TAX BRIEFING SupplementA comprehensive listing of Revenue Publications, useful Tables & Reference Charts
May 2004 Supplement
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CONTENTSTax Credits, Rates, & Exemptions etc.
Income TaxStamp DutyVAT / VRT / Excise DutiesCGT / CT / CAT
Tax Briefing Index
Revenue Information Leaflets and Guides
Statements of Practice
Conversion Rates
Double Taxation Treaties
Irish Tax TreatiesTable of Source Country Tax Rates for Dividends, Interest and Royalties
CGT Multipliers
Schedule E Expenses
Authorised Health Insurers
Social Insurance Pensions and Allowances
Employees’ Motoring Expenses
Employees’ Subsistence Expenses
Revenue eBrief
Revenue News
Telephone Numbers
Tax Briefing Supplement - May 2004
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The following are some of the lists are available on our website at www.revenue.ie:Approved Hospitals & Nursing Homes - Section 469 TCA 1997
Approved Colleges & Courses - Sections 473A TCA 1997
Approved Courses (IT & Foreign Language) and Course Providers - Section 476 TCA 1997
Distributing Offshore Funds approved in accordance with Section 744 TCA 1997
Properties determined by Revenue under Section 482 TCA 1997
Eligible Charities for the purposes of the scheme of tax relief on donations under the terms ofSection 848A TCA 1997.
Approved Bodies for Education in the Arts - Part 2, Sch. 26A TCA 1997
Tax Briefing is produced by: Operations Policy and Evaluation Division,Communications Policy and Evaluation Branch,Revenue Commissioners,Ardilaun House,St. Stephen’s Green West,Dublin 2.
Editor:Telephone:Assistant Editor:Telephone:Fax:E-mail:Design:
Allen Finnegan01 - 647 5000, Ext. 75440 Bernard King1890 236 336, Ext. 45515 01 - 644 [email protected] Duncan
While every effort is made to ensure that the information given in this publication is accurate, it is not a legaldocument. Responsibility cannot be accepted for any liability incurred or loss suffered as a consequence of relyingon any matter published herein.
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http://www.revenue.ie/publications/lists/apphos00.htmhttp://www.revenue.ie/publications/lists/LstD0003.dochttp://www.revenue.ie/publications/lists/S476Ju03.xlshttp://www.revenue.ie/publications/lists/offshore.htmhttp://www.revenue.ie/doc/sig_prop.dochttp://www.revenue.ie/doc/sn45.dochttp://www.revenue.ie/publications/lists/giftlist.htm
INCOME TAX
The following chart gives details of the main tax credits for 2003 and 2004.
Personal Tax Credits
Tax Year 2003 Tax Year 2004
£ £
Single Person’s Tax CreditMarried Person’s Tax CreditWidowed Person’s Tax Credit
qualifying for One-Parent Family Tax Creditwithout dependent childrenin year of bereavement
1,5203,040
1,5201,8203,040
1,5203,040
1,5201,8203,040
One-Parent Family Tax Credit(with qualifying dependent children)Widowed, Deserted, Separated or Unmarried 1,520 1,520
Widowed ParentBereaved in 2003Bereaved in 2002Bereaved in 2001Bereaved in 2000/2001Bereaved in 1999/2000Bereaved in 1998/1999
-2,6002,1001,6001,100
600
2,6002,1001,6001,100
600-
Home Carer’s Tax Credit (Max) 770 770
PAYE Tax Credit 800 1,040
Age Tax Credit(a) Single/Widowed(b) Married
205410
205410
Incapacitated Child Tax Credit 500 500
Dependent Relative Tax Credit (See Note 1) 60 60
Blind Person’s Tax Credit One spouse blindBoth spouses blind
Additional Allowance for a Guide Dog (See Note 2)
8001,600
825
8001,600
825
Incapacitated Person -Allowance for Employing a Carer (See Note 2) 30,000 max 30,000 max
Note 1: Tax Year 2003 Tax Year 2004£ £
The relative’s income limits are: *9,852 *10,372
If the relative’s income exceeds the relevant limit no tax credit is due.
Note 2: Relief in respect of a Guide Dog and for Employing a Carer are allowable at the individual’s highest rate of tax i.e. 20% or42% as appropriate in both years.
Tax Briefing Supplement - May 2004
TAX CREDITS, RATES & EXEMPTIONS
3
Tax Relief for Loan Interest (Secured andUnsecured)
Tax Relief at Source (TRS) on Secured LoansTax Relief for home mortgage interest (Secured loans) isnot given through the tax system but is instead granted atsource (TRS). Mortgage repayments are be reduced bythe amount of the tax credit due. For example, if theinterest element of the mortgage repayment per month is£100, the mortgage lender will reduce the monthlymortgage payment by £20 per month. This reduction isthe same as giving tax relief at the standard rate of tax(20%).
Any future adjustments in the tax relief will be madeautomatically by the mortgage lender. It will therefore notbe necessary to claim relief on the annual tax return or tocontact the tax office.
Unsecured Home LoansRelief for interest payments made on unsecured HomeLoans used for qualifying purposes, i.e., repair orimprovement of an individual’s sole or main residence canbe claimed by review at the end of the tax year.
Amount of Relief AvailableRelief is due at the standard rate of tax (20%) in the year2003 and 2004 subject to the following upper limits:
Tax Year 2003 & 2004 Single Widowed Married
First Mortgage(first seven years)Others
£800£508
£1,600£1,016
£1,600£1,016
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RATES & EXEMPTIONS
INCOME TAX BANDS
PersonalCircumstances
Tax Year 2003 Tax Year 2004
£ £
Single/Widowedwithout dependentchildren
28,000 @ 20%Balance @ 42%
28,000 @ 20%Balance @ 42%
Single/WidowedQualifying forOne-Parent Family taxcredit
32,000 @ 20%Balance @ 42%
32,000 @ 20%Balance @ 42%
Married Couple(one spouse withincome)
37,000 @ 20%Balance @ 42%
37,000 @ 20%Balance @ 42%
Married Couple(both spouses withincome)
37,000 @ 20%(with an increaseof 19,000 max.)Balance @ 42%
37,000 @ 20%(with an increaseof 19,000 max.)Balance @ 42%
Note: The increase in the standard rate tax band is restricted to the lower of£19,000 or the amount of the income of the spouse with the lower income. Theincrease is not transferable between spouses.
EXEMPTION LIMITS
Tax Year2003
Tax Year2004
£ £
Single/Widowedunder 6565 years or over
Marriedunder 6565 years or over
Additional forDependent Children1st and 2nd child (each)Each subsequent child
Marginal Relief Tax Rate
5,21015,000
10,42030,000
575830
40%
5,21015,500
10,42031,000
575830
40%
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Tax Briefing Supplement - May 2004
PRSI & HEALTH CONTRIBUTIONS
Class A (Normal rate at which contributions aremade)
Employee’sIncome
chargeable asbelow:
TotalEmployer’s
Rate
Tax Year2003
Income up to£40,420 to PRSI @4% plus a HealthContribution @ 2%
Over £40,420 to aHealth Contribution@ 2%
6%
2%
10.75%
10.75%
Tax Year2004
Income up to£42,160 to PRSI @4% plus a HealthContribution @ 2%
Over £42,160 to aHealth Contribution@ 2%
6%
2%
10.75%
10.75%
Employees are exempt from PRSI on the first £127 perweek or £26 per week for employees on a modified PRSIrate. Employees earning £287 or less per week are exemptfrom PRSI and Health Contribution. However, whereearnings exceed £287 per week, the employee’s PRSI FreeAllowance remains at £127 per week or £26 per week foremployees on a modified PRSI rate. Employees earning£356 or less per week are exempt from the HealthContribution of 2%.
Note: Recipients of a Social Welfare Widow’s orWidower’s Pension, Deserted Wife’s Benefit/Allowance orOne-Parent Family Payment are exempt from paying the2% Health Contribution. All Medical Card holders(including people age 70 or over, from 1 July 2001) arealso exempt from this contribution.
Class S (Self-Employed)Class S (Self-Employed) Total
Tax Year2003
3% PRSI and 2% HealthContribution on all income
5%
Tax Year2004
3% PRSI and 2% HealthContribution on all income
5%
2003 & 2004: Self employed persons are exempt fromHealth Contribution of 2% where the annual income isless than £18,512.
The minimum annual PRSI contribution is £253.
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Tax Briefing Supplement - May 2004
BENEFIT-IN-KIND
With effect from 1 January 2004, PAYE, PRSI and theHealth Contribution must be operated by employers inrespect of the taxable value of most benefits-in-kind andother non-cash benefits provided by them for theiremployees. Full details can be obtained in Employer’sGuide to operating PAYE and PRSI for certain benefits availableon Revenue’s website, www.revenue.ie, from Revenue’sForms and Leaflets Service at LoCall 1890 30 67 06, orfrom any Revenue office.
Cars (2004 et seq.)The notional pay to which PAYE and PRSI must beapplied is determined by reference to the “cashequivalent” of the private use of a company car. To arriveat the cash equivalent the employer must first apply abusiness mileage related percentage to the OriginalMarket Value (OMV) of the vehicle supplied (whether thevehicle is owned acquired new or second-hand or leasedby the employer).
Annual Business MileageThresholds
Cash Equivalent (% ofOMV)
15,000 or less15,001 to 20,00020,001 to 25,00025,001 to 30,00030,001 and over
30%24%18%12%6%
The cash equivalent is then reduced by any amountrequired to be made good, and actually made good, by theemployee directly to the employer in respect of any part ofthe cost of providing or running the car. For example, ifan employee is required to pay directly to the employer£50 per month in respect of petrol, the cash equivalent forthe year would be reduced by £600. If, without involvingthe employer, the employee pays £50 per month inpurchasing petrol for the company car, the cash equivalentis not reduced.
Alternative Basis for certain employees with lowbusiness mileage
In the case of certain employees whose annual businessmileage does not exceed 15,000 miles, the cash equivalentof 30% of OMV may be reduced by 20% giving aneffective cash equivalent of 24% of OMV.
This alternative basis is available where the followingconditions are complied with. The employee:
� works an average of not less than 20 hours per week
� travels at least 5,000 business miles per annum on theemployer’s business
� spends at least 70% of his or her working time awayfrom the employer’s premises
� retains a log book detailing business mileage, businesstransacted, business time travelled
and date of journey, and the log book is certified by theemployer as being correct.
