or inheritance (i.e. the Disponer) and the person who received the gift or
inheritance (i.e. the beneficiary), determines the maximum tax-free threshold - known as
the "group threshold". The Group thresholds for 2010 and previous years are shown
below.

Note: (Date of death or date of gift indicates the relevant year for the correct indexed
amount).

                 Group Thresholds Applicable for Capital Acquisitions Tax
                      Group A                 Group B                       Group C
                  (Son/Daughter) (Parent*/Brother/Sister/Niece/ (Relationship other
     YEAR
                       (after          Nephew/Grandchild)                 that at A/B)
                    indexation)          (after indexation)           (after indexation)
On or after
                  €332,084           €33,208                          €16,604
01/01/2011
08/12/2010 -
                  €332,084           €33,208                          €16,604
31/12/2010
01/01/2010 -
                  €414,799           €41,481                          €20,740
07/12/2010
08/04/2009 -
                  €434,000           €43,400                          €21,700
31/12/2009
01/01/2009 -
                  €542,544           €54,254                          €27,127
07/04/2009
2008              €521,208           €52,121                          €26,060
2007              €496,824           €49,682                          €24,841
2006              €478,155           €47,815                          €23,908
2005              €466,725           €46,673                          €23,336
2004              €456,438           €45,644                          €22,822
2003              €441,198           €44,120                          €22,060
2002              €422,148           €42,215                          €21,108
2001              €402,253           €40,225                          €20,113
2000              €380,921           €38,092                          €19,046
1999              €244,932           €32,658                          €16,329
1998              €239,219           €31,896                          €15,948
1997              €235,600           €31,413                          €15,707
1996              €231,791           €30,905                          €15,453
1995              €226,267           €30,169                          €15,084
1994              €220,934           €29,458                          €14,729
1993              €218,078           €29,077                          €14,538
1992              €211,221           €28,163                          €14,081
1991              €204,936           €27,325                          €13,662
1990              €198,079           €26,411                          €13,205

TB Supplement September 2011                                   45
                    Group Thresholds Applicable for Capital Acquisitions Tax
                          Group A                Group B                       Group C
                     (Son/Daughter) (Parent*/Brother/Sister/Niece/ (Relationship other
      YEAR
                           (after         Nephew/Grandchild)                 that at A/B)
                        indexation)         (after indexation)           (after indexation)
1984 to 1989         € 190,461       €25,395                           €12,697
*In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.




TB Supplement September 2011                                              46
Excise Duty Rates
         Goods                  Description or Usage                Rate of Duty €
Light Oil (rates shown  Petrol                               576.22 per 1,000 litres
include carbon charge) Aviation gasoline                     576.22 per 1,000 litres
                        Used as a propellant                 465.70 per 1,000 litres
                        Used for air navigation              465.70 per 1,000 litres
                        Used for private pleasure navigation 465.70 per 1,000 litres
Heavy Oil (rates shown
include carbon charge) Kerosene used other than as a         38.02 per 1,000 litres
                        propellant
                        Fuel oil                             60.73 per 1,000 litres
                        Other heavy oil (including MGO)      88.66 per 1,000 litres
Liquefied Petroleum Gas Used as a propellant                 88.23 per 1,000 litres
(rates shown include
carbon charge)          Other liquefied petroleum gas        24.64 per 1,000 litres
                        Used as a propellant instead of
                                                             576.22 per 1,000 litres
Substitute Fuel (rates  unleaded petrol
shown include carbon    Used as a propellant instead of
charge)                                                      465.70 per 1,000 litres
                        diesel
                        Used other than as a propellant      88.66 per 1,000 litres
                        Measured based on net calorific
                                                             3.07 per megawatt hour
                        value
Natural Gas Carbon Tax
                        Measured based on gross calorific
                                                             2.77 per megawatt hour
                        value
                        For business use                     4.18 per tonne
Coal
                        For other use                        8.36 per tonne
                        Business use                         0.50 per megawatt hour
Electricity
                        Non-Business Use                     1.00 per megawatt hour
                                                             31.13 per litre of alcohol in
Spirits
                                                             the spirits
                        Exceeding 0.5% volume but not
                                                             0.00
                        exceeding 1.2% volume
Beer                    Exceeding 1.2% volume but not        7.85 per hectolitre per cent
                        exceeding 2.8% volume                of alcohol in the beer
                                                             15.71 per hectolitre per
                        Exceeding 2.8% volume
                                                             cent of alcohol in the beer
                        Still and sparkling, not exceeding
                                                             87.39 per hectolitre
                        5.5% volume
                        Still, exceeding 5.5% volume but
Wine                                                         262.24 per hectolitre
                        not exceeding 15% volume
                        Still, exceeding 15% volume          380.52 per hectolitre
                        Sparkling, exceeding 5.5% volume 524.48 per hectolitre
Other Fermented         Still and sparkling, not exceeding
                                                             32.93 per hectolitre
Beverages:              2.8% volume

TB Supplement September 2011                                 47
       Goods                       Description or Usage                    Rate of Duty €
Beverages:                Still and sparkling, exceeding 2.8%
                          volume but not exceeding 6%                65.86 per hectolitre
(1) Cider and Perry       volume
                          Still and sparkling, exceeding 6.0%
                          volume but not exceeding 8.5%              152.28 per hectolitre
                          volume
                          Still, exceeding 8.5% volume               216.00 per hectolitre
                          Sparkling, exceeding 8.5% volume           432.01 per hectolitre
Other Fermented           Still and sparkling, not exceeding
                                                                     87.39 per hectolitre
Beverages:                5.5% volume
                          Still, exceeding 5.5% volume               262.24 per hectolitre
(2) Other than Cider and
Perry                    Sparkling, exceeding 5.5% volume            524.48 per hectolitre
                         Still, not exceeding 15% volume             262.24 per hectolitre
Intermediate Beverages Still, exceeding 15% volume                   380.52 per hectolitre
                         Sparkling                                   524.48 per hectolitre
                                                                     183.42 per thousand
                                                                     together with an amount
                          Cigarettes                                 equal to 18.25 per cent of
                                                                     the price at which the
Tobacco Products                                                     cigarettes are sold by retail
                          Cigars                                     261.066 per kilogram
                          Fine-cut tobacco for the rolling of
                                                                     220.301 per kilogram
                          cigarettes
                          Other smoking tobacco                      181.117 per kilogram
                          Distiller of spirits                       500
Intoxicating Liquor
Licences:                 Rectifier or compounder of spirits         500
                          Brewer of Beer for sale                    500
(1) Manufacturers'        Maker for sale of Sweets                   500
Licences
                          Maker of Cider or Perry for sale           500
Intoxicating Liquor       Wholesale Dealer in Spirits                500
Licences:                 Wholesale Dealer in Beer                   500
(2) Wholesale Dealers'    Wholesale Dealer in Wine                   500
Licences                  Wholesale Dealer in Spirits of Wine 500
Intoxicating Liquor       Retailer of Beer                           500
Licences:                 Retailer of Wine                           500
(3) Retailers' On-        Retailer of Sweets                         500
Licences                  Retailer of Cider                          500

Intoxicating Liquor       Retailer of Spirits                        500
Licences:                 Retailer of Beer                           500
(4) Retailers' Off        Retailer of Cider                          500


TB Supplement September 2011                                    48
          Goods                  Description or Usage                    Rate of Duty €
(4) Retailers' Off-       Retailer of Wine                 500
Licences                  Retailer of Sweets               500
                          Aerodrome                        500
                          Bog Premises                     500
                                                           See Spirits Retailer's On-
                          Bus Station
                                                           Licence
                          Greyhound Race Track             500
                          Holiday Camp                     500
                          Horse Race Track                 500
                                                           See Spirits Retailer's On-
                          Hotel
                                                           Licence
                          Military Canteen                 Nil
Special Licences          National Concert Hall            500
                          National Conference Centre       500
                          National Cultural Institutions   500
                          National Sports Arenas           500
                          Passenger Aircraft Licence       500
                          Passenger Vessel Licence         500
                          Passenger Vessel One Day Licence 100
                                                           See Spirits Retailer's On-
                          Railway Refreshment Room
                                                           Licence
                          Railway Restaurant Car Licence   500
                          Restaurant                       3805 (New) 500 (Renewal)
Theatre/Place of Public
                          500
Entertainment
                         Less than €190,500                       250
Spirits Retailer's On-   €190,500 but less than €381,000          505
Licence (Pubs, Hotels) - €381,000 but less than €635,000          1140
Based on Level of        €635,000 but less than €952,500          1775
Annual Turnover
                         €952,500 but less than €1,270,000        2535
                         €1.27m or more                           3805
Excise Licences other    Bookmaker's Licence                      250
than Liquor Licences
                         Registration in Register of
                                                                  380
(1) Bookmaking           Bookmaking Offices
Excise Licences other     Auctioneer's Licence                    250
than Liquor Licences      Auction Permit                          250
(2) Auctioneers and       House Agent's Licence                   125
House Agents
                          For period not exceeding 3 months 175


TB Supplement September 2011                                 49
         Goods                  Description or Usage                     Rate of Duty €
Excise Licences other     For period not exceeding 3 months 175
than Liquor Licences

(3) Gaming Licence
Excise Licences other     For period not exceeding 3 months 145
than Liquor Licences      For period exceeding 3 months but
                                                            630
                          not 1 year exceeding 3 months but
                          For period
(4)
(3) Gaming Machine
            Licence                                         505
                          not 1 year
Licence
Excise Licences other
than Liquor Licences
                                                                   100
(5) Amusement Machine
Permit
Excise Licences other 3 month licence                              38
than Liquor Licences

(6) Amusement Machine Annual licence                               125
Licence
Excise Licences other
than Liquor Licences
                      Mineral Oil Trader                           250
(7) Mineral Oil
Excise Licences other     Maker                                    190
than Liquor Licences
                          Retailer                                 12
(8) Methylated Spirits
                          Bets entered into by a bookmaker 1%
Betting Duty
                          On-course/ Tote bets               Nil
                          Applies to aircraft capable of
                          carrying 20 or more passengers and
                          to airports where the number of
                                                             €3 per passenger
                          passenger departures in the
                          previous year was more than
                          50,000.

