You are here:  Finance Act 2011 Introduction |
| |
| Finance Act 2011 |
| |
| Introduction |
| |
Finance Bill 2011 was published on Friday 21 January 2011. The Bill was subsequently passed through committee and report stages in the following week obtaining approval from the Seanad on 29 January 2011.
The above timetable speaks for itself and the pressure the Irish government were under to pass this year’s Finance Act in order to make good on commitments to the IMF prior to the dissolution of the Dail.
While most of the measures contained in the Finance Act 2011 were highlighted at Budget stage and indeed were legislated for temporarily by way of financial resolution, additional measures and various amendments to the financial resolutions were introduced at Finance Act Stage. Such additional measures included:
|
| |
 | Special taxation of performance related bonuses paid to banker. |
|
| Movement of self assessment filing and payment dates from 31 October to 30 September (this measure was subsequently reversed at Report Stage). |
|
| Amendments to the Universal Social Charge to increase tax for self employed individuals earning income in excess of €100,000. |
|
| Reform of the administration of Relevant Contracts Tax regime.
|
|
| |
| |
| The above is intended as a general guide to the measures announced in Finance Act 2011. No action should be taken on the basis of the above without obtaining professional taxation advice. |
| |
Purcell McQuillan Tax Partners Limited, 17 Clyde Road, Dublin 4
T: (01) 668 2700 F: (01) 668 2750 E: pmq@pmqtax.com W: www.pmqtax.com |
| |
© 2011 All rights reserved
|
| |
|