2003 and prior:
Notes on the calculation of benefit in kind on motorcarsfor the years 2003 and prior are given in previous issues ofTax Briefing Supplement.
Preferential LoansPAYE and PRSI apply to the benefit derived by anemployee from certain loans at preferential rates ofinterest.
PAYE and PRSI are to be applied to the differencebetween the amount of interest paid or payable on thepreferential loan in the tax year and the amount of interestwhich would have been payable in the tax year if the loanhad been subject to the ‘specified rate’.
Preferential Loans:HomeLoans
OtherLoans
Tax Year 2003 “Specified Rate” 4.5% 11%
Tax Year 2004 “Specified Rate” 3.5% 11%
Note: The amount of the benefit-in-kind on a home loanis treated as home loan interest paid. Tax relief is availableon the deemed interest paid on a home loan.
Bus & Train PassesBenefit-in-kind does not apply to the provision of certainmonthly or annual bus or train pass by an employer to anemployee or director.
Mobile phones and Laptops provided by anemployer
Where an employer provides an employee with a mobilephone or a laptop for business purposes, a taxable benefitwill not be treated as arising if private use is merelyincidental to the business use.
Professional subscriptionsWhere the employer pays a subscription to a professionalbody on behalf of an employee, or reimburses theemployee who has paid such a subscription, a taxablebenefit or emoluments will not be treated as arising ifmembership of that professional body is relevant to thebusiness of the employer.
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STAMP DUTY RATES
Conveyances/Transfers/Assignments of Lands,Buildings etc.
Residential Property - Rates of Stamp DutyAggregate
ConsiderationFirst TimeBuyer Rate
Full Rate
Less than £127,000£127,001 - £190,500£190,501 - £254,000£254,001 - £317,500£317,501 - £381,000£381,001 - £635,000Over £635,000
ExemptExempt
3%3.75%4.5%7.5%9%
Exempt3%4%5%6%
7.5%9%
Non Residential Property - Rates of Stamp Duty
Rate of DutyThresholds from 4 December 2002
£
Exempt1%2%3%4%5%6%7%8%9%
Up to 10,00010,001 - 20,00020,001 - 30,00030,001 - 40,00040,001 - 70,00070,001 - 80,000
80,001 - 100,000100,001 - 120,000120,001 - 150,000
Over 150,000
Conveyances/Transfers of Stocks/MarketableSecurities
Duty is 1% of the consideration paid for theshares/marketable securities.
Where a computation of the 1% duty on the transfer ofshares falls under £1, a minimum duty of £1 is payable inrespect of instruments executed on or after 6 February 2003.
GiftsWhere property is transferred as a gift or for less than fullvalue duty is charged on the market value of the propertyat the appropriate rate.
LeasesDuty is payable on both the rent and the premium.
RentRent Rate of Duty
Lease of a house or apartment for aterm which is indefinite or does notexceed 35 years and where the rentdoes not exceed £19,050 p.a.
In all other cases, where the lease isfor a term:
· which is indefinite or doesnot exceed 35 years
· which exceeds 35 years butdoes not exceed 100 years
· which exceeds 100 years
Review Clause
Exempt
1% of the averageannual rent
6% of the averageannual rent
12% of the averageannual rent
£12.50
PremiumThe rates of duty are the same as those shown underconveyances/transfers/assignments of lands/buildings, etc.
MortgagesPrimary or Principal Security Rate of Duty
Where the total amount secured:· does not exceed £254,000· exceeds £254,000
Exempt0.1% of the amountsecured subject to amaximum of £630.
Equitable Mortgage or Transfer,Assignment or Disposition of a
Mortgage:Rate of Duty
Where the total amount secured:· does not exceed £254,000· exceeds £254,000
Exempt0.05% of the amounttransferred, assigned ordisposed subject to amaximum of £630.
Where the calculation results in an amount which is not a multiple
of £1 the amount must be rounded down to the nearest £1.
Main Exemptions/Reliefs� Transfer of property between spouses - exempt. The
exemption also applies to property transferredbetween divorced couples on foot of certain ordersmade by Irish or foreign Courts.
� Intragroup transfers - exempt
� Company reconstructions and amalgamations -exempt
� Certain financial instruments - exempt
� Consanguinity relief - applies to transfers of land,buildings, etc. to certain relatives, e.g., parent,grandparent, step-parent, child, brother, sister,half-brother/sister, aunt, uncle, niece, nephew. Halfthe normal rate of duty applies. This relief does notapply to leases.
� New Houses - owner occupier - floor areacertificate - exempt. Floor area compliancecertificate replaces the floor area certificate forinstruments transferring houses greater than38 sq. m. and less than 125 sq. m. executed after1 April 2004. A floor area compliance certificate isalso required for instruments dated on or after1 July 2004 transferring new houses greater than125 sq. m. Duty is charged on site value or onequarter of total value of house including site,whichever is the greater, subject to clawback
� Charities - conveyance/transfer/lease of land - exempt
� Young trained farmer relief - full reduction of dutyotherwise payable. Section 81A Stamp DutiesConsolidation Act 1999 provides an updated list ofeducational qualifications and changes to thestandards of those qualifications, as well asproviding for individuals with learning disabilities
� Commercial woodlands - duty not chargeable onthe value of the trees growing on the land
� Transfer of a site from parent to child - exemptionthreshold £254,000
Tax Briefing Supplement - May 2004
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STAMP DUTY RATES continued
� Intellectual property - certain internationaltrademarks - exempt. Instruments, dated on or after1 April 2004, effecting the sale, transfer, or otherdisposition of intellectual property including anycontract or agreement for sale. Intellectual propertyincludes patents, trademarks, copyrights, registereddesign, design right, invention, domain name, plantbreeders rights and also any goodwill attributable tothe aforementioned.
VALUE ADDED TAX
Taxable Persons must register for VAT where the amountof their annual turnover i.e., the amount of receiptsexcluding VAT, from the supplies of taxable goods andservices exceeds or is likely to exceed the following limits:
� £51,000 in respect of the supply of goods
� £25,500 in respect of the supply of services
Farmers, sea fishermen and traders whose turnover isbelow these limits are not generally obliged to register forVAT but may do so if they wish.
Certain other categories are also obliged to register forVAT, e.g., persons who receive taxable services fromabroad and foreign traders doing business in the State.Foreign traders must register irrespective of their level ofturnover.
Rates of VAT
2003 2004
Standard RateReduced Rates
21%13.5%, 4.3%, 0%
21%13.5%, 4.4%, 0%
VAT Property MultiplierThe multiplier to be used for the valuation of supplies ofan interest in immovable goods is 21.27 with effect from1 February 2004.
VEHICLE REGISTRATION TAX
Rates of VRT from 1 January 2003
CarsUp to 1400cc1401cc - 1900ccover 1900cc
22.5% of OMSP25% of OMSP Subject to a minimum30% of OMSP tax of £315
Small Vansand some jeeps
13.3% of OMSP } Subject to a minimumtax of £125
Motor CyclesNew
Used
£2 per cc up to 350cc and £1 per ccthereafter£2 per cc up to 350cc and £1 per ccthereafter less a deduction for age
Other Vehiclese.g. Tractors,Large Vans,Lorries, etc.
A Flat Rate of £50
OMSP = Open Market Selling Price
Tax Briefing Supplement - May 2004
7
}
EXCISE DUTIES
GOODS RATES
Still Wine and Made WineNot exceeding 5.5% volumeExceeding 5.5% but not exceeding15% volumeExceeding 15% Volume
Sparkling Wine, Sparkling MadeWine and ChampagneNot exceeding 5.5% volumeExceeding 5.5% volume
Cider and Perry (Still & Sparkling)Not exceeding 6% volumeExceeding 6% volume but notexceeding 8.5% volume
Still Cider and PerryExceeding 8.5% volume but notexceeding 15% volumeExceeding 15% volume
Sparkling Cider and PerryExceeding 8.5% volume
Spirits
Beer
Cigarettes
Cigars
Per Hectolitre£90.98
£273.00£396.12
Per Hectolitre
£90.98£546.01
Per Hectolitre£83.25
£192.47
£273.00£396.12
Per Hectolitre£546.01
Per litre of alcohol inSpirits£39.25 per litre
£19.87 per hectolitreper cent alcohol byvolume
£133.39 per thousandplus 18.32% of theretail price
£196.409 per kilogram
Mineral Oils
Description of Product Rate of Duty
Light Oil:Leaded petrolUnleaded petrolSuper unleaded petrolAviation gasoline
Heavy Oil:Used as a propellant withmax sulphur content of50mg per kgOther heavy oil used as apropellantKerosene used other than asa propellantFuel oilOther heavy oil (markedgas oil)
Liquefied Petroleum Gas:Used as a propellantOther liquefied petroleumgas
Substitute Fuel:Used as a propellantOther substitute fuel
£
553.04 per 1,000 litres442.68 per 1,000 litres547.79 per 1,000 litres276.52 per 1,000 litres
368.05 per 1,000 litres
420.44 per 1,000 litres
31.74 per 1,000 litres13.45 per 1,000 litres
47.36 per 1,000 litres
53.01 per 1,000 litres
18.15 per 1,000 litres
368.05 per 1,000 litres47.36 per 1,000 litres
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Tax Briefing Supplement - May 2004
8
CAPITAL GAINS TAX
CGT Rates
Ordinary RateApplies to all land, including developmentland from 1 December 1999
Certain Foreign Life Assurance Policiesand units in certain offshore funds
20%
40%
Individual Exemption
£1,270 per annum from 1 January 2002
For more specific details refer to the Guide to CapitalGains Tax.
CORPORATION TAX
Standard RateFrom 1/1/2003 (Trading Income*)Higher RateFrom 1/1/2003 (Non Trading Income**)
12.5%
25%
* Profits from dealing in land which has been fully developedare liable at 20%
** includes income chargeable under Case III, Case IV,Case V, income from working minerals, petroleumactivities and certain dealings in development land otherthan construction operations and dealing in land which hasbeen fully developed.
Sale of Residential Land
From 1/1/2000 20%
Manufacturing RateManufacturing relief is being phased outand the following companies areentitled to this relief until the datespecified.
Deemed manufacturing activitiescarried on in the Shannon Airport areaapproved on or before 31/5/1998.
Deemed manufacturing activitiescarried on in the Customs HouseDocks Area approved on or before31 July 1998.
Other manufacturing activities beingcarried on before 23 July 1998 (or grantapproved on or before 31 July 1998).
For all other companies the reliefexpired on the 31 December 2002.
