Posts Tagged: revenue

Hotels’ costs rising faster than revenues, says report

Hotels’ costs rising faster than revenues, says report HOTEL insurance rates are rising by 10pc per annum, prompting some operators to rethink how their leisure facilities in particular are used, according to Aiden Murphy, a partner with accountancy and advisory firm Crowe Ireland. He said one of the options for hotel operators is outsourcing the… Read more »

Revenue owed €40m in tax, fines and interest by defaulters

Revenue owed €40m in tax, fines and interest by defaulters More than €39.82m remains unpaid to the Revenue Commissioners in taxes, penalties and interest from published tax defaulters in 2017 and 2018. That is according to figures provided by Finance Minister Paschal Donohoe which show €15.5m remains unpaid by published tax defaulters in tax, penalties… Read more »

Revenue collected 26% more corporation tax last year

Revenue collected 26% more corporation tax last year The amount of corporation tax collected by the state last year increased by 26% to €10.4 billion, according to the Revenue Commissioners’ annual report. The increase was driven by higher payments from manufacturing companies and increased payments from big multinational companies. The report also shows that the… Read more »

Revenue officials meeting hauliers in Brexit preparations

Revenue officials meeting hauliers in Brexit preparations Revenue officers have begun engaging with hauliers at ports in Dublin and Wexford as part of preparations for a no-deal Brexit. Concerns have been raised about the number of companies trading with the UK that have not yet registered for customs. Lynda Slattery, head of Revenue’s Brexit unit,… Read more »

New Revenue system to hit SMEs for unpaid tax

New Revenue system to hit SMEs for unpaid tax The Revenue Commissioners will chase more small companies for unpaid tax following the launch of a new high-tech debt management system. Revenue’s Debt Management Services (DMS), which was brought in last week, uses technology to deal with a wider range of taxpayers. This will include those… Read more »

Revenue sets sights on value of private shares

Revenue sets sights on value of private shares Revenue is plotting a crackdown on shareholders of private companies who undervalue their stakes in tax returns. The rules on valuation apply to all unquoted companies – whether it is a large entity operating on a grey market, or a local sweetshop owned by a company. Without… Read more »