                          Crew or any relief crew                  Nil
                          Disabled person (Council
                          Regulation (EC) No. 1107/2006            Nil
                          applies)
                          Person travelling with a disabled
                          person to provide care and               Nil
                          assistance
                          Child under 2 years of age not
                                                                   Nil
                          occupying an aircraft seat
                          Transit or transfer passengers           Nil


TB Supplement September 2011                                  50
Vehicle Registration Tax
Vehicle Registration Tax is chargeable on the registration of motor vehicles (including
motor-cycles) in the State. All motor vehicles in the State, other than those brought in
temporarily by visitors, must be registered with the Revenue Commissioners. A vehicle
must be registered before it can be licensed for road tax purposes.


Where do I Register?

The National Car Testing Service (NCTS) has been appointed by the Revenue
Commissioners to carry out a range of vehicle registration functions on their behalf. From
1 September 2010, to register a vehicle, you must first book an appointment at an NCTS
centre to have the vehicle examined and pay the VRT due (and other tax liabilities as
appropriate). Details of the NCTS centres accepting appointments to register vehicles are
available at www.ncts.ie/vrt.html

You can make an appointment through one of the following methods:

On-line: www.ncts.ie/vrt.html

Telephone Lo call number: 1890 927 787

Write to the NCTS at:
Vehicle Registration Tax Booking
Lakedrive 3026,
Citywest Business Campus,
Naas Road,
Dublin 24.

Please ensure you have the following to hand when making the booking as you will be
asked for this information:

   •   Name
   •   Address
   •   Mobile Number
   •   E-mail address
   •   Type of Vehicle
   •   Chassis Number/VIN number
   •   Current Registration Number of Vehicle

Additional information in relation to booking a test is available on the NCTS website at
www.ncts.ie/vrt.html

While there will be a charge for this service the charge will be credited against any VRT
you will have to pay on completion of the registration process.




TB Supplement September 2011                                  51
When must I Register?

In order to register an unregistered vehicle (or one previously registered outside the State)
you must make an appointment with the NCTS within 7 days of its entry into the State to
have a pre-registration examination of the vehicle carried out. You must complete the
registration process and pay VRT at the NCTS Centre within 30 days of the arrival of the
vehicle in the State. Further details of how to book the examination are available on the
NCTS website at www.ncts.ie/vrt.html .


Additional Charge Raised by Revenue where a Vehicle has not been Registered
within 30 days

Section 62 of Finance Act (No 2) 2008 allows the Commissioners to raise an additional
charge on registration where Revenue are of the opinion that the vehicle has not been
registered within the specified 30 day limit. This usually arises where satisfactory
documentary evidence is not produced at the time the vehicle is presented for registration.
Any queries relating to an additional charge having been raised at registration should be
addressed to the VRT section within your Revenue district. Please note that queries
relating to an additional charge will not be entertained unless documentary evidence is
produced giving proof of the date that the vehicle entered the State and reasons why the
said documentation was not produced to the NCTS when the vehicle was presented for
registration.

It should be noted that an unregistered vehicle may be detained by Revenue officials or by
An Garda Síochána if the vehicle is not registered within the specified 30 day limit.


How do I register?

In order to register any vehicle, you must present proof of identity i.e. a Passport or a
Driving Licence along with the vehicle and all the other required documentation. It is
advisable that you should be able to locate the chassis/VIN (Vehicle Identification Number)
number for the NCTS inspector when presenting the vehicle for inspection.

A used vehicle (one that was first registered at least 3 months ago and one that has
travelled at least 3,000 kilometres) presented for registration must be accompanied by :

   1. Evidence of previous registration e.g. foreign certificate of registration, a certificate
      of permanent exportation or a certificate of de-registration, as appropriate (this
      document will be retained by the NCTS Centre so please ensure you make a copy
      of it before you go to the test centre).

   2. Invoice which must have the date of purchase/sale clearly indicated.

   3. Documentation verifying the registered owner’s name and address (Utility Bill, Bank
      Statement). The information leaflet Owner Name and Address Declarations
      provides additional information regarding owner's name and address details.




TB Supplement September 2011                                    52
   4. Personal Public Service Number (PPSN) of the person in whose name the vehicle
      shall be registered. Documentary evidence of the PPSN will be required. This
      includes a payslip, P60 or any documentation issued by the Revenue
      Commissioners which include your PPS number, name and address. Where an
      authorised trader (TAN Holder) is registering a vehicle on behalf of a customer, they
      should give their Revenue Customer Number (i.e VAT or CT number) in place of
      the PPSN of the person in whose name the vehicle is being registered.

   5. For vehicles imported from Northern Ireland, where the invoice is dated more than
      30 days earlier than the date the vehicle is presented for registration, details of
      where the vehicle was stored are required. For vehicles purchased elsewhere
      (including the UK), shipping details to confirm the date of arrival of the vehicle in the
      State are required. Where satisfactory evidence of the date the vehicle entered the
      State is not available, an additional charge may be raised by Revenue for the period
      from the invoice date to the date of registration.

   6. Where an exemption from VRT is claimed, the exemption notification issued by
      Revenue.

   7. Documentation (as approved by the Revenue Commissioners) confirming the level
      of CO2 emissions of the vehicle at the time of manufacture. Where evidence of the
      level of CO2 emissions of the vehicle at the time of manufacture is not available at
      registration - VRT will be charged at the highest rate applicable.

   8. For vehicles over 4 years old, an unexpired roadworthiness certificate confirming
      that an equivalent to the NCTS test has been passed. Where this documentation is
      not available, the vehicle may be called for an NCTS roadworthiness test shortly
      after registration.

Documents 1 - 4 above are compulsory and the vehicle will not be registered unless they
are all presented with the vehicle at registration.


A new vehicle (one that is unregistered, one that was registered less than 3 months ago
or one that has travelled less than 3,000 kilometres at the time of registration) presented
for registration must be accompanied by:

   1. European Community Whole Vehicle Type-Approval (ECWVTA) Certificate of
      Conformity or Individual Vehicle Approval (IVA) or National Small Series Type-
      Approval (NSSTA). If the vehicle has been previously registered, evidence of
      previous registration e.g. foreign certificate of registration, a certificate of permanent
      exportation or a certificate of de-registration, as appropriate will be required. (This
      document will be retained by the NCTS Centre so please ensure you make a copy
      of it before you go to the test centre).

   2. Invoice which must have the date of purchase/sale clearly indicated.

   3. Documentation verifying the registered owner’s name and address (Utility Bill, Bank
      Statement). The information leaflet Owner Name and Address Declarations
      provides additional information regarding owners name and address details.




TB Supplement September 2011                                    53
   4. Personal Public Service Number (PPSN) of the person in whose name the vehicle
      shall be registered. Documentary evidence of the PPSN will be required. This
      includes a payslip, P60 or any documentation issued by the Revenue
      Commissioners which include your PPS number, name and address. Where an
      authorised trader (TAN Holder) is registering a vehicle on behalf of a customer, they
      should give their Revenue Customer Number (i.e VAT or CT number) in place of
      the PPSN of the person in whose name the vehicle is being registered.

   5. For vehicles imported from Northern Ireland, where the invoice is dated more than
      30 days earlier than the date the vehicle is presented for registration, details of
      where the vehicle was stored are required. For vehicles purchased elsewhere
      (including the UK), shipping details to confirm the date of arrival of the vehicle in the
      State are required. Where satisfactory evidence of the date the vehicle entered the
      State is not available, an additional charge may be raised by Revenue for the period
      from the invoice date to the date of registration,

   6. Where an exemption from VRT is claimed, the exemption notification issued by
      Revenue.

Documents 1 – 4 above are compulsory and the vehicle will not be registered unless they
are all presented with the vehicle at registration.

Where a vehicle is presented for registration by an individual other than the person
declared as the registered owner, a letter of consent signed by the person requesting
registration must be presented. The "individual/agent/motor dealer" representing the
person requesting registration must also provide proof of identity i.e. a Passport or a
Driving Licence.

The vehicle itself will be examined at the NCTS centre to ensure that it matches the
various characteristics described in the accompanying documentation e.g. vehicle
identification number (VIN), registration number (in the case of a previously registered
vehicle), make, model and variant, engine size, number of doors etc. If the requisite
documentation is not available at the time of the examination or the vehicle details do not
match the documentation, the vehicle will not be registered.

When it has been established that the vehicle is eligible for registration you will be
presented with a document containing the vehicle details which you will be asked to sign
confirming that you wish to register the vehicle. Following confirmation, Revenue will
assign a registration number to the vehicle and this will be issued to you by the NCTS on
payment of the tax due.

Please note that a second visit to an NCTS centre as a result of incorrect or missing
documentation will be at your own expense.

In all circumstances, the vehicle must be registered within 30 days of arrival in the State
and the registration number affixed to the vehicle within three days of registration.


How is tax calculated?

In the case of cars and small vans, the tax is a percentage of the expected retail price,
including all taxes in the State. This price is known as the Open Market Selling Price or

TB Supplement September 2011                                   54
OMSP. Based on the vehicle details forwarded to Revenue by the NCT centre following
examination of the vehicle, Revenue will calculate this tax for you at the time of
registration. You may be able to obtain an estimate of the VRT from the the Vehicle
Registration on-line Enquiry System. While Revenue maintains an accurate valuation for
all vehicles on its database, because of the variety of makes, models and versions
available, the vehicle presented for registration at an NCT centre may differ significantly
from a similar one on Revenue’s database resulting in a significant difference in the VRT
charged to the amount you expected.


How can I pay?

The NCTS Centre will also collect the VRT charge (and other tax liabilities) on behalf of
Revenue. You can pay this charge either by:

   •   Cash (Up to €200)
   •   Laser Card (Up to €1,500)
   •   Bank Draft (payable to Applus Car Testing Service)
   •   Credit Card (This method of payment incurs a 1.5% administration charge which is
       imposed by the NCTS centre)


Have I any recourse if I feel that I have been overcharged?

Yes. However, please note that the VRT charge is raised by Revenue and the staff at the
NCTS centre will not be able to help you with any query relating to the VRT charge.

Therefore, having paid the amount demanded, you can appeal the charge with Revenue
under the formal excise appeal procedure, details of which are set out in a separate
information leaflet Appeal Procedures which you can also obtain at any Revenue Office.
Please note that you will be required to enclose evidence, obtained at your own expense,
to support your opinion of the chargeable value.

If you decide that you do not wish to register the vehicle, and pay the VRT due, you must
ensure that the vehicle is taken out of the State immediately, but at the latest within 30
days of its initial entry into the State.


When can I get my number plates?