10%
Relief expires31 December 2005
Relief expires31 December 2005
Relief expires31 December 2010
Qualifying Shipping TradeFrom 1/1/2001 12.5%
Tonnage TaxThis alternative method of calculating corporation taxcommenced on the 28 March 2003
CAPITAL ACQUISITIONS TAX
Rates
Threshold Amount
Balance
Nil
20%
Small Gift Exemption - £3,000 for gifts taken on or after1 January 2003.
Indexation FactorsFor Capital Acquisitions Tax purposes, in respect oftaxable gifts or inheritances taken in the following years,the index factors to be used are:
1990 1.041991 1.0761992 1.1091993 1.1451994 (prior to 11 April) 1.160(To be applied to the threshold amount)
1994 (on or after 11 April) 1.1601995 1.1881996 1.2171997 1.2371998 1.2561999 1.2862000 -(To be applied to the class threshold)
2001 1.0562002 1.1082003 1.1582004 1.198(To be applied to the group threshold)
Thresholds and IndexationFor the purpose of Gift and Inheritance Tax, therelationship between disponer and beneficiary, determinesthe maximum tax free threshold - known as the “groupthreshold”. Three Group thresholds were introduced on1 December 1999 in respect of gifts and inheritances takenbetween 1 December 1999 and 31 December 2000.Thereafter the Group thresholds are indexed in line withinflation.
The indexed Group thresholds for 2002, 2003 and 2004are set out in the table below.
ClassRelationship to
Disponer
Group Threshold
2002 (afterIndexation)
2003 (after
Indexation)
2004 (after
Indexation)
A Son/ daughter £422,148 £441,198 £456,438
BParent*/Niece/Nephew/Brother/Sister/Grandchild
£42,215 £44,120 £45,644
CRelationships other thanGroup A or B
£21,108 £22,060 £22,822
* In certain circumstances a parent taking an inheritance from achild can qualify for the Group A threshold.
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Main Heading Sub Heading Issue Reference
Capital Acquisitions Tax
Capital Gains Tax
Collector-General/Employer Information
Corporation Tax
Business Relief and Caravan ParksBusiness Relief - Debts and Excepted AssetsCompletion of Form IT38Finance Act 1998 ChangesFinance Act 1999 ChangesFinance Bill 2000 ChangesInherited House ReliefInterest on Unpaid/Overpaid Tax - CAT and ProbateReview and Appeal ProceduresSuccession Act
Appropriation of Assets to Trading StockBuy-Back of Shares - Trade Benefit TestCalculation of Base Cost (Shares)Clearance Certificates (CG50A)CorrespondenceDevelopment Land - Finance (No.2) Act 1998Development Land - Finance Bill 2000Development Land/Right of WayDevelopment Land/Part DisposalEircom Shares - Calculation of base costEU Group - Transfer of AssetsFinance Act 2003 ChangesFirst Active PLCJefferson Smurfit SharesLloyd’s CasesLloyd’s Reconstruction and Renewal SchemeLosses on disposal of BES sharesLosses - Negligible ValueNorwich Union SharesPartition of Family Trading CompaniesPayment DateRetirement Relief - Land let on ConacreRetirement Relief and LiquidationsRetirement Relief ReconstructionsRoll Over ReliefShares - Disposal ofTaxi PlateTime of DisposalTrade Benefit Test - Buy-Back of SharesTransfer of Assets within an EU GroupValuation of Unquoted Shares
Automated Remittance ProcessingCONTAX ProjectDirect Debit - Income Tax Preliminary TaxDirect Debit - VAT, PAYE/PRSIEuro - Election for PAYE/PRSIGIRO Payslips on Tax DocumentsIndustrial Training Apprenticeship Levy - PRSIIntegrated Taxation ProcessingIntegrated Taxation Processing - VATIntoxicating Liquor LicencesP35 Diskette for Tax PractitionersP35 - 1999/2000P35 - 2000/2001P35 - 2001P35 - 2002P35 - 2003Post-Dated ChequesSheriff’s Fees and Expenses Order 1998Tax Clearance - AutomaticTax Clearance - Intoxicating Liquor LicencesVAT Repayments - Electronic
ACT Set-off against SurchargeApproved Buildings/Gardens - Relief for expenditureBES Relief - Seed DressingBES - Extension of Limits
5533233236
39,4030313728
352546
35,5152
32,3339355246325353531924215230
44,5154362647
12,35,52403636253225
2335
35,3634332826353926393943465154
28,32,34332726
30,31,32,34
34173247
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Tax Briefing Supplement - May 2004
TAX BRIEFING INDEX [Items of Current/Ongoing Relevance]
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Main Heading Sub Heading Issue Reference
Corporation Tax Capital Allowances - Industrial & Commercial BuildingsCapital Allowances - Multi Storey Car ParksCapital Allowances - Plant in Leased BuildingsCapital Allowances - Transitional ArrangementsCapital Allowances - Video TapesCharities - Corporate DonationsCharities - Deeds of CovenantCharities - List of Natural SciencesCharities - Standard Memo and Articles of AssociationCompany Incorporation - Economic ActivityCompletion of ReturnsComputationsDesignated Schools - Tax Relief for GiftsEnterprise Areas - Urban Renewal ReliefForeign Income Dividend (FID’s)Form CT1 - AttachmentsForm CT1 CompletionIFSC - Audit ReportIFSC Certificates - Explanatory MemorandumIncorporation - Economic ActivityIndustrial & Commercial Buildings - Capital AllowancesInsolvency - Agreed PracticeInterest on late payments in Commercial TransactionsInvestment UndertakingsIrish Registered Non-Resident CompaniesLeases - Taxation TreatmentLeasing - Defeasance PaymentsLife Assurance Companies - EC Regulations 1996Life Assurance Companies - New Tax RegimeLosses, Charges and Group Relief OffsetManagement Expense - Supreme Court DecisionManufacturing ReliefManufacturing Relief - Blast Freezing and Cold StorageManufacturing Relief - Reduced CT RateManufacturing Relief - Road-Marking CompaniesManufacturing Relief - Supreme Court DecisionMulti-Storey Car ParksPatent RoyaltiesPay & File 2003Permanent Establishment - GuidelinesPre-Trading ExpensesPre-Trading InterestPrompt Payment Act - Treatment of InterestProperty Rental Companies - Management ExpensesPublic Private Partnership ProjectsReduced CT Rate (Calculations)Rental Income - Accountancy and Administration CostsRental Income - Accountancy FeesRental Income - ComputationsRental Income - Finance (No.2) Act 1998Rental Income - Interest on borrowingsRental Income - Management ExpensesRental Income - Pre-Letting ExpensesResidential Development LandResort Areas - Capital AllowancesResorts - Transitional ArrangementsReturns - AttachmentsReturns - Signature ofScientific ResearchStocklending and Repo TransactionsSurcharge - Undistributed income of Service CompaniesSurcharge and Section 23 ReliefTown Renewal SchemeTrading LossesUrban Renewal Relief - Enterprise AreasUrban Renewal Relief - Refurbished BuildingsUrban Renewal Relief - Residential Properties
412142311431313141424240342427
52,5329,37
3032424115524237
24,253124
41,4344, 51
40553329254121
27,3852,53
262711312539292531263232263140263152
8,1718
36,432525
37,41,4251242933
Queries
Queries
Tax Briefing Supplement - May 2004
10
TAX BRIEFING INDEX
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
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into a
Tax a
nd D
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text.
Tax Briefing Supplement - May 2004
Main Heading Sub Heading Issue Reference
Customs & Excise
Dividend WithholdingTax
EURO
General
EC/Mexico Preferential Trade AgreementExports to non-EU CountriesImporters - Generalised System of Preferences (GSP)
Finance Bill 1999 ProvisionsForms & Leaflet
Euro - Business GuideEuro - ChangeoverEuro - Changeover CostsEuro - Conversion RatesEuro - Corporation TaxEuro - PAYE/PRSIEuro - Revenue ServicesEuro - Technical Tax IssuesEuro - VAT
Bogus Non-Resident AccountsBudget to Finance Act - The StagesBudget 2000 HighlightsBudget 2001 - SummaryBudget 2002 - SummaryBudget 2003 - SummaryBudget 2004 - SummaryCasual EmployeesCompanies Registration Office - ComplianceCompliance Campaign 2000Compliance Campaign 2001Compliance - Companies Registration OfficeCompliance - Court ProceedingsCompliance - PAYE DirectorsCompliance - Strike-off of CompaniesDebt Management - Revenue StrategyDistrict Court Rules - Disclosure by FinancialInstitutionsDouble Taxation Agreements Withholding Tax RatesDouble Taxation Convention [Ireland/Mexico]Double Taxation Convention [Ireland/UK Protocol]Double Taxation Convention [Ireland/United States]E-Commerce - OECDE-Working and TaxElectronic Commerce ReportElectronic StorageExchange RatesFinance Act 1996 SummaryFinance Act 1997 SummaryFinance Bill 1998 - Non-Budget ItemsFinance Act 1998 - SummaryFinance Bill 2000 - SummaryFinance Act 2001Finance Act 2002Finance Act 2003Finance Act 2004Foreign Effective RatesFreedom of InformationIFSC - Audit ReportIFSC Certificates - Explanatory MemorandumIFSC - Ten Years oldInsolvency - Revenue PolicyInternational IssuesInternational Issues - Withholding Tax RatesLife Assurance Companies - EC Regulations 1996Lloyds CasesLloyd’s Reconstruction and Renewal SchemeLloyds Underwriters - Irish Names
413232
3536
3440, 44, 46
3135
32,5233303133
44,45,51,533838424751544640
38,39434038363242
41313434284345364655222730323943475255
32,5130,31,36
30322342
25,30,343124192426
TAX BRIEFING INDEX
11
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
ed
into a
Tax a
nd D
uty M
anua
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or oth
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bsite
text.
