The offshore tax syndicate: Legal and tax analysis of what the High Court ruled – and why it matters
Yesterday, we revealed how the High Court had ruled against a major offshore tax scheme. Today, tax barrister and chartered accountant Eoin O’Shea picks through the detail of the judgement and analyses each of the questions that the court sought to answer.
Revenue has won its first battle against a company who wrongfully claimed a Covid support. It is unlikely to be the last
The government advanced €727m to 25,300 Covid impacted businesses through the Covid Restrictions Support Scheme (CRSS). However, a new pathfinder case reveals what happens if a company was not entitled to claim the support.
Counsellors, psychotherapists, and chiropractors avoid Vat bill. No such luck for Chinese medicine and acupuncture
To the relief of thousands of counsellors, psychotherapists and chiropractors, the authorities have said Vat need not be charged on their fees. However a practitioner of Chinese medicine and acupuncturist was not so lucky.
Foreign assets and offshore funds: The inside story of a decade-long Revenue probe into couple’s secret empire
Just how does Revenue track down hidden assets? New details about a probe into the financial affairs of a Dublin couple - who paid just €677 a year in tax despite earning millions - provides new insight into Revenue’s tactics.
Big accountancy firms have long given money to trainees when they pass professional exams. Revenue say it is now taxable
A major accountancy firm is on the hook for a €1.4 million tax bill after the Tax Appeals Commission ruled that its exam payments to trainees are taxable. Tax expert Eoin O'Shea examines what it means for other firms.
Dubai duty free? Revenue’s blitz on tax free payments to Irish citizens who decamp to the UAE
10,000 Irish citizens are resident in the UAE, with many funnelling tax-free dividends from Irish companies to their new home. But Revenue is taking a hard-line stance on the issue, and, in a test case, it has successfully challenged a €5.7m payment.
The French pledge: Why an Irish borrower forced his bank to pay a €1.6 million tax bill on his behalf
At a recent Tax Appeals Commission hearing, a taxpayer successfully argued that the bank he had borrowed from should be made pay his €1.6m capital gains tax bill. So what happened and how did the taxpayer win?