When the VRT payment (and other outstanding liabilities) has been accepted by the
NCTS, the registration number assigned to the vehicle by Revenue will be issued to you
by the NCTS Centre. This registration number must be displayed in the prescribed format
on the vehicle within three days of issue. Details relating to the prescribed format of
registration plates are available in information leaflet Format of Registration Plates.


What happens when I buy from a motor dealer?

The dealer is obliged to pay the VRT and register the vehicle before delivering it to you.



TB Supplement September 2011                                  55
When do I receive my vehicle registration certificate?

The registration certificate, issued by the Department of Transport , will be posted to you
after you have paid motor tax to your local authority.


Reliefs and exemptions

Various reliefs and exemptions from VRT are available in particular circumstances. They
include exemptions which may apply in the case of:

   •   Transfer of Residence
   •   Transfer of Business Activity
   •   Inheritance
   •   Diplomatic

Relief is also available for certain persons with disabilities who meet specified medical
criteria. An information leaflet Vehicles for People with Disabilities - Tax Relief Scheme is
available online or from any Revenue Office.

If you think you are entitled to an exemption, you must first contact your local Revenue
Office and apply for the exemption. The application accompanied by the relevant
documentation will normally be processed within 10 working days and if approved, a letter
confirming eligibility to the exemption will issue to you. You must bring this letter to the
NCTS Centre when registering the vehicle to avail of the exemption.

An exemption will only be allowed on presentation of this letter at the NCTS centre. Where
the exemption letter is not available at the time of registration (e.g. lost or misplaced) full
VRT will be charged. This will be refunded on presentation of the letter to a Revenue
office.


What are the VRT categories and the appropriate current rates of VRT?

Each VRT Category is defined in detail in Section 130 of the Finance Act 1992, as
amended. Further legal definitions in relation to VRT are contained in S.I. 318 of 1992.


VRT Category A

Category A vehicles include cars (saloons, estates, hatchbacks, convertibles, coupés,
MPVs, Jeeps etc.) and minibuses with less than 12 permanently fitted seats including the
driver's seat. The rate of tax chargeable is based on the level of CO2 emissions for the
vehicle at the time of manufacture. The rates and associated minimum amounts are as
follows:




TB Supplement September 2011                                    56
VRT Rate on the CO2 emissions
CO2 Emissions (g CO2/km) VRT Rates           Minimum VRT
0 - 120g                  14% of OMSP        €280
121 - 140g                16% of OMSP        €320
141 - 155g                20% of OMSP        €400
156 - 170g                24% of OMSP        €480
171 - 190g                28% of OMSP        €560
191 - 225g                32% of OMSP        €640
226g and over             36% of OMSP        €720


VRT Category B

Category B vehicles include certain car-derived vans and jeep-derived vans.

The rate of VRT applicable to Category B vehicles, subject to a minimum VRT of €125, is
13.3% of the Open Market Selling Price (OMSP).


Motor Caravans/Motor Homes

To be deemed a motor caravan/motor home a vehicle must, be a Category M1, M2 or M3
vehicle (EU vehicle classification with a bodytype SA) and must be constructed to include
living accommodation which contains at least the following equipment:

   •   seats and table,
   •   sleeping accommodation which may be converted from the seats,
   •   cooking facilities, and
   •   storage facilities.

It should be noted that this equipment must be rigidly fixed to the living compartment,
however, the table may be designed to be easily removable.

Motor caravans/motor homes registered on or after 1 January 2011, will be charged VRT
at 13.3% of the open market selling price of the vehicle at the time of registration.


VRT Category C

Category C vehicles include larger commercial vehicles, agricultural tractors and buses
with a minimum of 10 seats including the driver’s seat.

In EU terms, Category C vehicles include N2 vehicles (over 3.5 tonnes and under 12
tonnes in weight), N3 vehicles (over 12 tonnes in weight), M2 vehicles (under 5 tonnes in
weight, with a minimum of 10 seats including the driver’s seat) and M3 vehicles (over 5
tonnes in weight, with a minimum of 10 seats including the driver’s seat).

As on and from 1 May 2011, vehicle registration tax on the registration of Category C
vehicles increases from €50 to €200.

TB Supplement September 2011                                  57
VRT Category D

Examples of Category D vehicles include ambulances, fire engines, vehicles used
exclusively for the transportation of road construction machinery. The use to which a
vehicle is put is also considered when a vehicle is being classified for VRT purposes as
Category D.

There is a 0% VRT rate payable on a Category D vehicle.


Motor-cycles
Examples include motor-cycles, scooters, certain All Terrain Vehicles (ATV). VRT is
charged by reference to the cubic capacity (cc) of the engine. The current rates are €2 in
respect of each cc up to 350 and €1 for each cc thereafter. The total amount is then
reduced by prescribed percentages in accordance with the following table to take account
of the age of the vehicle:

Reduction in VRT depending on age
Age                                     VRT Reduction
> 3 months and < or equal to 1 year     10%
> 1 year and < or equal to 2 years      20%
> 2 years and < or equal to 3 years     40%
> 3 years and < or equal to 4 years     50%
> 4 years and < or equal to 5 years     60%
> 5 years and < or equal to 7 years     70%
> 7 years and < or equal to 10 years    80%
> 10 years and < or equal to 30 years   90%
> 30 years                              100%


Repayment/Remission of VRT on Hybrid Electric Vehicles and Flexible Fuel
Vehicles.

Hybrid electric vehicles and flexible fuel vehicles registered during the period 1 January
2011 to 31 December 2012 may qualify for a remission/repayment of up to a maximum of
€1,500. The vehicles must be series-production (i.e. originally manufactured) vehicles. The
repayment/remission is on a sliding scale depending on the age of the vehicle (please see
Table 1 below).

Series-production (i.e. originally manufactured) plug-in hybrid electric vehicles registered
during the period 1 January 2011 to 31 Decmber 2012 may qualify for a
remission/repayment of up to a maximum of €2,500 on a sliding scale depending on the
age of the vehicle (please see Table 2 below).




TB Supplement September 2011                                   58
Table 1 - Hybrid Electric Vehicles & Flexible Fuel Vehicles registered during the
period 1 January 2011 to 31 December 2012

Maximum amount which may be remitted or repaid depending on the age of the vehicle
                                                Maximum amount which may
Age of hybrid electric or flexible fuel vehicle
                                                be remitted or repaid
New vehicle, first registration                 €1,500
Not a new vehicle but less than 2 years         €1,350
2 years or over but less than 3 years           €1,200
3 years or over but less than 4 years           €1,050
4 years or over but less than 5 years           €900
5 years or over but less than 6 years           €750
6 years or over but less than 7 years           €600
7 years or over but less than 8 years           €450
8 years or over but less than 9 years           €300
9 years or over but less than 10 years          €150
10 years or over                                Nil


Table 2 - Plug-in Hybrid Electric Vehicles registered during the period 1 January
2011 to 31 December 2012

Maximum amount which may be remitted or repaid depending on the age of the vehicle
                                            Maximum amount which may
Age of plug-in hybrid electric vehicle
                                            be remitted or repaid
New vehicle, first registration             €2,500
Not a new vehicle but less than 2 years     €2,250
2 years or over but less than 3 years       €2,000
3 years or over but less than 4 years       €1,750
4 years or over but less than 5 years       €1,500
5 years or over but less than 6 years       €1,250
6 years or over but less than 7 years       €1,000
7 years or over but less than 8 years       €750
8 years or over but less than 9 years       €500
9 years or over but less than 10 years      €250
10 years or over                            Nil

'hybrid electric vehicle' means a vehicle that derives its motor power from a combination
of an internal combustion engine and an electric motor and is capable of being driven on
electric propulsion alone for a material part of its normal driving cycle.

'flexible fuel vehicle' means a vehicle that derives its motive power from an internal
combustion engine that is capable of using a blend of ethanol and petrol, where such
blend contains a minimum of 85% ethanol.

TB Supplement September 2011                                 59
'plug-in hybrid electric vehicle' means a series production vehicle that derives its motive
power from a combination of an electric motor and an internal combustion engine, where
the electric motor derives its power from a battery that may be charged from the internal
combustion engine and an alternating current (AC) electric mains supply and is capable of
being driven on electric propulsion alone for a material part of its normal driving cycle.


Electric Vehicles including Electric Motorcycles

Category A or Category B electric vehicles, which are shown to the satisfaction of the
Revenue Commissioners to be series production (i.e, originally manufactured) models of
electric vehicles registered during the period 1 January 2011 to 30 April 2011, are exempt
from VRT. Such vehicles registered during the period 1 May 2011 to 31 December 2012,
are eligible for relief up to a maximum amount of €5,000. Accordingly, for example, where
VRT in the amount of €5,750 is payable on the registration of a qualifying electric vehicle,
VRT in the amount of €750 (i.e. €5,750 – €5,000) will be due at the time of vehicle
registration.


Electric motorcycles are exempt from VRT until 31 December 2012.

'electric vehicle' means a vehicle that derives its motive power exclusively from an
electric motor.

'electric motorcycle' means a motor-cycle that derives its motive power exclusively from
an electric motor.


What is a certificate of conformity and when is it required?

All new passenger cars of EU vehicle category M1 (excluding special purpose vehicles)
and motor-cycles (i.e. two or three wheel vehicles with an EU category of L) require
European Community Whole Vehicle Type-Approval ECWVTA, or national type-approval
in order to be registered in Ireland. EU vehicle category M1 is defined as "Vehicles
designed and constructed for the carriage of passengers and comprising no more than
eight seats in addition to the driver's seat". These vehicles fall under Revenue’s Category
A or, in some cases, Category B crew cab vehicles.

Individuals purchasing a new passenger vehicle outside the State (including Northern
Ireland) must produce an ECWVTA Certificate of Conformity (CoC) or a national approval
certificate (NSSTA or IVA) to the NCTS centre at the time of registration in order to have
the vehicle registered. This Type-Approval certificate can only be obtained from the dealer
or manufacturer from which the vehicle was purchased and should be obtained at the time
of purchase.

If a vehicle does not have Type-Approval, it must be presented to the National Standards
Authority of Ireland (NSAI) for certification before registration can take place.

Further details about the NSAI including contact details can be obtained on their website:
www.nsai.ie .




TB Supplement September 2011                                  60
Additional details relating to the new regulations and requirements are available on the
Road Safety Authority web site at: European Community Whole Vehicle Type Approval
(ECWVTA) and related National Approval Schemes as proposed in Directive
2007/46/EC.