Tax Briefing Supplement - May 2004
Main Heading Sub Heading Issue Reference
General
Income Tax
Pension Transfer Agreement Irish/UK SchemesPensions - Small Self Administered SchemesPersonal Injuries - Exemption of IncomePersonal Public Service Number - PPS No.Phoenix CompaniesProsecution PolicyPRSI - Short Tax “Year”PRSI - Special Collection SystemPRSI - Voluntary ContributionsRegistration FormsRetention of RecordsReturns made by IntermediariesRevenue eBriefRevenue Lo-Call NumbersRevenue’s New StructureRevenue Offshore ProjectRevenue On Line Service [ROS]Revenue OpinionsRevenue Restructuring - CATRisk Analysis SystemROS - GeneralROS - How to RegisterROS - Performance Issues during Pay & FileSheriff’s Fees and Expenses Order 1998Tax Adviser Identification Number (TAIN)Tax Registration FormsThird Party ReturnsUK/Ireland Protocol to Double Taxation ConventionUnited States/Ireland - Double Taxation ConventionYear 2000 - Changeover Costs
Accounting Rules and Taxation - FRS 12Agency WorkersApproved Buildings/Gardens - Relief for expenditureArtists’ ExemptionBasis of Assessment - CessationBasis of Assessment - CommencementBenefit-in-Kind and CarsBenefit-in-Kind - Bus and Train PassesBenefit-in-Kind - Childcare ServicesBenefit-in-Kind - GeneralBridging Finance [Guidelines]Brood Mares - Book ValueCalendar Tax YearCapital Allowances - Childcare ServicesCapital Allowances - Industrial & Commercial BuildingsCapital Allowances - Married CouplesCapital Allowances - Multi Storey Car ParksCapital Allowances - Nursing HomesCapital Allowances - Plant in Leased BuildingsCapital Allowances - Resort AreasCapital Allowances - Transitional Arrangements 1998Carer’s Tax AllowanceCessation of a TradeCharities - Deeds of CovenantCharities - List of Natural SciencesChildcare Services - Benefit in KindChildcare Services - Capital AllowancesCommencement RulesCompletion of ReturnsCouriersCovenant ReliefCredit Unions, Deposit Accounts and DIRTCross Border WorkersDeferral of Income Tax on exercise of Share OptionsDependent Relative - Health ExpensesDeposit InterestDeposit Interest and Marginal ReliefDesignated Schools - Tax Relief for GiftsDirectors’ RemunerationDirectors’ - Surcharge
22244440
23,2436,43
4354
48,533252235450
52,5455
34,39545553
41,42,43,52,53,544055333555
12,21342831
413117
18,423635
21,284137403425
41,42,43,45374137215042383139
36,43313137
37,41354228
17,1816,21
3450171518345025
Queries
Topical Questions
TAX BRIEFING INDEX
1212
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
ed
into a
Tax a
nd D
uty M
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or oth
er we
bsite
text.
Tax Briefing Supplement - May 2004
Main Heading Sub Heading Issue Reference
Income Tax Disability/Occupational Injury BenefitDiscretionary Trusts - SurchargeDividend Withholding TaxDoctors - Geographical Wholetime ConsultantsDouble Taxation ReliefEmployed or Self-Employed - GuidelinesEmployees’ Motoring ExpensesEmployees’ Subsistence ExpensesEmployer Paid Medical Insurance PremiumsEmployment Grants and SubsidiesEmployment Inducement PaymentsEmployment Status Group ReportEnterprise Areas - Urban Renewal ReliefEntertainment ExpensesExamination AwardsFarm Retirement SchemeFarming - Compulsory Disposal of LivestockFarming - Conacre LettingFarming - Death CasesFarming - Foot & Mouth RestrictionsFarming - Mulder CompensationFarming - Race Horse TrainersFarming - Rural Environment Protection SchemeFarming - StallionsFarming - Stock Relief ClawbackFarming - Stock Relief Time LimitsFarming - Stock Relief, Young Farmers in PartnershipFarming - Stock Valuation on Farm Retirement SchemeFilm 3 FormFilm ReliefFood and Subsistence ExpensesForeign Earnings Deduction - Finance Act 1999Foreign Earnings Deduction - Finance Act 2000 changesForeign Earnings Deduction - Qualifying DayForeign Income Dividend (FID’s)Form 46G and 46G (Coy)Form 11 (Attachments)Form BNR1Form P11DFringe BenefitsFRS 12 - Accounting Rules and TaxationGMS - Pension SchemeGMS Superannuation Plan Retirement Annuity ReliefGMS - Treatment of GrantsGrants and Subsidies - EmploymentHealth Expenses - Child Oncology PatientsHealth Expenses - Children with Serious IllnessesHealth Expenses - DentalHealth Expenses - Dependent RelativeHealth Expenses - Guidelines on ClaimsHealth Expenses - Kidney PatientsHepatitis C - Compensation PaymentsHeritage Items Relief for DonationsHome Carer’s AllowanceHome Carer’s Tax CreditHome Loan Interest (Rules and Guidelines)Incapacitated Individuals - Special TrustsInducement PaymentsIndustrial & Commercial Buildings - Capital AllowancesIntegrated Taxation ProcessInterest Cap Fees/PaymentsInterest on Late Payments in Commercial TransactionsInterest Payments, exemption from withholding taxInterest Relief - Home LoansIslands ReliefLeased AssetsLeases - Taxation TreatmentLeasing - Defeasance PaymentsLecturers/Teachers/Trainers - Taxation treatment
2633
35,36,41101333
41,4627,36,40,46
4326,30
32432429391650219
5014202333
5,8,91521
13,213741313640
31,5527
21,2952, 53
53394041
3,4,5,62829
26,3027,55
3626,5017,41
3327,5535,44
203951343832
41,4451255255342320
24,253128
Queries
Queries
Topical Questions
Topical Questions
Topical Questions
TAX BRIEFING INDEX
13
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
ed
into a
Tax a
nd D
uty M
anua
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or oth
er we
bsite
text.
Tax Briefing Supplement - May 2004
TAX BRIEFING INDEXMain Heading Sub Heading Issue Reference
Income Tax Lloyds CasesLloyd’s Reconstruction and Renewal SchemeLloyds Underwriters - Irish NamesLong Service AwardsLump Sum PaymentsMaintenance Payments and LeviesMarginal Relief and DIRTMedical Insurance Premiums - Employer PaidMedical Insurance Relief (TRS)Mortgage Protection Policy PremiumsMotor ExpensesNotional Loans relating to SharesOwner-Occupier Relief - Married CouplesPatent RoyaltiesPay and File 2003Pay and File DeadlinePay and File Extension 2004Pay and File Payment OptionsPay and File Performance Issues - ROSPay and File SystemPAYE Allowance (Foreign Social Security Pensions)PAYE - Emergency BasisPension Options - FA 2000 ChangesPermanent Establishment - GuidelinesPersonal Public Service Number - PPS numberPersonal Retirement Saving AccountPersonal Stop Loss - Irish NamesPostgraduate FeesPre-Trading ExpensesPreliminary Income Tax “Top Up Payments”Preliminary Tax - CalculationPreliminary Tax - Direct DebitProfessional Service Company SurchargeProfit Sharing SchemesPrompt Payment Act - Treatment of InterestPSWT - Apportionment of CreditPSWT - Calendar YearPSWT - Commencement and CessationsPSWT - DocumentationPSWT - FA 2003PSWT - Non-ResidentsPSWT - Preliminary TaxRace Horse Trainers and FarmingRedundancy Payments & re-engagement of employeesRedundancy Payments - Tax TreatmentRelevant Contracts Tax - 1996 ChangesRelevant Contracts Tax - 1997 ChangesRelevant Contracts Tax - 1998 ChangesRelevant Contracts Tax - 1999 ChangesRelevant Contracts Tax - C2 ApplicationsRelevant Contracts Tax - C2 Applications/Payment CardsRelevant Contracts Tax - C2 ProceduresRelevant Contracts Tax - and DevelopmentRelevant Contracts Tax - Forestry OperationsRelevant Contracts Tax - Form RCT1Relevant Contracts Tax - Integrated Taxation ProcessRelevant Contracts Tax - Regulations 2000Relevant Contracts Tax - Payments CardRelevant Contracts Tax - RCT 30Relevant Contracts Tax - RCTDC - New 8 DigitRemoval/Relocation ExpensesRenewable Energy Form REG3Rent-a-Room ReliefRental Income - Accountancy and Administrative CostsRental Income - Accountancy FeesRental Income - ComputationsRental Income - Death CasesRental Income - Deductibility of loan interestRental Income - Finance (No.2) Act 1998Rental Income - Furnished LettingsRental Income - Interest on borrowings
192426
39,4828,36,40
2218434353413237
38,535250555055
44,47,48,49,502150412640
47,502440275137
35,3648
20,38,40,46,5431,52
2344,47
2218,28
53151620
22,5428,36
222733
35,3734,55
55372
29265140
29,4541543137
44,4625312623503237
32,33,37,45,50
Topical Questions
Queries
Queries
Queries
Topical Questions
Queries
14
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
ed
into a
Tax a
nd D
uty M
anua
l
or oth
er we
bsite
text.
Tax Briefing Supplement - May 2004
Main Heading Sub Heading Issue Reference
Income Tax Rental Income - Management ExpensesRental Income - Mortgage Protection Policy PremiumsRental Income - Non-Resident LandlordsRental Income - Pre-Letting ExpensesRental Income - Replacement BorrowingsResidence - Foreign Earnings DeductionResidence of IndividualsResidential Development LandResort Areas - Capital AllowancesResort Areas - Holiday CottagesResorts - Transitional ArrangementsRetirement Annuity ContractsReturns - AttachmentsReturns - Guidelines on CompletionReturns - IndividualsReturns - Signature ofRevenue Job AssistRevenue OpinionsRICT Forms - SubmissionSavings Related Share Option SchemesSavings Scheme (SSIAs)Schedule E - Topical QuestionsSeafarer’s AllowanceService Charges ReliefSharefishingShare Option Schemes - ResidenceShare Options - Deferral of Payment of Income TaxShare Options - Finance Act 2003Share Options - Payment of TaxShare Options - Preliminary TaxShare Options - Release ofShare Options - Tax TreatmentShare Options - Unapproved SchemesShare Schemes - Notional LoansShare Schemes - Restricted SharesShort Tax “Year”Special Portfolio Investment AccountsSpecial Savings AccountsSpecial Trusts - Permanently Incapacitated IndividualsSportspersons Employed by Clubs - ExpensesStaff Suggestion Schemes - Tax TreatmentShuttle StallionsStallions (In the State)Standard Rating of Allowances 1999/2000Stocklending and Repo TransactionsSubscriptions to Trade and Professional AssociationsSubsistence ExpensesSubsistence and Food ExpensesSurcharge for Late ReturnsSurcharge and DirectorsSurcharge - Discretionary TrustsTax Credit SystemTax Relief at Source - Medical Insurance ReliefTax Relief at Source - Mortgage InterestTermination PaymentsTermination Payments - Legal CostsThird World Charities - Tax ReliefTown Renewal Scheme“Top Up Payments” - Preliminary Income TaxTraining Courses ( I.T. and Foreign Languages)Trans-Border WorkersTuition FeesUK DividendsUN and Specialised Agencies of UN Salaries/PensionsUrban Renewal Relief - Enterprise AreasUrban Renewal Schemes - Multi-storey Car ParksUrban Renewal Schemes - Owner Occupier ReliefUrban Renewal Schemes - Refurbished BuildingsUrban Renewal Schemes - Residential PropertiesUS Dividends Encashment TaxUS Social Security Pensions - Taxable in Ireland
26534231
33,3731,36
15,17,20,2540
26,38,43473144
52,5323,28,29
518,17
31,3548
29,3742433936214731
41,48,5052535550403632
31,3541,42,43
23263852
32,35483335
36,4329
27,36,40,5031252533
41,42,434344
28,3651
22,2737,41,42
5134345240242421
29,3329333533
Topical Questions
Topical Questions
Queries
Topical Questions
Topical Questions
TAX BRIEFING INDEX
15
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
ed
into a
Tax a
nd D
uty M
anua
l
or oth
er we
bsite
text.
