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This morning the Irish Government revealed an innovative new ‘cash for start-ups’ initiative called the SURE scheme, which lets founders claim 41pc of their tax back on earnings over the last six years. The scheme was unveiled this morning by Finance Minister Michael Noonan TD and Jobs Minister Richard Bruton TD  and is aimed at encouraging more people to start their own companies. 1. How does the SURE scheme operate? The SURE scheme operates as a refund... | Read on »

Pepper Asset Servicing has announced details of how it plans to deal with 3,500 subprime mortgage customers in Ireland. The deal on offer may be indicative of future deals that banks may offer to mortgage holders who cannot pay their mortgages on time. – Mortgages will be split into two parts, one live and one parked. The split will be based on the ability of the person to repay. – Up to half the mortgage... | Read on »

Revenue is determined to maintain the current high levels of compliance notwithstanding the more difficult economic circumstances in which businesses and taxpayers are now operating. Therefore Revenue expects that taxpayers and businesses organise their financial affairs to ensure that they pay their tax debts by the due date. Revenue also acknowledges that in the current economic slowdown some businesses and taxpayers are currently experiencing difficulties in meeting their tax payment obligations even where they are... | Read on »

Self-Assessment gives you greater control and responsibility over your tax affairs. It applies for Income Tax purposes to: Self-employed people (i.e. people carrying on their own business including farming, professions or vocations) People receiving income from sources where some or all of the tax cannot be collected under the PAYE system, for example: profits from rents, investment income, foreign income and foreign pensions, maintenance payments to separated persons, fees, profit arising on exercising various Share... | Read on »