Further details about the RSA including contact details can be obtained on their website:
www.rsa.ie .

From a Vehicle Registration Tax point of view, the Certificate of Conformity states that the
vehicle at the date of manufacture has a specific level of CO2 emissions. This is the level
that will be used for taxation purposes and will not change regardless of post-production
modifications that might be made, modifications that might either increase or decrease the
levels of emissions of the vehicle.

It should be noted that in order to ensure correct application of the VRT legislation,
Revenue may seek a Certificate of Conformity for other vehicles.


When is VAT chargeable and payable?

For VAT purposes a new means of transport is a goods or passenger vehicle that meets
either one of the following two criteria:

   •   It is a new means of transport if it is a motor vehicle or motor-cycle (other than a
       tractor) supplied six months or less after the date of its first entry into service.

   •   It is a new means of transport if it is a motor vehicle or motor-cycle (other than a
       tractor) that has travelled 6,000 kilometres or less at the time the vehicle is first
       presented for registration.

If the vehicle meets either of these criteria the vehicle is treated as a new means of
transport for VAT purposes and VAT is chargeable at registration.

Note: In this context "entry into service" means registration in another jurisdiction. If not
previously registered, the vehicle is new.


Example

Vehicle 5 months old with 8,000km - chargeable to VAT
Vehicle 7 months old with 5,000km - chargeable to VAT
Vehicle 7 months old with 8,000km - not chargeable to VAT

Note: The date of the vehicle's first entry into service (registration date) determines the
age of the vehicle for VAT purposes. The mileage is the odometer mileage when first
presented for registration in the State.




TB Supplement September 2011                                     61
Vehicles (new and used) imported from outside the fiscal territory of the EU

In the case of either new or used vehicles (means of transport in VAT terms) imported
from outside the fiscal territory of the EU, VAT (and customs duty) is chargeable at
importation in the normal way. Proof of payment of the VAT must be presented at the
NCTS Centre when the vehicle is being registered in the State.


When is CCT chargeable and payable?

Customs Common Tariff (CCT) is chargeable on vehicles (both new and used) that are
imported from outside the EU. It should be paid at the first point of entry of the vehicle into
the EU. Proof of payment of the CCT must be presented at the NCTS Centre when the
vehicle is being registered in the State.

Advice - Any delay in registering your vehicle or paying the tax may make you liable to
substantial penalties including forfeiture of the vehicle and prosecution.


What do I need to register a converted/modified vehicle?

Pre Registration Conversion of M1 (passenger) vehicles.
Vehicles which have not been previously registered but have been converted/modified
since the issuing of the type-approval document must have the converted/modified vehicle
certified/approved by a National Approval Authority. The National Standards Authority of
Ireland (NSAI) is the Irish national approval authority. Where the documentation was
issued by another approval authority, it may also have to be approved by the NSAI.

An unregistered converted M1 vehicle presented for registration at an NCTS centre must
be accompanied by the relevant approval documentation.

The conversion/modification of the vehicle will invariably mean that that a new vehicle
declaration will have to be made to Revenue using the pre registration conversion
procedures. Where the conversion has been made to an unregistered birth-certed vehicle,
that birth cert. must be updated with the details of the converted vehicle.


Pre Registration Conversion of vehicles other than M1 (passenger) vehicles.
The procedure for these vehicles is similar to that for post registration conversions,
detailed below.


Post Registration Conversions (including those registered in another jurisdiction).

In situations where it is not possible to obtain national type approval for a vehicle
conversion, that conversion must be declared at registration by the vehicle owner using
form VRTCONV. This form should be used in cases where the following vehicle
characteristics have changed.

   •   the EU vehicle category
   •   the number of seats
   •   the number of seatbelt fittings

TB Supplement September 2011                                    62
     •   the EU Bodyworks
     •   the mass in service
     •   the number of doors
     •   the number of windows

In order to have a previously registered, converted vehicle registered, the vehicle must be
certified by a Suitably Qualified Individual (SQI) as to the quality of the conversion and the
accuracy of the declaration. The owner declaration on form VRTCONV stamped by the
SQI and an accompanying declaration by the SQI on headed paper must accompany the
vehicle (in addition to the normal paperwork) when presented for a pre-registration
examination.

However, where the conversion has taken place after the vehicle was registered in the
State, i.e. the vehicle has an Irish registration number the declaration should be posted to
The Revenue Commissioners, Central Vehicle Office, Rosslare Harbour, Co. Wexford
where the conversion will be assessed to determine if additional VRT is due.

It should be noted that it is not possible to convert any vehicle other than an EU Category
M1, M2, M3 or N1 vehicle to a motor caravan, i.e. an M1, M2, or M3 vehicle a bodytype
SA, constructed to include living accommodation which contains at least the following
equipment:

     •   seats and table,
     •   sleeping accommodation which may be converted from the seats,
     •   cooking facilities, and
     •   storage facilities,

which must, (with the exception of the table which may be designed to be easily
removable) be rigidly fixed to the living compartment.


The conversion must be certified by a Suitably Qualified Individual (SQI).

SQIs must have:-

     •   an Engineering/Technical Qualification (Level 7 or higher accredited courses [1]) or
         appropriate accreditation with Engineers Ireland [2] or the Institute of Automotive
         Engineer Assessors [3]
     •   a minimum of 5 years experience of working in a suitable technical environment
         (preferably Automotive or Engineering Environment)
     •   access to adequate facilities to carry out a thorough vehicle examination, and
     •   appropriate professional indemnity insurance,

or

be a National Standards Authority of Ireland approved facilities, (Approved Test Centres);
or a Suitably Qualified Individual (SQI). A list of the Approved Test Centres .

Contact details for SQI's may be available in your local business directory or you can
contact one of the professional associations such as the Institute of Automotive Engineer
Assessors . The Society of the Irish Motor Industry (SIMI) or 01- 6761690 may also be
able to help if you are having difficulties finding an SQI.
TB Supplement September 2011                                   63
1 See Engineers Ireland, Accredited Courses
2 Chartered or Associate Engineer
3 Member or Incorporated Member.




TB Supplement September 2011                  64
Leaflets and Guides

   •    Capital Acquisitions Tax
   •    Capital Gains Tax
   •    Corporation Tax
   •    Customs
   •    Deposit Interest Retention Tax
   •    Dividend Withholding Tax
   •    Environmental Levy
   •    Excise
   •    Income Tax
   •    Professional Services Withholding Tax
   •    Relevant Contracts Tax
   •    Residential Property Tax
   •    Stamp Duty
   •    Value Added Tax
   •    Vehicle Registration Tax


Other

   •    E-Commerce and the Irish Tax System
   •    Customer Service Complaints
   •    How to Apply Online for a P21 Balancing Statement
   •    Irish Tax Implications of Foreign Property Ownership




TB Supplement September 2011                                   65
Statements of Practice
Most of our files are in PDF format, which requires the freely available Adobe Acrobat
Reader PDF in order to view or print them. Files may be viewed or printed in your
browser, or to download a document to your PC, right-click on the link to the form you
require and select 'Save Target As'.

Statements of Practice




TB Supplement September 2011                                 66
Double Taxation Treaties entered into by Ireland
                                                Date of Entry into Effect
                     Date of                  Corporation Capital Gains       S.I.
    Country                      Income Tax
                     Signing                        Tax            Tax     Number
                                 Not yet in  Not yet in      Not yet in
Albania            16 Oct 2009                                            16 of 2011
                                 effect      effect          effect
                                 Not yet in  Not yet in      Not yet in
Armenia            14 July
                                 effect      effect          effect
                                                                          406 of
Australia          31 May 1983   06 Apr 1984 01 Jan 1984     06 Apr 1984
                                                                          1983
                                                                          250 of
Austria            24 May 1966   06 Apr 1964 01 Apr 1964*
                                                                          1967
Austria Protocol   19 Jun 1987   06 Apr 1976 01 Jan 1974     06 Apr 1974 29 of 1988
                                 Not yet in  Not yet in      Not yet in
Austria Protocol   16 Dec 2009                                            30 of 2011
                                 effect      effect          effect
Bahrain            29 Oct 2009   01 Jan 2010 01 Jan 2010     01 Jan 2010 24 of 2010
Belarus            03 Nov 2009   01 Jan 2010 01 Jan 2010     01 Jan 2010 25 of 2010
Belgium            24 Jun 1970   06 Apr 1973 01 Apr 1973*                 66 of 1973
Bosnia                           Not yet in  Not yet in      Not yet in
                   03 Nov 2009                                            17 of 2010
Herzegovina                      effect      effect          effect
                                                                          372 of
Bulgaria           05 Oct 2000   01 Jan 2003 01 Jan 2002     01 Jan 2003
                                                                          2000
                                                                          773 of
Canada             08 Oct 2003   01 Jan 2006 01 Jan 2006     01 Jan 2006
                                                                          2004
                                                                          815 of
Chile              02 Jun 2005   01 Jan 2009 01 Jan 2009     01 Jan 2009
                                                                          2005
                                                                          373 of
China              19 Apr 2000   06 Apr 2001 01Jan 2001      06 Apr 2001
                                                                          2000
                                                                          574 of
Croatia            21 Jun 2002   01 Jan 2004 01 Jan 2004     01 Jan 2004
                                                                          2002
Cyprus             24 Sep 1968   06 Apr 1962 01 Apr 1962*                 79 of 1970
                                                                          321 of
Czech Republic     14 Nov 1995   06 Apr 1997 01 Jan 1997     06 Apr 1997
                                                                          1995
                                                                          286 of
Denmark            26 Mar 1993   06 Apr 1994 01 Jan 1994     06 Apr 1994
                                                                          1993
                                                                          496 of
Estonia            16 Dec 1997   06 Apr 1999 01 Jan 1999     06 Apr 1999
                                                                          1998
                                                                          289 of
Finland            27 Mar 1992   06 Apr 1990 01 Jan 1990     06 Apr 1990
                                                                          1993
                                                                          162 of
France             21 Mar 1968   06 Apr 1996 01 Apr 1996*
                                                                          1970
Georgia            20 Nov 2008   01 Jan 2011 01 Jan 2011     01 Jan 2011 18 of 2010
Germany            17 Oct 1962   06 Apr 1959 01 Apr 1959*                 212 of


