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Ireland Payroll News
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Defaulters List published
The latest edition of Iris Oifigiúil contains details of published audit/investigation settlements completed by Revenue in the period 1 April 2004 to 30 June 2004.
The list is published in two parts; Part 1 lists every person upon whom a court imposed a fine or other penalty; Part 2 lists audit settlements where the Revenue Commissioners accepted a specified sum in excess of €12,700 in settlement of any additional liability for tax, interest and penalties instead of instituting proceedings for the recovery of the penalties and where:
- a voluntary disclosure was not made by the taxpayer prior to the commencement of an audit, and
- the amount of fine or penalty included in the settlement exceeded 15% of the tax.
In the 3-month period to 30 June 2004 there were 242 settlements in excess of €12,700 which fall to be published. The settlements in these cases have been agreed and paid by the respective taxpayers and total €37.30 million.
The published settlements reflect a portion only of all Revenue audits and investigations concluded in the three-month period to 30 June. The total yield from Revenue audit and investigation programmes in the period 1 April 2004 to 30 June 2004 was €120.38 million. Besides the 242 cases detailed above it included 606 settlements in excess of €12,700 that did not fall to be published. The settlements in such cases total €78.13 million. In addition, a further 2,741 audits completed during the period resulted in settlements totalling €4.95 million.
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...back to 30 September 2004
Full Story:
Irish Revenue website
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Taxation of Social Welfare Short-Term Benefits
The Irish Revenue has published a document entitled Taxation of Social Welfare Short-Term Benefits, which sets out the procedures that must be followed by employers when their employees are in receipt of Disability Benefit or Maternity Benefit. Disability Benefit is taxable, whereas Maternity Benefit is not. The procedures depend on whether the employer
- continues to pay wages or salary while the employee is absent,
- deducts the benefit from wages or salary, and
- recovers the benefit from the employee or the Department of Social and Family Affairs.
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...back to 29 July 2004
Full Story:
Irish Revenue website
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