News & Updates

Direct Tax Implications of Investing in UK Property from Ireland

With gains from the sale of UK commercial property now within the charge to UK CGT it is worth reflecting on the tax issues associated with buying UK property.  An Irish individual (Irish domiciled and Irish tax resident) acquiring a UK property will need to consider the following taxes: • Stamp duty land tax • Income tax/corporation […]

Tax Tables 2019

The must have PMQ Tax Tables 2019 are now available.   If you would like a physical copy contact us at pmq@pmqtax.com.

Finance Act 2018

Introduction We are pleased to provide our comprehensive commentary on Finance Act 2018 which was signed into law by the President on 19 December 2018.

Revenue delay increase in VAT rate on food supplements

On 27 December 2018, Revenue issued an eBrief advising of a change in Revenue practice on the VAT rate applicable on sales of certain food supplements.  The eBrief advised the VAT rate was to be increased to 23% from 0% with effect from 1 March 2019, effectively withdrawing a concession that had been long standing.  […]

Budget Briefing 2019

In the year of Brexit and against a background of forecasted tax revenue of €55.1 billion, the Minister for Finance and Public Expenditure and Reform Paschal Donohoe delivered his second budget this afternoon.  He is raising additional tax revenue of €700 million with the greater part coming from the reversal of the 9% VAT rate […]

Bank of Ireland Seminar on Tax and Property

Brian Purcell was delighted to speak at the Bank of Ireland Seminar on Tax and Property at the RDS 16 May 2018

Tax Tables 2018

The must have PMQ Tax Tables 2018 are now available.   If you would like a physical copy contact us at pmq@pmqtax.com.

PMQ Notice

PMQ emails are down at the moment but should be back shortly.  If you wish to contact us please use the landline 01 668 2700 or mobile.

Finance Act 2017

Introduction  We are pleased to provide our comprehensive commentary on Finance Act 2017 which was signed into law by the President on 25 December 2017. 

Budget Briefing 2018

The new Minister for Finance and Public Expenditure and Reform Paschal Donohoe delivered his first budget this afternoon.   As publicised in press reports over the last week the reduction in the USC and other changes to income tax thresholds are being partly financed by an increase in stamp duty from 2% to 6% on commercial […]

The Domicile Levy

It is not unusual to read reports in the media of individuals using tax losses to their advantage and availing of the loopholes to reduce their tax liability.  The domicile levy which was introduced in 2010 is the complete opposite.  It is an example of the State seeking tax from individuals outside the spirit of […]

Thinking of Moving to Ireland

An English speaking country neighbouring the UK, Ireland offers many advantages for individuals who wish to relocate from the UK and maintain access to the European Union. In Ireland, an individual’s residency and domicile determine their liability to income tax.  Individuals who are Irish resident and domiciled will be liable to tax on their worldwide […]

Tax Tables 2017

The must have PMQ Tax Tables 2017 are now available.   If you would like a physical copy contact us at pmq@pmqtax.com.

Tax Appeals Determination Summaries April 2017

As part of the reform of the tax appeals system, with effect from 21 March 2016, the functions of the Appeal Commissioners were taken over by a corporate body known as the Tax Appeals Commission (TAC).  Since the establishment of the TAC, all appeals by taxpayers are made directly to the Appeal Commissioners at the […]

Revenue Issue Letters to 500,000 Taxpayers on Undeclared Offshore Assets

The penalty for undeclared income and gains is 100% of the tax on the undeclared amounts.  However, where a person makes a qualifying voluntary disclosure to Revenue reduced penalties apply.  In addition, details of the settlement amount are not published and Revenue will not consider prosecution.  From 1 May 2017, any disclosure made to Revenue […]