Tax Briefing Supplement - May 2004
Main Heading Sub Heading Issue Reference
Income Tax
Residential PropertyTax
Revenue Audit
Stamp Duty
Value Added Tax
Week 53 procedures - PAYEWidows Pension - O’Siochain v Neenan
Year 2000 - Changeover Costs
Certificate of ClearanceReview and Appeal ProceduresCaptive Insurance Companies in IFSCCode of PracticeComputer AuditingCustomer ServiceFees - Revenue AuditInternal Review Procedure and Revenue AuditsLinking DocumentsLocationManufacturing ReliefProsecution PolicyPublican TradeReview Procedures - External Reviewers
Abolition of Adjudication - New HousesConsolidation Bill 1999CREST - Share Transfer SystemFinance (No.2) Act 1998Finance Act 1999Finance Bill 2000GeneralInterest on Unpaid/Overpaid DutyLost Stamped DeedsParticulars DeliveredResidential PropertyReview and Appeal ProceduresRevenue Certificates in DeedsShares in Private CompaniesShare TransfersSubstitute DeedsSurchargesUnquoted SharesYoung Trained Farmers
Addresses for Foreign TradersAgrimonetary CompensationAI ServicesArgos CaseAuctioneers and Auction and Agency salesBloodstock IndustryCash Receipts BasisChild CareCommittee GuidelinesDiplomats - ReliefsDirect DebitElectronically Supplied ServicesErin Executor & Trustee Co. CaseEU SuppliesFinance Act 1997 ChangesFinance Act 1998 ChangesFlexible Annual AccountingFootwearForeign Traders and Construction ContractsForm 13B - ExportsFramed PhotographsHorticultural ProduceHot Take-away FoodIncrease in the Reduced rate of VATInsurance Related ServicesIntegrated Taxation ProcessingIntra-Community Acquisition of GoodsInvoices - Time LimitsLeasing Assets - VAT TreatmentMargin Scheme GoodsMotor Cars and Petrol - No DeductionMotor Vehicles - 7th Directive
2032
31
31,36,403716
36,49262611
21,26,39222320363639
21,2238233236
39,40403118
18,20,55403744173718152925
302932273544
29,3027
42,43,44,5225465332302732
22,2327,32
29293927365145392724
24,46303336
Topical Questions
FA 1997
FA 1997
FA 1997
FA 1997
TAX BRIEFING INDEX
16
This
conte
nt is
more
than 5
years
old.
Whe
re sti
ll rele
vant
it has
been
inco
rporat
ed
into a
Tax a
nd D
uty M
anua
l
or oth
er we
bsite
text.
Tax Briefing Supplement - May 2004
TAX BRIEFING INDEXMain Heading Sub Heading Issue Reference
Value Added Tax
Vehicle Registration Tax
Motor Vehicles - RatesMotor Vehicles - VAT and VRTMultiplier, VATNew VAT Treatment of VehiclesNo VAT LossParcel Post - Goods ImportedPhotographs - FramedPost-Letting Expenses (Erin Executor & Trustee Co.)Printing and Printed MatterProperty - 4A ApplicationsProperty, VAT onPurchase RecordsReduced Rate of VAT - Increase inRegistration and Repayments AddressesRegulationsReliefs for DiplomatsRepayments - Electronic RepaymentRetail SchemesReturns by AgentsSecond Simplification DirectiveSecond-Hand Vehicles, 7th VAT DirectiveSection 4A ApplicationsShare AcquisitionsStaff CanteensTelecommunications ServicesToll Roads / Toll BridgesTrade-insTransfer of a BusinessVeterinary ServicesWaiver of Exemption Regulations 1998
Crew CabsFinance Act 2000 ChangesInformation KiosksStatements of PracticeUsed Car Valuation SystemVehicle Registration Certificates
4140555327363932
32,3540552451303925
29,31,3223,27
4722
22,30,36405429
27,354530512833
534132
32,373555
FA 1997
17
This
conte
nt is
more
than 5
years
old.
Whe
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it has
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into a
Tax a
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text.
Tax Briefing Supplement - May 2004
Reference Title Latest Issue Date
Income Tax
ITITITITCGITITITITITITITITIT
ITITITITITITITITITITITITITITITITITITITITITITITITITITITITITITITIT
ITITITITITITITIT
123611789101112131414A
1516171819202122242626A272930313545464748495051525354555657585961
6263646566676970
Tax Credits, Reliefs & Tax RatesTaxation of Married PersonWhat to do about Tax when you SeparateMedical Expenses ReliefMedical Insurance - Tax Relief at SourceCovenants to IndividualsTax Exemption & Marginal ReliefOne Parent Family Tax CreditGuide to Self-Assessment for the Self-EmployedEmployees Guide to PAYEDisabled Persons & Income TaxPersonal Injury Compensation PaymentsNew Pension Options - For the Self-Employed and Directors of Family CompaniesNew Pension Options - For the Self-Employed and Directors of Family Companies FA2000 ChangesThe Seed Capital Scheme: Tax Refunds for New EnterprisesThird Party Returns (Automatic Return of Certain Information)Special Savings Accounts and other Special Investment ProductsIncapacitated Child Tax CreditProfessional Services Withholding Tax (PSWT)Benefits from EmploymentsLump Sum Payments on Redundancy/RetirementTaxation of Disability and Short-Term Occupational Injury BenefitsTaxation of Unemployment BenefitUrban Renewal ReliefIntegrated Area Urban Renewal SchemeTax Relief on Service ChargesTax Reliefs for Renewal and Improvement of Certain Resort AreasRelief for Expenditure on Approved Buildings and Gardens in the StateTax Relief for Tuition FeesBlind Persons Tax Credits & Reliefs - large printTax Credits for Over 65’sDependent Relative Tax CreditEmployed Person Taking Care of an Incapacitated IndividualStarting in Business - A Revenue GuideVAT for Small Business - A Revenue GuidePAYE / PRSI for Small Employers - A Revenue GuideEmployees’ Motoring ExpensesTaxation Treatment of Finance LeasesDomestic Employer SchemeEmployees’ Subsistence ExpensesThe Business Expansion Scheme: Relief for Investment in Corporate TradesRelief for Expenditure on Approved Objects on Display in an Approved Building or GardenRelief for Investment in FilmsRevenue Job Assist - Information for EmployeesRevenue Job Assist - Information for EmployersA Revenue Guide to Professional ServicesWithholding Tax (PSWT) for Accountable Persons and Specified PersonsA Guide to Profit Sharing SchemesRCT - Guide for Principal Contractors & Update SlipRCT - Guide for Sub-Contractors & Update SlipRural Renewal SchemeHome Carer’s Tax CreditFirst Job - A Guide for First Time Entrants to the PAYE Tax SystemE-Working & TaxA Revenue Guide to Rental IncomeCode of Practice for determining Employment or Self-Employment status of IndividualsEmployed or Self-Employed - A Guide for Tax and Social InsuranceCode of Practice for Revenue AuditorsEmployer’s Guide to PAYEPrinciples of Quality Customer ServicePay and File and the 2002 Income Tax ReturnEmployer’s Guide to operating PAYE and PRSI for certain benefitsGuide to Personal Retirement Savings AccountsGuide to Living over the Shop SchemeMaking a Qualifying Disclosure of an Offshore Related Tax Default to Revenue
February 2004March 2002October 2003October 2003April 2001March 2002March 2002July 2003November 2003February 2002May 2002March 2002May 1999
September 2000February 2004August 1993July 1998May 2002June 2000October 2002August 2002August 2002July 2002March 1996September 2001October 2002February 1996April 2002November 2001May 2002February 2000March 2002March 2002June 2003June 2003March 2001July 2002April 2000September 1999July 2003February 2004April 2002June 2002April 1998April 1998
October 1998December 2001January 1999January 1999August 1999March 2002October 2000August 2001October 2001May 2002September 1998September 2002March 1994July 2000July 2003October 2003March 2003January 2003
18
REVENUE INFORMATION LEAFLETS & GUIDES
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Tax Briefing Supplement - May 2004
Reference Title Latest Issue Date
Capital Gains Tax
CGTCGTCGT
123
Guide to Capital Gains TaxCapital Gains Tax, Revised due dates for 2003 and following yearsRoll-over Relief for Individuals on disposal of certain Shares
September 2003August 2003Nov 1996 - Re-issued2003
Artists Exemption
Artists Exemption - Information Booklet March 1999
Capital Taxes
CATCATCATCATCATCATCATCATCAT
IT
12345678
1039
Gift TaxInheritance TaxProbate TaxCapital Acquisitions Tax Business ReliefAgriculture Relief - 2001 Finance ActCapital Acquisitions Tax Review and Appeal ProceduresCapital Acquisitions Tax Elderly Brother/Sister Residence ReliefCapital Acquisitions Tax Heritage Property ReliefGift/Inheritance Tax Exemption for Dwelling-HouseGift/Inheritance Tax - A Guide to completing the Self Assessment Return ( Form IT 38 )Capital Tax Facts
February 2002February 2002September 2000April 2002February 2002May 1996July 1996August 1996September 2000October 2003April 2002
Charities
CHYCHYCHY
12
10
Applying for Relief from tax on the Income and Property of CharitiesScheme of Tax Relief for Donations to Eligible Charities and Approved BodiesVAT in the case of Charities
May 2003May 2003June 1999
Corporation Tax
ITIT
CGCCD
166114
Third Party Returns (Automatic Return of Certain Information)A Revenue Guide to Professional ServicesCorporation Tax - Changes to due date for Preliminary TaxCompanies Capital DutyPay and File and the 2003 Corporation Tax Return
August 1993October 1998November 2002February 2002July 2003
Games & Sports Bodies
GS 1 Relief from Income Tax and Corporation Tax for certain Sporting BodiesTax Relief for Donations to Certain Sports Bodies
April 2001June 2002
Collector-General
CGCGCGCGCGCGCGCG
5679
10111213
VAT Claims and PaymentsP35 - End of Year ReturnsDirect Debit - PAYE/PRSI & VATDirect Debit - Preliminary Tax - Income TaxRelevant Contracts Tax (RCT)Medical Insurance - Tax Relief at SourceSpecial Savings Incentive AccountMortgage Interest - Tax Relief at SourceEnvironmental Levy on Plastic BagsRetailers Guide to the Environmental Levy on Plastic Bags
