Articles

EQUINE FOCUS – PLAN TO PAY THE MINIMUM AMOUNT OF TAX

By
DECLAN MCEVOY, CTA TEP,
Head of Tax
IFAC National Tax Department
Irish Farm Centre, Bluebell, Dublin 12.

 

Article Published: Irish Field 29/08/2015

 

 

Like any business one needs to be conscious of potential income tax bills.
Income tax includes P.R.S.I. and the Universal Social Charge and ranges from 30% to 55%.

With personal tax rates being at this high level one needs …

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CLARIFICATION PROVIDED ON TAXATION OF BASIC PAYMENT AND MILK QUOTA By Declan McEvoy, Head of Tax, National Tax Department, IFAC Accountants

IFA has received clarification from the Department of Agriculture on a number of taxation issues of particular relevance to farming in 2015.

IFA Farm Business Chairman, Tom Doyle, said, “In 2015, we have a new Basic Payment system and the abolition of milk quotas. Both of these changes to agricultural policy have taxation implications. IFA had identified the importance of getting clarification early in 2015 …

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