TB Supplement September 2011                              67
                                               Date of Entry into Effect
                                                                           1962
Germany                        Not yet in    Not yet in
                  25 May 2010                                              31 of 2011
Protocol                       effect        effect
                               Not yet in    Not yet in      Not yet in
Germany - New      30 Mar 2011
                               effect        effect          effect
                                                                           774 of
Greece            24 Nov 2003 01 Jan 2005 01 Jan 2005        01 Jan 2005
                                                                           2004
Hong Kong         22 Jun 2010 01 Jan 2012 01 Jan 2012        01 Jan 2012   17 of 2011
                                                                           301 of
Hungary           25 Apr 1995 06 Apr 1997 01 Jan 1997        06 Apr 1997
                                                                           1995
                                                                           775 of
Iceland           17 Dec 2003 01 Jan 2005 01 Jan 2005        01 Jan 2005
                                                                           2004
                                                                           521 of
India             06 Nov 2000 01 Jan 2002 01Jan 2002         01 Jan 2002
                                                                           2001
                                                                           323 of
Israel            20 Nov 1995 06 Apr 1996 01 Jan 1996        06 Apr 1996
                                                                           1995
Italy             11 Jun 1971 06 Apr 1967 01 Apr 1967*                     64 of 1973
                                                                           259 of
Japan             18 Jun 1974 06 Apr 1974 01 Apr 1974*
                                                                           1974
                                                                           290 of
Korea (Rep. of)   18 Jul 1990   06 Apr 1992 01 Jan 1992      06 Apr 1992
                                                                           1991
                                Not yet in   Not yet in      Not yet in
Kuwait            23 Nov 2010                                              21 of 2011
                                effect       effect          effect
                                                                           504 of
Latvia            13 Nov 1997 06 Apr 1999 01 Jan 1999        06 Apr 1999
                                                                           1997
                                                                           503 of
Lithuania         18 Nov 1997 06 Apr 1999 01 Jan 1999        06 Apr 1999
                                                                           1997
Luxembourg        14 Jan 1972 06 Apr 1968 01 Apr 1968*                     65 of 1973
                                                                           463 of
Macedonia         14 Apr 2008 01 Jan 2010 01 Jan 2010        01 Jan 2010
                                                                           2008
                                                                           495 of
Malaysia          28 Nov 1998 06 Apr 2000 01 Jan 2000        06 Apr 2000
                                                                           1998
                                Not yet in   Not yet in      Not yet in
Malaysia Protocol 16 Dec 2009                                              32 of 2011
                                effect       effect          effect
                                                                           502 of
Malta             14 Nov 2008 01 Jan 2010 01 Jan 2010        01 Jan 2010
                                                                           2008
                                                                           497 of
Mexico             22 Oct 1998 06 Apr 1999 01 Jan 1999       06 Apr 1999
                                                                           1998
Moldova           28 May 2009 01 Jan 2011    01 Jan 2011     01 Jan 2011   19 of 2010
                              Not yet in     Not yet in      Not yet in
Montenegro        07 Oct 2010                                              18 of 2011
                              effect         effect          effect
                              Not yet in     Not yet in      Not yet in
Morocco           22 Jun 2010                                              19 of 2011
                              effect         effect          effect
Netherlands       11 Feb 1969 06 Apr 1965    01 Apr 1965*                  22 of 1970

TB Supplement September 2011                                68
                                            Date of Entry into Effect
New Zealand       19 Sep 1986 06 Apr 1989 01 Jan 1989    06 Apr 1989      30 of 1988
                                                                          520 of
Norway            22 Nov 2000 01 Jan 2002 01 Jan 2002       01 Jan 2002
                                                                          2001
                                                                          260 of
Pakistan          13 Apr 1973 06 Apr 1968 01 Apr 1968*
                                                                          1974
                                                                          322 of
Poland            13 Nov 1995 06 Apr 1996 01 Jan 1996       06 Apr 1996
                                                                          1995
                                                                          102 of
Portugal          01 Jun 1993 06 Apr 1995 01 Jan 1995       06 Apr 1995
                                                                          1994
                                                                          816 of
Portugal Prot.    11 Nov 2005 01 Jan 2007 01 Jan 2007       01 Jan 2007
                                                                          2005
                                                                          427 of
Romania           21 Oct 1999 06 Apr 2001 01 Jan 2001       06 Apr 2001
                                                                          1999
                                                                          428 of
Russia            29 Apr 1994 06 Apr 1996 01 Jan 1996       06 Apr 1996
                                                                          1994
                  23 Sept
Serbia                        01 Jan 2011 01 Jan 2011       01 Jan 2011   20 of 2010
                  2009
Singapore         28 Oct 2010 01 Jan 2011 01 Jan 2011       01 Jan 2011   34 of 2011
                                                                          426 of
Slovak Rep.       08 Jun 1999 06 Apr 2000 01 Jan 2000       06 Apr 2000
                                                                          1999
                                                                          573 of
Slovenia          12 Mar 2002 01 Jan 2003 01 Jan 2003       01 Jan 2003
                                                                          2002
                                                                          478 of
South Africa      07 Oct 1997 06 Apr 1998 01 Jan 1998       06 Apr 1998
                                                                          1997
South Africa                    Not yet in   Not yet in     Not yet in
                  17 Mar 2010                                             33 of 2011
Protocol                        effect       effect         effect
                                                                          308 of
Spain             10 Feb 1994 06 Apr 1995 01 Jan 1995       06 Apr 1995
                                                                          1994
                                                                          348 of
Sweden            08 Oct 1986 06 Apr 1988 01 Jan 1989       06 Apr 1988
                                                                          1987
                                                                          198 of
Swedish Prot.     01 Jul 1993   20 Jan 1994 20 Jan 1994     20 Jan 1994
                                                                          1993
                                                                          240 of
Switzerland       08 Nov 1966 06 Apr 1965 01 Apr 1965*
                                                                          1967
Swiss Prot.       24 Oct 1980 06 Apr 1976    01 Jan 1974    06 Apr 1974   76 of 1984
                              1 January                     1 January     501 of
Turkey            24 Oct 2008                1 January 2011
                              2011                          2011          2008
                              Not yet in     Not yet in     Not yet in
UAE               01 Jul 2010                                             20 of 2011
                              effect         effect         effect
                                                                          319 of
United Kingdom    02 Jun 1976 06 Apr 1976 01 Jan 1974       06 Apr 1976
                                                                          1976
                                                                          209 of
UK Protocol       07 Nov 1994 06 Apr 1994 01 Apr 1994
                                                                          1995
UK Protocol       04 Nov 1998 06 Apr 1999 01 Jan 1999       06 Apr 1999   494 of

TB Supplement September 2011                               69
                                               Date of Entry into Effect
                                                                            1998
                                                                            447 of
USA                28 Jul 1997   06 Apr 1998 01 Jan 1998     06 Apr 1998
                                                                            1997
                                                                            425 of
USA Protocol      24 Sep 1999 1 Sep 2000 01 Sep 2000         01 Sep 2000
                                                                            1999
                                                                            453 of
Vietnam           10 Mar 2008 01 Jan 2009 01 Jan 2009        01 Jan 2009
                                                                            2008
                                                                            130 of
Zambia            29 Mar 1971 06 Apr 1967 01 Apr 1967*
                                                                            1973

   •   Corporation Profits Tax

Country Date of Signing       Type of Tax       S.I. Number
U.S.S.R. 17 Dec 1986    Air Transport Agreement 349 of 1987


Copies of existing Double Taxation Agreements (please quote the Statutory Instrument
(S.I.) Number) may be purchased from the:

Government Publications Sales Office,
Sun Alliance House,
Molesworth Street,
Dublin 2.

Or by mail order from:

Government Publications, Postal Trade Section
Unit 20 Lakeside Retail Park,
Claremorris
Co. Mayo
Phone: 01 6476834 or 1890 213434
Fax: 01 6476843 or 094 9378964




Tax Treaties Rates

Table of source country tax rates in Irish tax treaties for dividend, interest and
royalty payments

International Tax Matters




TB Supplement September 2011                               70
Maximum Source Country Tax Rates (% of gross payment) (for split rates, please consult
the relevant article in the treaty)

Source country tax rates in Irish tax treaties for dividend, interest and royalty payments
         Country              Year of Entry into Effect Dividends Interest Royalties
ALBANIA                       Not yet in effect            5/10         0/7      7
ARMENIA                       Not yet in effect            0/5/15       0/5/10 5
AUSTRALIA                     1984                         15           10       10
AUSTRIA                       1964                         10           0        0/10
BAHRAIN                       2010                         0            0        0
BELARUS                       2010                         5/10         0/5      5
BELGIUM                       1973                         15           15       0
BOSNIA HERZEGOVINA Not yet in effect                       0            0        0
BULGARIA                      2002                         5/10         0/5      10
CANADA                        2006                         5/15         0/10     0/10
CHILE                         2009                         5/15         5/15     5/10
CHINA                         2001                         5/10         0/10     6/10
CROATIA                       2004                         5/10         0        10
CYPRUS                        1952                         0            0        0/5
CZECH REP.                    1997                         5/15         0        10
DENMARK                       1994                         0/15         0        0
ESTONIA                       1999                         5/15         0/10     5/10
FINLAND                       1990                         0/15         0        0
FRANCE                        1966                         10/15        0        0
GEORGIA                       2011                         0/5/10       0        0
GERMANY                       1959                         15           0        0
GERMANY - new                 Not yet in effect            5/15         0        0
GREECE                        2005                         5/15         5        5
HONG KONG                     2012                         0            10       3
HUNGARY                       1997                         5/15         0        0
ICELAND                       2005                         5/15         0        0/10
INDIA                         2002                         10           0/10     10
ISRAEL                        1996                         10           5/10     10
ITALY                         1967                         15           10       0
JAPAN                         1974                         10/15        10       10
KOREA REP.                    1992                         10/15        0        0
KUWAIT                        Not yet in effect            0            0        5
LATVIA                        1999                         5/15         0/10     5/10
LITHUANIA                     1999                         5/15         0/10     5/10
LUXEMBOURG                    1968                         5/15         0        0
MACEDONIA                     2010                         0/5/10       0        0