May 2000December 2002February 2002February 2002April 1999April 2001April 2001May 2001January 2002February 2002
19
REVENUE INFORMATION LEAFLETS & GUIDES
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conte
nt is
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Tax Briefing Supplement - May 2004
Reference Title Latest Issue Date
Customs & Excise
C&EC&EC&EC&E
TCUPNPNPNPNPN
PNPNPN
PNPNPNPNPNPN
PNPNPNPNPNPNPNPNPNPNPN
PN
4567
183567100810951179
118711931774
177517951840184118421843
184418721874187518771877T18781879188018811881A
1882
Duty/Tax Free Allowances for TravellersAppeal Procedures relating to Customs MattersAppeals Procedures relating to Payment of Excise DutyPaperless Declaration (Customs AEP System)Tax Free Purchases for non–EU TouristsGuide to Customs & Excise - Import & ExportBinding Tariff Information (BTI)Temporary Importation of Commercial SamplesImportation for Display or Use at Exhibitions, Fairs, Meetings or similar eventsTemporary Importation of Professional EquipmentImportation of Publicity MaterialRelief from Customs Duty and VAT on Gift Consignments and Consignments ofNegligible Value Imported from outside the EUTransit (including TIR) and StatusEuropean Community Regulations on Customs WarehousesImportation from non-EU countries without payment of Customs Duties of HouseholdEffects to furnish a secondary Residence in the StateTransfer of Business Activities - Relief from Import Charges and Vehicle Registration TaxTemporary Importation of Pleasure Boats and Private AircraftTemporary Importation of Educational and Scientific Equipment for Research or TeachingTemporary Importation of Medical, Surgical and Laboratory EquipmentTemporary Importation of Sound, Image or Data Carrying Media, Publicity MaterialTemporary Importation of Goods for use in production for Export: TemporaryImportation of Replacement Means of ProductionTemporary Importation of certain Goods for possible saleDuty Relief for goods by reason of their end-useA Guide to Customs AuditRelief from import charges when Transferring Residence from outside the EUExcise: Tax Warehouse and Duty SuspensionExcise: Tobacco Products and Tobacco Manufactories. Supplement to Notice 1877Duty-Free? Customs & Excise Information for TravellersUnaccompanied import of excisable products from EU Member States for Personal UseImport of excisable products from EU Member States for commercial purposesChanges to Certain Licensing Provisions - Intoxicating Liquor Act, 2000Repayment of Mineral Oil Tax on Fuel used in Touring CoachesInformation and Application Form for Binding Origin InformationInformation on Claiming Preferential Rates of Duty for both Imports and ExportsInformation on Tariff Quotas and Frequently Asked QuestionsGeneralised System of Preferences Information for ImportersSimplified Procedures for the issue of Origin DocumentationSupplier’s Declarations: Information for TradersOrdering Goods over the Internet or from Mail Order CataloguesInward Processing - Guidelines for TradersOutward Processing - Guidelines for TradersProcessing under Customs Control - Guidelines for TradersAEP - A Guide to Methods of Payment for VRT TradersAEP Deferred Payment Information BookletCustoms & Excise AEP Trader GuideCustoms & Excise Tariff of IrelandSchedule of Customs Duties
September 1996January 1996September 2001May 1996June 2001June 2001January 1996September 2002February 1998September 2002August 2002
September 2001July 2001March 2000
January 1993January 1993May 2002September 2002June 1996September 2002
September 2002June 1996March 2002May 1997January 1998November 1998July 2001June 2000June 2000June 2000August 2000October 2002
March 2002November 2002July 2001July 2001July 2001July 2000July 2000
January 2003
Dividend Withholding Tax
DWT INFO 1 Dividend Withholding Tax - Information LeafletRefunds of Dividend Withholding TaxDividend Withholding Tax - A guide to the Submission of Returns in Electronic FormQualifying Intermediary Annual Return of Dividend Withholding Tax Information - a guideto the submission of Q.I Returns
August 2001July 2001May 1999
May 2001
Residential Property Tax
RPRPRP
245
Notes on Residential Property TaxResidential Property Tax - Review and Appeals ProceduresResidential Property Tax Certificate of Clearance
August 1996November 1996August 1996
20
REVENUE INFORMATION LEAFLETS & GUIDES
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Tax Briefing Supplement - May 2004
Reference Title Latest Issue Date
Stamp Duty
SDSDSDSDSD
CCD
1238101
Stamp DutyStamp Duty Relief on Transfers of Land to Young Trained FarmersStamp Duty - Review and Appeal ProceduresNew Stamping SystemStamp Duty - Revenue Certificates Required in DeedsCompanies Capital DutyCapital Tax Facts
2002August 2000November 1998
May 2003February 2002April 2002
VAT
GuideGuideGuide
Guide to Value-Added TaxVAT on Property Finance Act 1997 Changes - A Revenue GuideVAT and Financial ServicesValue Added Tax: Guide to Apportionment of Input TaxVAT treatment of certain matters arising after the Transfer of a BusinessVAT and Financial ServicesVAT - FootwearVAT - Plant and MachineryEuropean Court of Justice (ECJ) Judgements in relation to the VAT Treatmentof Promotional SchemesValue Added Tax Guide to the 1997 VAT on Property changesVAT and Property TransactionsVAT Retail Export Scheme - Tax Free Purchases for non-EU TouristsVAT Treatment of Vehicles registered by distributors or dealers prior to sale
January 2003August 1997June 1999October 2001
August 1990
October 1998
January 1999
October 2001April 1998May 2003
Vehicle Registration Tax
VRTVRTVRTVRTVRTVRTVRT
Public NoticePublic NoticePublic Notice
1234567177518371851C
Vehicle Registration Tax - General InformationTemporary Exemptions (Foreign Registered Vehicles)Tax Relief on Transfer of ResidenceTax Relief on Transfer of Residence (Duty Free Cars)How to reserve a Registration NumberAppeal Procedures relating to Vehicle Registration TaxVehicles for People with Disabilities - Tax Relief SchemeTax Relief on Transfer of Business ActivityTax Relief on a vehicle acquired on InheritanceTax Relief for Organisations representing the DisabledFormat of Vehicle Registration PlatesZZ System of Temporary Registration in IrelandVehicle Registration Tax Trader Guide
January 2003June 2003February 2002February 2002September 2000February 2004March 2002January 1993January 1993December 1994March 1998February 2002February 1998
Professional Services Withholding Tax (PSWT)
ITIT
1961
Professional Services Withholding Tax (PSWT)A Revenue Guide to Professional Services Withholding Tax (PSWT) forAccountable Persons and Specified Persons
June 2000
October 1998
Other Leaflets/Guides
REVRESRESCS
CSCS
HET
1121
23
1
What to do about tax when someone diesGoing to Work Abroad? - A guide to Irish Income TaxComing to Live in Ireland: - A Guide to Irish Income TaxCode of Practice - For the delivery of service to the customers of the RevenueCommissionersCustomer Service - Comment CardHow to complain to RevenueCustomer Service StandardsRelief for Donations of Heritage ItemsE-Commerce and the Irish Tax SystemTax Treatment of Stocklending/Sale and Repurchase (repo) TransactionsEnvironmental Levy on Plastic BagsRetailers Guide to the Environmental Levy on Plastic BagsA Guide to the new Approved Share Options Schemes introduced by S. 15 FA2001
May 1997January 2002January 2002
May 1997May 1997January 1998December 2003January 1998June 1999April 2000January 2002
February 2002
21
REVENUE INFORMATION LEAFLETS & GUIDES
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Tax Briefing Supplement - May 2004
Title Date Number
1985VAT - Racehorse Trainers 1985 Information Leaflet
1987VAT - Footwear & Clothing September 1987 Information Leaflet
1988VAT - SolicitorsIncentive to Bring Tax Affairs up to DateDocuments to be Enclosed with Returns of IncomeSelf Assessment - Commencements and CessationsIncome Tax Self Assessment - Tax CreditsSelf Assessment - Due Date for making 1988/89 Tax Returns
April 1988September 1988September 1988September 1988October 1988December 1988
Information LeafletSP/01/88SP/02/88SP/03/88SP/04/88SP/05/88
1989Income Tax Self Assessment - ReviewsIncome Tax Self Assessment - Tax Credits 1989/90
May 1989May 1989
SP/06/89SP/07/89
1990Capital Acquisitions Tax - Postponement of Tax and Registration of ChargeCapital Acquisition Tax - Computation of Tax-Aggregation and IndexationCapital Acquisitions Tax - Section 60 PoliciesTaxation of Farmers and Landowners New Forest Premium SchemeCalculation of Limits for Retirement Annuity Relief and Annual Payments to“Descendants”Withholding Tax - Interim RefundsDeductible Tax (Input Credit)Live HorsesTransition from Export Sales Relief or Shannon Exemption to Manufacturing ReliefCompany’s Self Assessment Return of Directors’ DetailsManufacturing ReliefLevy on Investments in Collective Investment UndertakingsStamp Duty on Purchase of New Residential PropertiesAgreements as to Payments of Stamp Duty on Instruments (composition agreements)Stamp Duty - Revised Stamping Procedures
May 1990October 1990October 1990July 1990
October 1990December 1990August 1990December 1990March 1990May 1990September 1990July 1990August 1990September 1990November 1990
CAT/01/90CAT/02/90CAT/03/90IT/01/90
