Revenue Commissoners Letter
Reviewing And Correcting Your Tax Returns
You may receive a letter from Revenue headed with Reviewing and Correcting your Tax Returns,which we have enclosed below. Revenue are in the process of writing to all tax payers who have filed a 2015 tax return to bring a change in the code of practice to their attention.
From 1 May 2017, they will restrict the benefits of a Qualifying Disclosure in relation to any “off shore” assets. Full details of this change are available on the Revenue Website. Just because you received this letter does not necessarily mean the Revenue think you have any “off shore” assets or other issues.
If you have previously undeclared assets abroad or if you have any queries about this letter, please contact us immediately.
Ryan & Crowley.
Get Export Ready!
Export and import regulations
Information in this article relates to the movement of goods to a destination outside the European Union (EU), sometimes called ‘export to a third country’. Trading outside the EU is often subject to restrictions and may require additional licenses. Goods are controlled both at the time of export from Ireland and when imported into another country. You, as the exporter, are responsible for both export and import documents, and for ensuring your customer receives the required documents for importation before the goods arrive.
VAT FRAUD – HOW CAN YOU PROTECT YOUR BUSINESS?
With the ever-changing pace in business and emerging markets, VAT Fraud is becoming more prevalent. The European Court of Justice in a number of cases concerning VAT fraud has held that:
HOW DO YOU GET THE BEST RATES WHEN TRANSFERRING MONEY ABROAD?
There are a lot of different ways of transferring your money abroad. Most people assume that an international wire transfer through your bank is the standard way to transfer money internationally but this is not the case. In fact, international money transfers through your bank can actually be one of the most expensive ways of transferring money from one country to another. Banks will charge a fee for transferring your money and they are unlikely to give you a good exchange rate.