TB Supplement September 2011                                   71
MALAYSIA                       2000                10            0/10       8
MALTA                          2010                5/15          0          5
MEXICO                         1999                5/10          0/5/10     10
MOLDOVA                        2011                5/10          0/5        5
MONTENEGRO                     Not yet in effect   0/5/10        0/10       5/10
MOROCCO                        Not yet in effect   6/10          0/10       10
NETHERLANDS                    1965                0/15          0          0
NEW ZEALAND                    1989                15            10         10
NORWAY                         2002                0/5/15        0          0
PAKISTAN                       1968                10/no limit   no limit   0
POLAND                         1996                0/15          0/10       10
PORTUGAL                       1995                15            0/15       10
ROMANIA                        2001                3             0/3        0/3
RUSSIA                         1996                10            0          0
SERBIA                         2011                5/10          0/10       5/10
SINGAPORE                      2011                0             0/5        5
SLOVAK REP.                    2000                0/10          0          0/10
SLOVENIA                       2003                5/15          0/5        5
SOUTH AFRICA                   1998                0             0          0
SPAIN                          1995                0/15          0          5/8/10
SWEDEN                         1988                5/15          0          0
SWITZERLAND                    1965                10/15         0          0
TURKEY                         2011                5/10/15       10/15      10
UK                             1976                5/15          0          0
UNITED ARAB EMIRATES           Not yet in effect   0             0          0
UNITED STATES                  1998                5/15          0          0
VIETNAM                        2009                5/10          0/10       5/10/15
ZAMBIA                         1967                0             0          0




TB Supplement September 2011                            72
Employee Expenses
                                             Flat Rate Expenses
                                                      2011   2010   2009   2008   2007   2006   2005
                                                               €      €      €     €      €       €

Agricultural Advisers (employed by
Teagasc)                                              671    671    671    671    600    600    600
Archaeologists: (Civil Service)                       127    127    127    127    127    127    127
Architects employed by
    (a) Civil Service                                 127    127    127    127    127    127    127
    (b) Local Authorities                             127    127    127    127    127    127    127
Airline Cabin Crews                                   64     64     64     64      64     64    64
Bar trade: Employees                                  93     93     93     93      93     93    93
Building Industry
    Bricklayer                                        175    175    175    175    175    175    175
    Fitter mechanic, plasterer                        103    103    103    103    103    103    103
    Electrician                                       153    153    153    153    153    153    153
    Mason, roofer slater, tiler, floor layer, stone
cutter                                                120    120    120    120    120    120    120
    Driver, scaffolder, sheeter, steel erector        52     52     52     52      52     52    52
    Professionals: engineers, surveyors, etc.         33     33     33     33      33     33    33
    General operatives (labourers etc. incl.
Public Sector)                                         97     97     97     97     97     97     97
Bus, rail and road operatives in
Bus Atha Cliath, Bus Eireann and Iarnod
Eireann                                               160    160    160    160    160    160    160
Cardiac Technicians
    Female                                            212    212    212    212    212    212    212
    Male                                              107    107    107    107    107    107    107
Carpentry and joinery trades
    Cabinet makers, Carpenters, Joiners               220    220    220    220    220    220    220
    Painters, Polishers, Upholsterers, Wood
Cutting Machinists                                    140    140    140    140    140    140    140
Civil Service
    Architectural Technologists & Assistants          166    166    166    166    166    166    166
    Clerks of Works (incl. Senior and District
Inspectors)                                           142    142    142    142    142    142    142
    Engineering Technicians for Archaeologists,
Architects, Engineers and Surveyors                   166    166    166    166    166    166    166
Park Rangers and constables employed by the
Office of Public Works                                77     77     77     77      77     65    65
Clergymen (Church of Ireland)                         127    127    127    127    127    127    127
Consultants (hospital)                                695    695    695    695    695    695    534
Note: Deduction includes subscription to the
Irish Medical Council
Cosmetologists
 Obliged to supply and launder their own white
uniforms                                              160    160    160    160    160    160    160
Dentists in employment                                376    376    376    376    376    376    376
Dockers                                                73     73     73     73     73     73    73
Doctors (hospital, including consultants)             695    695    695    695    695    695    534
Note: Deduction includes subscription to the
Irish Medical Council.

TB Supplement September 2011                                          73
Draughtsmen (Local Authority)                       133   133   133    133   133   133   133
Driving Instructors                                 125   125   125
Note: This amount represents an annual
allocation of half the biannual statutory ADI fee
payable to the Road Safety Authority
Engineers employed by:
    (a) Civil Service                               166   166   166    166   166   166   166
    (b) Local Authorities                           127   127   127    127   127   127   127
    (c) Eircom, Coillte, OPW                        166   166   166    166   166   166   166
Engineering Industry [and Electrical
Industry from 1997/98]
 Skilled workers who bear the full cost of own
tools and overalls                                  331   331   331    318   318   318   280
 Semi-skilled workers who bear the full cost of
own tools and overalls                              254   254   254    244   244   244   215
All unskilled workers and skilled or semi-skilled
workers who do not bear the full cost of own
tools and overalls                                  219   219   219    210   210   210   185
Firefighters      Full-time                         272   272   272    272   272   272   250
Firefighters      Part-time                         407   407   407    407   407   407   375
Fishermen in Employment                             318   318   318    318   318   318   318
Foresters employed by Coillte                       166   166   166    166   166   166   166

Freelance actors chargeable to PAYE                 750   750   750    750   750   750   750
Grooms (Racehorse Training)                         294   294   294    294   294   294   294
Home Helps (Employed directly or indirectly
by Health Boards)                                   256   256   256    256   256   256   236
Hospitals     Domestic Staff:
    To include general operatives, porters,
drivers, drivers, attendants, domestics, laundry
operatives, cooks, catering supervisors,
waitresses, catering staff, kitchen porters
(a) who are responsible for providing and
laundering their own uniforms.                      353   353   353    353   353   353   325
(b) who are obliged to launder      the uniforms
supplied                                            185   185   185    185   185   185   170
(c) whose uniforms are supplied and
laundered free                                      93    93    93     93    93    93    85
Hotel industry
    Head hall porter                                90    90    90     90     90    90   90
    Hall porter                                     64    64    64     64     64    64   64
    Head waiter                                     127   127   127    127   127   127   127
    Waiter                                          97    97    97     97     97    97   97
    Waitress                                        64    64    64     64     64    64   64
    Chef                                            97    97    97     97     97    97   97
    Manager                                         191   191   191    191   191   191   191
    Assistant Manager                               127   127   127    127   127   127   127
    Trainee Manager                                 78    78    78     78     78    78   78
    Kitchen Porter                                  21    21    21     21     21    21   21
Journalists
Journalists, including those in public relations
area of journalism                                  381   381   381    381   381   381   381
Journalists who receive expense allowances
from their employers                                153   153   153    153   153   153   153


TB Supplement September 2011                                      74
Local Authorities
    Executive Chemists                            115    115    115    115    115    115    115
    Parks Superintendents                         40     40     40     40      40     40    40
    Town Planners                                 115    115    115    115    115    115    115
Mining Industry
    (a)miners/shift bosses underground, mill
process workers/shift bosses and steam
cleaners                                          1312   1312   1312   1155   1155   1155   1018
    (surface workers)                              655    655    655    576   576    576     508
Motor repair and motor assembly trades
Assembly workers, greasers, storemen and
general workers
    (a) who bear the full cost of own tools and
overalls                                           52     52     52     52     52     52     52
    (b) who do not bear the full cost of own
tools and overalls                                 42     42     42     42     42     42     42
Fitters and mechanics
    (a) who bear the full cost of own tools and
overalls                                           85     85     85     85     85     85     85
(b) who do not bear the full cost of own tools
and overalls                                       42     42     42     42     42     42     42
Panel Beaters (See Panel Beaters/Sheet Metal
Workers
Nurses:
    (a) where obliged to supply and launder
their own uniforms                                733    733    733    733    733    733    572
    (b) where obliged to supply their own
uniforms but laundered free                       638    638    638    638    638    638    496
    (c) where obliged to launder the uniforms
supplied                                          353    353    353    353    353    353    280
    (d) where uniforms are supplied and
laundered by hospital                             258    258    258    258    258    258    205
Nurses: Short Term Contracts through an
Agency. Additional Amount Due                     80     80     80     80     80      80     64
Nursing Assistants(including attendants,
orderlies and nurses’ aides)
    (a) where obliged to supply and launder
their own uniforms                                526    526    526    526    526    526    485
    (b) where obliged to supply their own
uniforms but laundered free                       440    440    440    440    440    440    405
    (c) where obliged to launder the uniforms
supplied                                          234    234    234    234    234    234    215
     (d) where uniforms are supplied and
laundered by hospital                              93     93     93     93     93     93     85
Occupational Therapists
    (a) where obliged to supply and launder
their own uniforms                                217    217    217    217    217    217    217
    (b) where obliged to supply their own
uniforms but laundered free                       153    153    153    153    153    153    153
    (c) where uniforms are supplied and
laundered by hospital                              52     52     52     52     52     52     52
Panel Beaters / Sheet metal Workers
    (a) Who bear full cost of own tools and
overalls                                           78     78     78     78     78     78     78



TB Supplement September 2011                                      75
   (b) Who do not bear full cost of own tools
and overalls                                           40       40      40      40       40     40    40
Pharmacists                                           400      400     450      160     160    160    160
Pharmaceutical Assistants (formerly known as
Assistant Pharmacists)                                200      200     250      97      97      97    97
NOTE These amounts represent the Annual
Retention Fee payable to the PSI
Physiotherapists
   (a) where obliged to supply and launder
their own uniforms                                     381      381     381     381     381    381    381
    (b) where obliged to supply their own
uniforms but laundered free                            318      318     318     318     318    318    318
   (c) where uniforms are supplied and
laundered by hospital                                  64       64      64      64       64     64    64
Pilots (Aer Lingus Group Pilots)                       275      275     275     275     275    275    191
Plumbing trades
Plumber (non-welder)                                   177      177     177     177     177    177    177
Plumber-welder                                         205      205     205     205     205    205    205
Pipe fitter-welder                                     205      205     205     205     205    205    205
Printing Bookbinding and allied trades
   Bookbinders (Hand)                                  109      109     109     109     109    109    109
   Bookbinders (Others)                                97       97      97      97       97     97    97
   Compositors, linotype and monotype
operators                                              121      121     121     121     121    121    121
    Copy Holders, photo lithographers, photo
engravers and workers in T and E section of
newspapers                                             114      114     114     114     114    114    114
    Monotype caster attendants, stereotypes
and machine minders                                    135      135     135     135     135    135    135
Readers and revisers                                   100      100     100     100     100    100    100
Rotary machine minders and assistants                  150      150     150     150     150    150    150
Others (e.g. cutters, dispatchers, rulers,
warehousemen)                                          90       90      90      90      90      90    90
Professional Valuers in the Valuation Office             680   690     690     690     615     615    615
Radiographers
    (a) where obliged to supply and launder
their own white uniforms                               242      242     242     242     242    242    242
     (b) where obliged to supply their own white
uniforms but laundered free                            143      143     143     143     143    143    143
    (c) where white uniforms are supplied and
laundered by hospital                                  73       73      73      73      73      73    73
Respiratory & Pulmonary Function
Technicians                                            191      191     191     191     191     191   191
RTE National Symphony Orchestra                       2,476    2,476   2,476   2,476   2,476   2,476 2,476
RTE Concert Orchestra                                 2,476    2,476   2,476   2,476
Shipping
British Merchant Navy
Foreign-going trade:
(a) First class passenger and cargo liners.
     Master                                            318      318     318     318     318    318    318
     Chief officer, chief engineer, other officers,
including pursers                                      318      318     318     318     318    318    318
     Chief steward                                     318      318     318     318     318    318    318
     Assistant steward                                 244      244     244     244     244    244    244
     Carpenter                                         194      194     194     194     194    194    194