IT/02/90IT/03/90VAT/02/90VAT/03/90CT/01/90CT/02/90CT/03/90SD/01/90SD/02/90SD/03/90SD/04/90
1991Automated Entry Processing for Imports/ExportsVeterinary ServicesRemoval/Relocation Expenses
Self-Assessment - Income Tax Payment of Preliminary Tax and Filing of Returns forCommencing Sources under Current Year Basis of AssessmentCapital Acquisitions TaxCapital Acquisitions Tax - Section 60 Policies & Section 119 PoliciesFinance Act 1991 - Collection/Enforcement of Stamp DutyTax Treatment of Payments under Swap Agreements
May 1991December 1991June 1991April 1998
September 1991February 1991June 1991August 1991September 1991
VAT/02/91VAT/03/91IT/01/91TB Issue 31 page 9
IT/02/91CAT/01/91CAT/02/91SD/01/91CT/01/91
1992Capital Acquisitions TaxAmnesty for Stamp DutiesUse of Registered Post in Stamp DutyStamp Duty on Mortgages and Further AdvancesAdvertising ServicesSports FacilitiesAgricultural ServicesVAT on DancesApplication of Zero Rate to Sales and Deliveries of Goods to other EC states after1/1/93Electronic Invoicing (E.D.I.)Rates of VAT on food and drink from 1/11/92Non Taxable Entities Acquiring Goods from other EC Member StatesVAT Treatment of Goods between EC Countries after 1/1/93Addendum to (VAT/12/92) Intra-Community Goods Transport and Ancillary ServicesRecent DevelopmentsAmendments to Addendum (VAT/12/92)Intra-Community Goods Transport andAncillary ServiceExempt Persons acquiring Goods from other EC Member StatesDistance Sales in Single MarketPostponed Accounting and Intra-Community AcquisitionsMoney Received Basis of AccountingThird Party Returns Return of Certain InformationPreparation of Accounts for Revenue Purposes
January 1992January 1992March 1992June 1992June 1992July 1992July 1992July 1992
October 1992October 1992October 1992October 1992October 1992
April 1993
June 1996November 1992November 1992November 1992November 1992October 1992October 1992
CAT/01/92SD/01/92SD/02/92SD/03/92VAT/03/92VAT/04/92VAT/05/92VAT/06/92
VAT/08/92VAT/09/92VAT/10/92VAT/11/92VAT/12/92
VAT/12/92
VAT/12/92VAT/13/92VAT/14/92VAT/15/92VAT/16/92IT/01/92IT/02/92
22
STATEMENTS OF PRACTICE
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Tax Briefing Supplement - May 2004
Title Date Number
1993Surcharge and other Penalties or Restrictions for Late Submission of Tax ReturnsFinance Act 1992 and DirectorsCapital Acquisitions TaxZero-Rating of Goods and Services in accordance with Section 13A of the VAT ActFlat-Rate Farmers and the Single MarketPayment of VAT on Alcohol Products at time of payment of Excise DutyGuidelines for Practitioners on making enquiries to Revenue Offices
January 1993January 1993January 1993January 1993July 1993July 1993October 1993
GEN/01/93IT/01/93CAT/01/93VAT/01/93VAT/02/93VAT/03/93Information LeafletTB Issue 12
1994Capital Acquisitions TaxStamp Duty on Instruments used in the Insurance IndustryRepayments to Unregistered PersonsVAT and Gifts4th Schedule ServicesVAT Treatment of Second Hand Goods (The Margin Scheme)
January 1994
July 1995July 1995
December 1994
CAT/01/94SD/01/94VAT/02/94VAT/03/94VAT/05/94Information Leaflet
1995Capital Acquisitions TaxProfessional Services Withholding TaxGolf and other Sporting ActivitiesVAT treatment of Second-Hand Vehicles
January 1995September 1995December 1995October 1995
CAT/01/95IT/01/95VAT/01/95Information Leaflet
1996Capital Acquisitions TaxExempt New Houses
January 1996June 1996
CAT/01/96SD/01/96
1997Repayment of Vehicle Registration Tax in respect of vehicles acquired for leasing orhiring or providing instruction in the driving of vehiclesCapital Acquisitions TaxHorticultural Retailers
November 1997January 1997August 1997
VRT 1/97CAT/01/97VAT/01/97
1998Capital Acquisitions TaxRepayment of Vehicle Registration Tax in respect of motor vehicles used solely forhiring to others under short-term self-drive contracts
Tax-Free Purchases for non-EU TouristsValue-Added Tax and FootwearValue-Added Tax Printing and Printed Matter
VAT on Property Claims for repayment of VAT arising out of the Supreme Courtjudgement in the case of Erin Executor and Trustee Company Limited, for the periodsprior to 27 March 1998VAT treatment of post-letting expenses incurred on or after 27 March 1998VAT - Plant & MachineryVAT treatment of Auctioneers, and Auction and Agency salesEuropean Court of Justice (ECJ) Judgements in relation to the VAT Treatment ofPromotional SchemesVAT on Telecommunications ServicesChangeover to the Euro - Stamp Duties, Capital Acquisitions Tax, Residential PropertyTaxChangeover to the Euro - Composition Duties and Levies
February 1998
April 1998(Revised Feb2003)April 1998April 1998April 1998March 1999
May 1998August 1998October 1998November 1998
January 1998November 1998
December 1998December 1998
CAT/01/98
VRT 1/98
Information LeafletInformation Leaflet 1Information Leaflet 2Tax Briefing 35 page 32
Information Leaflet 3Information Leaflet 4Information LeafletInformation Leaflet 5/98
Information Leaflet 6Information Leaflet 7
Information LeafletInformation Leaflet
1999Capital Acquisitions TaxPreliminary Tax - Income Tax Payment by Direct DebitCREST Information LeafletVAT - VAT treatment of Foreign Firms doing business in IrelandRevenue Powers (Finance Act 1999)Revenue Internal Review Procedures - Audit and Use of PowersAbolition of Duty Free SalesVRT - Repayment of VRT in respect of Motor Vehicles used for DemonstrationPurposesVAT - Abolition of Duty-Free Sales to Travellers on Intra Community JourneysVAT - Treatment of Building & Associated ServicesVAT - Treatment of International Leasing of Means of Transport
February 1999March 1999May 1999May 1999May 1999May 1999June 1999
June 1999June 1999July 1999July 1999
CAT/01/99CG/1/99Information LeafletInformation Leaflet 1/99SP - GEN/1/99SP - GEN/2/99VAT/1/99
SP - VRT/1/99SP - VAT/1/99Information Leaflet 2/99Information Leaflet 3/99
23
STATEMENTS OF PRACTICE
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Tax Briefing Supplement - May 2004
Title Date Number
2001“Underlying Tax” on Funds Deposited in Bogus Non-Resident AccountsExplanatory Notes on the Operation of the Statement of PracticeIntra-Community Acquisitions and Postponed AccountingVAT - Distance Sales in the Single MarketVAT - 4th Schedule ServicesVAT - Printing and Printed MatterVAT - Non Taxable Entities Acquiring Goods from other EU Member StatesVAT - Farmers and Intra-Eu TransactionsVAT - Exempt Persons acquiring Goods from other EU Member StatesVAT and GiftsVAT - Treatment of Goods Transport and Ancillary Services between EU CountriesVAT - Repayments To Unregistered PersonsVAT on Food and DrinkVAT on DancesZero-Rating of Goods and Services in accordance with Section 13A of the VAT ActVAT - Moneys Received Basis of AccountingVAT - Agricultural ServicesVAT - Horticultural RetailersVAT - Intra-Community SuppliesVAT and Footwear
May 2001May 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001
ISP - GEN /1/01Explanatory NotesInformation Leaflet 7/01Information Leaflet 8/01Information Leaflet 9/01Information Leaflet 10/01Information Leaflet 11/01Information Leaflet 12/01Information Leaflet 13/01Information Leaflet 14/01Information Leaflet 16/01Information Leaflet 18/01Information Leaflet 19/01Information Leaflet 20/01Information Leaflet 21/01Information Leaflet 22/01Information Leaflet 23/01Information Leaflet 24/01Information Leaflet 26/01Information Leaflet 31/01
2002Tax Treatment of Political DonationsVAT - Transfer of a Business or Part ThereofVAT - A Letter of Expression of DoubtVAT - Treatment of Cultural, Artistic and Entertainment Services Supplied byNon-Established Persons
April 2002August 2002September 2002
September 2002
SP - CAT/1/02Information Leaflet 1/02Information Leaflet 3/02
Information Leaflet 2/02
2003Repayment of Vehicle Registration Tax in respect of motor vehicles used solely forhiring to others under short-term self-drive contracts
VAT - Electronically Supplied Services and Radio and Television Broadcasting Services
April 1998(As RevisedFeb 2003)June 2003
SP - VRT 1/98
Information Leaflet 2/03
2004Capital Acquisitions Tax - Section 60 Policies and Section 119 Policies
April 2004 SP - CAT/1/04
24
STATEMENTS OF PRACTICE
CONVERSION RATES Foreign Currencies
Average Market Mid-Closing Exchange Rates v.Euro as Supplied by the Central Bank
2002 2003
U S dollarSterlingDanish kroneJapanese yenSwiss francSwedish kronaNorwegian kroneCanadian dollarAustralian dollar
0.9460.6297.43118.101.4679.167.511.4841.738
1.13120.69197.4307130.971.52129.12428.00331.58171.7379
Lloyds Conversion RatesFor members of Lloyds resident in the Republic ofIreland, in respect of accounts closed in the calendar year1998 and later, the conversion of sterling to IR£/£ shouldbe calculated by reference to the sterling mid closingexchange rate as supplied by the Central Bank.
1998 Stg £1 = IR £1.1164
1999 Stg £1 = IR £1.2668
2000 Stg £1 = IR £1.2619
2001 Stg £1 = IR £1.2942
2002 Stg £1 = £1.5372
2003 Stg £1 = £1.4188
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Tax Briefing Supplement - May 2004
25
Ireland has 42 Double Taxation Treaties currently in force. It also has one Air Transport Double Taxation Agreement.The list of the treaties and their commencement dates is as follows:
COUNTRYDATE OFSIGNING
DATE OFRATIFICATION
DATE OF ENTRY INTO EFFECT
Income Tax Corporation Tax Capital Gains Tax S.I. No.
AUSTRALIAAUSTRIAAUSTRIAN PROT.BELGIUMBULGARIACANADACANADA (re-net)CHINACROATIACYPRUSCZECH REPUBLICDENMARKESTONIAFINLANDFRANCEGERMANYGREECEHUNGARYICELANDINDIAISRAELITALYJAPANKOREA (REP. OF)LATVIALITHUANIALUXEMBOURGMALAYSIAMEXICONETHERLANDSNEW ZEALANDNORWAY (1969)NORWAY (2000)PAKISTANPOLANDPORTUGALROMANIARUSSIASLOVAK REP.SLOVENIASOUTH AFRICASPAINSWEDENSWEDISH PROT.SWITZERLANDSWISS PROT.UNITED KINGDOMUK PROTOCOLUK PROTOCOLUNITED STATESUS PROTOCOLZAMBIA
31 May 198324 May 196619 Jun 198724 Jun 1970
05 Oct 200023 Nov 1966
8 Oct 200319 April 200021 June 200224 Sep 1968
14 Nov 199526 Mar 199316 Dec 199727 Mar 199221 Mar 196817 Oct 196224 Nov 200325 Apr 199517 Dec 20036 Nov 2000
20 Nov 199511 Jun 197118 Jan 197418 Jul 1990
13 Nov 199718 Nov 1997
14 Jan 197228 Nov 199822 Oct 199811 Feb 196919 Sep 198621 Oct 196922 Nov 200013 Apr 197313 Nov 1995
01 Jun 199321 Oct 199929 Apr 19948 June 1999
12 Mar 200207 Oct 199710 Feb 199408 Oct 1986
01 Jul 199308 Nov 196624 Oct 198002 Jun 1976
07 Nov 199404 Nov 1998
28 Jul 199724 Sept 199929 Mar 1971
21 Dec 198305 Jan 1968
09 Dec 198831 Dec 197305 Jan 2001
06 Dec 1967Not yet in force
28 Dec 200029 Oct 200304 Dec 197021 Apr 199608 Oct 199323 Dec 199826 Nov 1993
15 Jun 197102 Apr 1964
Not yet in force05 Dec 1996
Not yet in force26 Dec 200124 Dec 199514 Feb 197504 Nov 197427 Nov 1991
28 Jan 199809 Feb 199825 Feb 197511 Sep 199931 Dec 199812 May 197026 Sep 198821 Aug 197027 Nov 200120 Dec 197422 Dec 1995
11 Jul 199429 Dec 2000
07 Jul 199530 Dec 199911 Dec 200205 Dec 199721 Nov 199405 Apr 198821 Dec 199316 Feb 196825 Apr 198423 Dec 197621 Sep 199523 Dec 199817 Dec 1997
13 Jul 200031 Jul 1973
06 Apr 198406 Apr 196406 Apr 197606 Apr 197301 Jan 2003
06 Apr 1968
06 Apr 200101 Jan 2004
06 Apr 196206 Apr 199706 Apr 199406 Apr 199906 Apr 199006 Apr 196606 Apr 1959
-06 Apr 1997
01 Jan 200206 Apr 199606 Apr 196706 Apr 197406 Apr 199206 Apr 199906 Apr 199906 Apr 196806 Apr 200006 Apr 199906 Apr 196506 Apr 198906 Apr 196701 Jan 2002
06 Apr 196806 Apr 199606 Apr 199506 Apr 200106 Apr 199606 Apr 200001 Jan 2003
06 Apr 199806 Apr 199506 Apr 198820 Jan 1994
06 Apr 196506 Apr 197606 Apr 197606 Apr 199406 Apr 199906 Apr 1998
01 Sept 200006 Apr 1967
01 Jan 1984* 01 Apr 1964
01 Jan 1974* 01 Apr 1973
01 Jan 2002* 01 Jan 1968
01 Jan 200101 Jan 2004
* 01 Apr 196201 Jan 199701 Jan 199401 Jan 199901 Jan 1990
* 01 Apr 1966* 01 Apr 1959
-01 Jan 1997
01 Jan 200201 Jan 1996
* 01 Apr 1967*01 April 1974
01 Jan 199201 Jan 199901 Jan 1999
* 01 Apr 196801 Jan 200001 Jan 1999
* 01 Apr 196501 Jan 1989
* 01 Apr 196701 Jan 2002
* 01 Apr 196801 Jan 199601 Jan 199501 Jan 200101 Jan 199601 Jan 200001 Jan 200301 Jan 199801 Jan 199501 Jan 198920 Jan 1994
* 01 Apr 196501 Jan 197401 Jan 1974
01 Apr 199401 Jan 199901 Jan 19981 Sept 2000
* 01 Apr 1967
06 Apr 1984
06 Apr 1974
01 Jan 2003
06 Apr 200101 Jan 2004
06 Apr 199706 Apr 199406 Apr 199906 Apr 1990
-06 Apr 1997
01 Jan 200206 Apr 1996
06 Apr 199206 Apr 199906 Apr 1999
06 Apr 200006 Apr 1999
06 Apr 1989
01 Jan 2002
06 Apr 199606 Apr 199506 Apr 200106 Apr 199606 Apr 200001 Jan 2003
06 Apr 199806 Apr 199506 Apr 198820 Jan 1994
06 Apr 197406 Apr 1976
06 Apr 199906 Apr 1998
01 Sept 2000
406 of 1983250 of 1967
29 of 198866 of 1973
372 of 2000212 of 1967
373 of 2000574 of 2002
79 of 1970321 of 1995286 of 1993496 of 1998289 of 1993162 of 1970212 of 1962
301 of 1995
521 of 2001323 of 1995
64 of 1973259 of 1974290 of 1991504 of 1997503 of 1997
65 of 1973495 of 1998497 of 1998
22 of 197030 of 198880 of 1970
520 of 2001260 of 1974322 of 1995102 of 1994427 of 1999428 of 1994426 of 1999573 of 2002478 of 1997308 of 1994348 of 1987398 of 1993240 of 1967
76 of 1984319 of 1976209 of 1995494 of 1998477 of 1997425 of 1999130 of 1973
*Corporation Profits Tax
USSR 17 Dec 1986 23 Dec 1987 Air Transport Double Taxation Agreement 349 of 1987
DOUBLE TAXATION TREATIES ENTERED INTO BY IRELAND
Update on double taxation treaty negotiationsTreaties signed and awaiting ratification.New treaties with Greece and Iceland were signed on24 November 2003 and on 17 December 2003,respectively. Also, a treaty replacing the existing treatywith Canada was signed on 8 October 2003. Subject tothe necessary parliamentary procedures being completedin 2004, it is expected these treaties will enter into force in2005.
Treaties under negotiation but not signed.New treaties with Argentina, Chile, Egypt, Malta,Singapore, Turkey and Ukraine are being negotiated.Negotiations will also commence with Tunisia later thismonth. Existing treaties with Cyprus and France are inthe process of re-negotiation.
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Tax Briefing Supplement - May 2004
26
TABLE OF SOURCE COUNTRY TAX RATES IN IRISH DOUBLE TAXATION TREATIES FOR DIVIDENDS, INTEREST AND ROYALTIES
Country Year
MAXIMUM SOURCE COUNTRY TAX RATES (% of gross payment)(for split rates, please consult the relevant article in the treaty)
Dividends Interest Royalties
AustraliaAustriaBelgiumBulgariaCanadaCanada (New)ChinaCroatiaCyprusCzech Rep.DenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIndiaIsraelItalyJapanKorea (Rep.)LatviaLithuaniaLuxembourgMalaysiaMexicoNetherlandsNew ZealandNorwayPakistanPolandPortugalRomaniaRussiaSlovak Rep.SloveniaSpainSouth AfricaSwedenSwitzerlandUKUnited StatesZambia
19841964197320021958
Not in force200120041952199719941999199019661959
Not in force1997
Not in force200219961967197419921999199919682000199919651989200219681996199520011996200020031995199819881965197619981967
1510155/100 /155/155/105/1005/150/155/150/1510/15155/155/155/1510101510/1510/155/155/155/15105/100/15150/5/1510/no limit0/15153100/105/150/1505/1510/150/155/150
100150/5150/100/1000000/100005000/105/10101000/100/1000/100/5/100100No Limit0/100/150/3000/50000000
100/1001000/106/10100/51005/10000500/10101001005/105/1008100100010100/300/1055/8 /10000000
IRISH TAX TREATIES
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Tax Briefing Supplement - May 2004
27
YearExpenditure
Incurred
Multipliers for Disposals in Year Ended
5 April1996
5 April1997
5 April1998
5 April1999
5 April2000
5 April2001
Short Y/e
31 Dec2001
31 Dec2002
31 Dec2003
31 Dec2004 et
seq/
1974/75
1975/76
1976/77
1977/78
5.899
4.764
4.104
3.518
6.017
4.860
4.187
3.589
6.112
4.936
4.253
3.646
6.215
5.020
4.325
3.707
6.313
5.099
4.393
3.766
6.582
5,316
4.580
3.926
6.930
5.597
4.822
4.133
7.180
5.799
4.996
4.283
7.528
6.080
5.238
4.490
7.528
6.080
5.238
4.490
1978/79
1979/80
1980/81
1981/82
3.250
2.933
2.539
2.099
3.316
2.992
2.590
2.141
3.368
3.039
2.631
2.174
3.425
3.090
2.675
2.211
3.479
3.139
2.718
2.246
3.627
3.272
2.833
2.342
3.819
3.445
2.983
2.465
3.956
3.570
3.091
2.554
4.148
3.742
3.240
2.678
4.148
3.742
3.240
2.678
1982/83
1983/84
1984/85
1985/86
1.765
1.570
1.425
1.342
1.801
1.601
1.454
1.369
1.829
1.627
1.477
1.390
1.860
1.654
1.502
1.414
1.890
1.680
1.525
1.436
1.970
1.752
1,590
1.497
2.074
1.844
1.674
1.577
2.149
1.911
1.735
1.633
2.253
2.003
1.819
1.713
2.253
2.003
1.819
1.713
1986/87
1987/88
1988/89
1989/90
1.283
1.241
1.217
1.178
1.309
1.266
1.242
1.202
1.330
1.285
1.261
1.221
1.352
1.307
1.282
1.241
1.373
1.328
1.303
1.261
1.432
1.384
1.358
1.314
1.507
1.457
1.430
1.384
1.562
1.510
1.481
1.434
1.637
1.583
1.553
1.503
1.637
1.583
1.553
1.503
1990/91
1991/92
1992/93
1993/94
1.130
1.102
1.063
1.043
1.153
1.124
1.084
1.064
1.171
1.142
1.101
1.081
1.191
1.161
1.120
1.099
1.210
1.179
1.138
1.117
1.261
1.229