TB Supplement September 2011                                              76
     Other ranks                                     148   148   148   148   148   148   148
(b) Cargo-vessels, tankers, ferries
     Master                                          318   318   318   318   318   318   318
     Chief officer, chief    engineer, other
officers, including pursers                          318   318   318   318   318   318   318
     Chief steward                                   318   318   318   318   318   318   318
     Assistant steward                               244   244   244   244   244   244   244
     Carpenter                                       194   194   194   194   194   194   194
     Other ranks                                     148   148   148   148   148   148   148
British home or coasting trade:
     Master                                          318   318   318   318   318   318   318
     Chief officer, chief    engineer, other
officers, including pursers                          318   318   318   318   318   318   318
     Chief steward                                   318   318   318   318   318   318   318
     Assistant steward                               244   244   244   244   244   244   244
     Carpenter                                       194   194   194   194   194   194   194
     Other ranks                                     148   148   148   148   148   148   148
Mercantile marine officers and crews of Irish
ships
Foreign-going trade: cargo vessels
      Master                                         98    98    98    98    98    98    98
      Chief officer, chief engineer, radio officer   90    90    90    90    90    90    90
      Other officers including pursers               73    73    73    73    73    73    73
      Chief steward                                  73    73    73    73    73    73    73
      Assistant steward                              55    55    55    55    55    55    55
      Carpenter (to include tools)                   55    55    55    55    55    55    55
      Other ranks, including boys                    37    37    37    37    37    37    37
Home trade:
(a) Cross channel and continental
     Master                                          98    98    98    98    98    98    98
     Chief officer, chief engineer, radio officer    90    90    90    90    90    90    90
     Other officers, including pursers               73    73    73    73    73    73    73
     Chief steward                                   73    73    73    73    73    73    73
     Assistant steward                               55    55    55    55    55    55    55
     Carpenter (to include tools)                    55    55    55    55    55    55    55
     Other ranks including boys                      37    37    37    37    37    37    37
(b) Coasting vessels
     Master                                          98    98    98    98    98    98    98
     Chief officer, chief engineer, radio officer    90    90    90    90    90    90    90
     Other officers,
     including pursers                               73    73    73    73    73    73    73
     Chief steward                                   73    73    73    73    73    73    73
     Assistant steward                               55    55    55    55    55    55    55
     Carpenter (to include tools)                    55    55    55    55    55    55    55
     Other ranks, including boys                     37    37    37    37    37    37    37

Shop Assistants
(including supermarket staff, general shop
workers, drapery and footwear assistants)            121   121   121   121   121   121   115
Surveyors employed by:
    Local Authorities                                127   127   127   127   127   127   127
    Civil Service                                    127   127   127   127   127   127   127
    Coillte                                          127   127   127   127   127   127   127
Teachers

TB Supplement September 2011                                      77
    Teachers [excluding guidance counsellors,
third-level academic staff and physical
education teachers]
    School principals                           608     608   608    608   608   558   558
    Other teachers                              518     518   518    518   518   475   475
    Part-time teacher (on full hours)           518     518   518    518   518   475   475
    Part-time (not on full hours)               279     279   279    279   279   256   256
Guidance Counsellors
    (a) employed full-time in second level
schools                                         518     518   518    518   518   475   475
(b) engaged mainly in teaching general
subjects but also doing part-time guidance
counselling (additional allowance)              126     126   126    126   126   115   115
Third level academic staff
   Professor, Heads of
Schools/Departments                             608     608   608    608   608   558   558
   Senior lecturer                              518     518   518    518   518   475   475
   College lecturer                             518     518   518    518   518   475   475
   Assistant lecturer                           518     518   518    518   518   475   475
   Part-time lecturer (on full hours)           518     518   518    518   518   475   475
   Part-time lecturer (not on full hours)       279     279   279    279   279   256   256
Physical education teachers
   (a) fully engaged in teaching P.E.           518     518   518    518   518   475   475
   (b) engaged mainly in teaching general
subjects but also doing part-time P.E.
(additional allowance)                          126     126   126    126   126   115   115
Veterinary Surgeons                             337     337   337    337   337   337   337

NOTE: Expenses deductions to be apportioned on a time
basis



Motoring expenses

Some employees use their private cars for business purposes. Re-imbursement of
motoring expenses incurred can be dealt with in various ways. Employers are reminded
that round-sum motoring expenses payments are taxable in full and must be treated as
pay. Please see earlier paragraph 'Round-Sum Expenses'.


Re-imbursement of Motoring Expenses by Flat-Rate Kilometric allowances

Where employees use their private cars for business purposes, re-imbursement in respect
of allowable motoring expenses can be made by way of flat-rate kilometric allowances.
There are two types of kilometric allowance schemes which are acceptable for tax
purposes, if an employee bears all the motoring expenses:

    •   The prevailing schedule of Civil Service rates or
    •   Any other schedule with rates not greater than the Civil Service rates

Please see IT 51- Employees Motoring Expenses for full details.




TB Supplement September 2011                                    78
Expenses claims submitted to Revenue

As an alternative to the re-imbursement by the employer an employee may submit a claim
to Revenue ( Car Expenses claim form) (PDF, 598KB) for an expenses deduction (and
any wear and tear allowance in respect of the motor vehicle). However, where the
employee decides to make such a claim, any re-imbursement of expenses by the
employer, including any scale allowances, must be treated as pay and taxed accordingly.
Employees cannot claim from Revenue for any expenses that are or will be re-imbursed by
the employer.


Information Required

   •   Date of purchase of car.
   •   Purchase price.
   •   Whether new/second-hand.
   •   Date from which car was used for business purposes.
   •   Mileage and percentage of business to private use.
   •   Running Costs - Repairs, Service, Tax and Insurance.
   •   Any reimbursement of running cost made by the employer.


The Civil Service rates

The Civil Service kilometric rates for cars, motorcycles and bicycles for individuals who are
obliged to use their car, motorcycle or bicycle in the performance of the duties of their
employment, are as follows:


                        Motor cars effective from 5 March 2009
 Official Motor Travel Engine Capacity:        Engine Capacity:    Engine Capacity:
  in a calendar year     Up to 1,200 cc      1,201 cc to 1,500 cc 1,501 cc and over
Up to 6,437km          39.12 cent           46.25 cent            59.07 cent
6,438km and over       21.22 cent           23.62 cent            28.46 cent
                  Motor cars effective from 1 July 2008 to 4 March 2009
 Official Motor Travel Engine Capacity:        Engine Capacity:       Engine Capacity:
  in a calendar year     Up to 1,200 cc       1,201 cc to 1,500 cc 1,501 cc and over
Up to 6,437km          52.16 cent            61.67 cent             78.76 cent
6,438km and over       28.29 cent            31.49 cent             37.94 cent




TB Supplement September 2011                                  79
Rates for Motorcycles

                         Motorcycles effective from 5 March 2009
   Official Motor          Engine
                                         Engine Capacity: Engine Capacity: 601cc
    Travel in a        Capacity: Up to
                                         151 cc to 250 cc 251 cc to 600 cc and over
   calendar year           150 cc
                                                                           28.59
Up to 6,437km         14.48 cent        20.10 cent          23.72 cent
                                                                           cent
                                                                           17.60
6,438km and over      9.37 cent         13.31 cent          15.29 cent
                                                                           cent
                 Motorcycles effective from 1 July 2008 to 4 March 2009
   Official Motor        Engine
                                         Engine Capacity: Engine Capacity: 601cc
    Travel in a      Capacity: Up to
                                          151 cc to 250 cc 251 cc to 600 cc and over
   calendar year          150 cc
                                                                            38.12
Up to 6,437km       19.30 cent           26.80 cent         31.62 cent
                                                                            cent
                                                                            23.46
6,438km and over 12.49 cent              17.75 cent         20.39 cent
                                                                            cent


Rates for Bicycles

          Kilometric Rates for Bicycles
      Operative Date         Rate per Kilometre
From February 1st 2007 8 cent
Prior to 1st February 2007 4 cent
Rates per Kilometre (1 mile = 1.609 kilometres)


Employees' Subsistence Expenses

Schedule based on current Civil Service Subsistence Rates for absences within the
State

The following schedule of rates has been agreed under the Scheme of Conciliation and
Arbitration for the Civil Service.

           Table of Domestic Subsistence Rates effective from 5 March 2009
                Overnight Allowances                        Day Allowances
          Normal     Reduced      Detention     10 hours or 5 hours but less than
           Rate        Rate          Rate          more               10 hours
Class
      €108.99        €100.48     €54.48           €33.61        €13.71
  A
Class
      €107.69        €92.11      €53.87           €33.61        €13.71
  B


TB Supplement September 2011                               80
    Table of Domestic Subsistence Rates effective from 1 July 2008 to 4 March 2009
                Overnight Allowances                       Day Allowances
         Normal      Reduced      Detention      10 hours or 5 hours but less than
           Rate        Rate         Rate             more              10 hours
Class
       €145.32     €133.97      €72.64          €44.81          €18.28
  A
Class
       €143.58     €122.81      €71.82          €44.81          €18.28
  B



Notes on Schedule:

There are detailed rules and conditions governing the payment of subsistence allowances
in the Civil Service. The following notes are indicative of some of the relevant provisions



(i) Class of Allowances
The rate of allowance depends on the grade of officer. The approximate grade levels, and
present minimum annual salaries, are broadly as follows:

      Class A:
Assistant Principals, higher grades and equivalents. All grades with the same salary scales
as Engineer Grade 11 (Civil).
Full PRSI - €69,659
Modified PRSI - €66,179

      Class B:
Higher Executive and Executive Officers, Administrative Officer, Staff Officer, whose pay is
above the maximum of the Clerical Officer, Clerical Officers on and above the CO
standard scale maximum, and equivalents.
Full PRSI - €37,536
Modified PRSI - €35,660



(ii) Overnight Allowance

Overnight Allowance (over 24 hours absence)

An overnight allowance covers a period of up to 24 hours from the time of departure, as
well as any further period not exceeding 5 hours, which is necessarily spent overnight
away from the normal place of work.
Where an absence exceeds 24 hours, a day allowance at the appropriate rate may be paid
only if the last period of 24 hours is exceeded by 5 or more hours.

Normal Rate
This is payable for absences up to 14 nights.



TB Supplement September 2011                                  81
Reduced Rate
This is payable for each of the next 14 nights.

Detention Rates
This is payable for each of the next 28 nights.

Absences Over 56 Nights
Employers should make application to the appropriate Revenue office with a view to
agreeing the rate to be applied.

The period of subsistence at any one location is limited to six months. Any departure from
this position e.g. for continuation of the subsistence period for a short duration, is
considered on the circumstances of the individual case.

Continuous Absence
Certain absences from a particular temporary location would not be regarded as breaking
the continuity of stay for the purpose of reducing the subsistence allowance. These
absences would include absences of not more than two nights due to a return on official
business to the employee’s normal place of work, plus any nights of a weekend or public
holidays or return visits home or annual leave. These absences would not, of course,
qualify for subsistence allowance.

Teamworkers
Where employees are working as team members and it is necessary for junior team
members to stay in the same accommodation as senior team members who qualify for a
higher rate of subsistence, such higher rate may also apply to the junior team members.



(iii) Day Allowances:

   •   5 to 10 hours absence
   •   over 10 hours absence

A day allowance applies to continuous absence of 5 hours or more, provided the absence
is not at a place within 5 kilometres of the employee’s home or normal place of work.
There are two categories of day allowance, namely, 5 to 10 hours absence and over 10
hours absence.


Appendix 2

Schedule based on current Civil Service Subsistence Rates for absences outside
the State


Details of quantum of Civil Service subsistence rates for certain foreign countries are
available from any Regional Revenue Office.




TB Supplement September 2011                                  82
The Civil Service schedule of rates may be applied in the following manner in respect of
temporary (up to six months) absence:

                              Civil Service rates
Period of Assignment Abroad % of Subsistence Rate for relevant location
First month                     100%
Second and Third month          75%
Fourth, Fifth and Sixth month   50%

The rates may be used only in respect of the reimbursement of allowable subsistence
expenses where the employee is working abroad on a foreign assignment. "Working
abroad" on foreign assignment” means that the employee is actually performing the duties
of the employment abroad for a temporary period. Where actual vouched expenses
exceed the flat rate allowances such vouched expenses may be used instead of flat rate
allowances.

Long term Absences
For long term absences (where assignment period is greater than six months),
reimbursement of allowable subsistence expenses may be made in the following manner:



                             allowable subsistence expenses
       Period of Assignment Abroad                      Allowable Subsistence
First month of assignment (to facilitate the
employee obtaining self catering             Up to the Overnight Rate
accommodation)
                                             Up to the cost of reasonable accommodation
Remainder of Assignment                      plus 50% of the day rate (10 hours) for the
                                             location

   PDF Version of IT54 - Employees' Subsistence Expenses (PDF, 230KB)




TB Supplement September 2011                                 83
         Social Welfare Pensions and Allowances 2007-2011


Year                           2011           2010        2009             2008         2007
                             Weekly          Annual      Annual           Annual       Annual
                            Rates with       Rates       Rates            Rates        Rates
                           increase for
                              Adult
                            dependent
     State Pension              €                 €           €                    €
     Contributory
    Under 80; Basic          230.30          11,976      11,976           11,612       10,883
      Living Alone            7.70           12,376      12,376           12,012       11,283
      Spouse < 66            153.50          19,958      19,958           19,349       18,137
      Spouse > 66            206.30          22,704      22,704           22,012       19,879
     Over 80; Basic          240.30          12,496      12,496           12,132       11,403
      Living Alone            7.70           12,896      12,896           12,532       11,803
      Spouse < 66            153.50          20,478      20,478           19,869       18,657
      Spouse > 66            206.30          23,224      23,224           22,532       20,399
 Increase for each child      29.80           1,550       1,352        1,248            1,144



Widow’s/
Widower’s contributory pension/Deserted Wife’s Benefit


    Under 66; Basic          193.50          10,478      10,910           10,572        9,947
      Aged 66 – 79           230.30          11,976      11,976           11,612       10,883
      Living Alone            7.70           12,376      12,376           12,012       11,283
        Over 80              240.30          12,496      12,496           12,132       11,403
      Living Alone            7.70           12,896      12,896           12,532       11,803
 Increase for each child      29.80       1,550       1,352            1,248            1,144

Illness Benefit
     Personal Rate           188.00          10,192      10,624           10,286        9,662
    Person with Adult        124.80          16,957      17,675           17,113       16,073
       Dependent
Jobseekers Benefit*

    Personal Rate            188.00          10,192      10,624           10,286        9,662
   Person with Adult         124.80          16,957      17,675           17,113       16,073
      Dependent



         TB Supplement September 2011                             84
          Year                2011           2010           2009              2008         2007
                             Weekly         Annual         Annual            Annual       Annual
                             Rates          Rates          Rates             Rates        Rates
           €                    €              €             €                        €

One Parent Family Payment

Aged under 66, including 217.80          11,742         11,976            11,534          10,805
       one child

   Increase for each          29.80          1,550          1,352         1,248           1,144
    additional child
       dependant

Invalidity Pensions
     Under 65; Basic          193.50        10,478          10,910           10,572        9,947
      Living Alone              7.70        10,878          11,310           10,972       10,347
      Spouse < 66             138.10        17,956          18,694           18,117       17,045
      Spouse > 66             206.30        21,653          21,653           20,972       18,943
      Aged 65 – 79            230.30        11,976          11,976           11,612       10,883
      Living Alone              7.70        12,376          12,376           12,012       11,283
      Spouse < 66             138.10        19,760          19,760           19,157       17,981
      Spouse > 66             206.30        22,704          22,704           22,012       19,879
        Over 80               240.30        12,496          12,496           12,132       11,403
      Living Alone              7.70        12,896          12,896           12,532       11,803
      Spouse < 66             138.10        20,478          20,478           19,869       18,501
      Spouse > 66             206.30        23,224          23,224           22,532       20,399
 Increase for each Child       29.80        1,550           1,352         1,248            1,144
       Dependent
Carer’s Benefit
  Personal Rate for one       205.00        11,076          11,503           11,164       10,436
         person
Personal Rate for two or      307.50        16,614          17,254           16,749       15,657
      more people

 Increase for each child      29.80          1,550          1,352         1,248           1,144
       dependent

        *Jobseeker’s Allowance and Supplementary Welfare Allowance
        People of Working Age (under age 66)

        The rate of Jobseeker’s Allowance or Supplementary Welfare Allowance paid to people
        aged 18-21inclusive will remain unchanged at €100 per week.

        The rate of Jobseeker’s Allowance or Supplementary Welfare Allowance paid to recipients
        aged 22, 23 and 24 years is being reduced to €144 per week with effect from January
        2011.

        TB Supplement September 2011                                 85
Qualified Child Increase

The Qualified Child Increase for families who are dependent on a weekly social welfare
payment will remain unchanged at €29.80 per week




TB Supplement September 2011                                86
Average Market Mid-Closing Exchange Rates v Euro
The following are the Average Market Mid-Closing Exchange Rates v the Euro as supplied
by the Central Bank:

Average Market Mid-Closing Exchange Rates v. €
                   2007 2008 2009        2010
Australian dollar 1.6348 1.7416 1.7727 1.4423
Canadian dollar 1.4678 1.5594 1.5850 1.3651
  Danish krone 7.4506 7.4560 7.4462 7.4473
 Japanese yen 161.25 152.46 130.34 116.24
Norwegian krone 8.0165 8.2237 8.7278 8.0043
 Pound sterling 0.6843 0.7962 0.8909 0.85784
 Swedish krona 9.2501 9.6152 10.6191 9.5373
   Swiss franc    1.6427 1.5874 1.5100 1.3803
    US dollar     1.3705 1.4708 1.3948 1.3257



Lloyds Conversion Rate

For accounts closed in the calendar year 2010, the conversion rate of sterling to euro
should be calculated by reference to the sterling mid-closing rate on the last market day of
that calendar year, as supplied by the Central Bank, as follows:

2010: Stg £1 = €1.16177




TB Supplement September 2011                                  87
Some Electronic Services Provided by Revenue
•     ROS

•     PAYE Anytime

•     Get Desktop Apps

•     Tax Clearance

•     Mortgage Interest Relief

•     VRT Calculator

•      Revenue eBrief


•     Secure Email




TB Supplement September 2011         88
Tax Briefing Index

       Category of Articles

   •        Capital Acquisitions Tax (PDF, 111KB)
   •        Capital Gains Tax (PDF, 114KB)
   •        Collector General / Employer Information (PDF, 115KB)
   •        Corporation Tax (PDF, 119KB)
   •        Customs & Excise (PDF, 126KB)
   •        Dividend Withholding Tax (PDF, 126KB)
   •        Euro (PDF, 111KB)
   •        General (PDF, 120KB)
   •        Income Tax (PDF, 142KB)
   •        Residential Property Tax (PDF, 126KB)
   •        ROS (PDF, 114KB)
   •        Revenue Audit (PDF, 127KB)
   •        Stamp Duty (PDF, 112KB)
   •        Tonnage Tax (PDF, 126KB)
   •        Value Added Tax (PDF, 121KB)
   •        Vehicle Registration Tax (PDF, 126KB)




TB Supplement September 2011                                89

				
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