First Year Tax by Elaine McAuliffe

First Year Tax by Elaine McAuliffe https://padlet.com/elainemcauliffe/tax en-us 2016-09-27 13:18:42 UTC 2023-08-16 08:55:09 UTC hello@padlet.com https://padlet.com/elainemcauliffe/tax/wish/126649615 2016-09-27 13:25:59 UTC https://padlet.com/elainemcauliffe/tax/wish/126649615 Corporation tax https://padlet.com/elainemcauliffe/tax/wish/126650309 Corporation tax in the Republic of Ireland is a levy on a company'sprofits. The tax is charged on acompany's income. The corporation tax in Ireland is quite low, and is often cited as an example of taxcompetition, as it is used as an incentive for foreign companies to invest in the state.]]> 2016-09-27 13:27:33 UTC https://padlet.com/elainemcauliffe/tax/wish/126650309 USC https://padlet.com/elainemcauliffe/tax/wish/126650835 2016-09-27 13:28:37 UTC https://padlet.com/elainemcauliffe/tax/wish/126650835 VAT https://padlet.com/elainemcauliffe/tax/wish/126651120 VAT is added money that is placed on a product at the final sale
Standard rate: 23%
Reduced rate: 13.5%]]> 2016-09-27 13:29:11 UTC https://padlet.com/elainemcauliffe/tax/wish/126651120 https://padlet.com/elainemcauliffe/tax/wish/126651644 Universal Social Charge is a tax payable on gross income

]]> 2016-09-27 13:30:13 UTC https://padlet.com/elainemcauliffe/tax/wish/126651644 https://padlet.com/elainemcauliffe/tax/wish/126651978 Prsi stands for pay related social insurance]]> 2016-09-27 13:30:45 UTC https://padlet.com/elainemcauliffe/tax/wish/126651978 Why do we tax https://padlet.com/elainemcauliffe/tax/wish/126652070 2016-09-27 13:30:59 UTC https://padlet.com/elainemcauliffe/tax/wish/126652070 A pay as you go tax (PAYE) is a witholding tax on income payments to employees https://padlet.com/elainemcauliffe/tax/wish/126652192 2016-09-27 13:31:14 UTC https://padlet.com/elainemcauliffe/tax/wish/126652192 https://padlet.com/elainemcauliffe/tax/wish/126652871 There are two rates of Corporation Tax: 12.5% for trading income unless the income is from an excepted trade* in which case the rate is 25% 25% for non-trading income (e.g. investment income, rental income) * Excepted trades include certain land dealing activities, income from working minerals and petroleum activities]]> 2016-09-27 13:32:42 UTC https://padlet.com/elainemcauliffe/tax/wish/126652871 Ireland's most hated tax is Universal Social Charge (USC) https://padlet.com/elainemcauliffe/tax/wish/126653485 2016-09-27 13:33:55 UTC https://padlet.com/elainemcauliffe/tax/wish/126653485 https://padlet.com/elainemcauliffe/tax/wish/126653595 Corporation tax in the Republic of Ireland is a levy on a company's profits. The tax is charged on a company's income. Thecorporation tax in Ireland is quite low, and is often cited as an example of tax competition, as it is used as an incentive for foreign companies to invest in the state.]]> 2016-09-27 13:34:09 UTC https://padlet.com/elainemcauliffe/tax/wish/126653595 Amount withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns.  https://padlet.com/elainemcauliffe/tax/wish/126654414 2016-09-27 13:35:39 UTC https://padlet.com/elainemcauliffe/tax/wish/126654414 Corporation tax is charged on all profits  https://padlet.com/elainemcauliffe/tax/wish/126654711 2016-09-27 13:36:15 UTC https://padlet.com/elainemcauliffe/tax/wish/126654711 U https://padlet.com/elainemcauliffe/tax/wish/126654842 2016-09-27 13:36:31 UTC https://padlet.com/elainemcauliffe/tax/wish/126654842 USC https://padlet.com/elainemcauliffe/tax/wish/126654851 The universal social charge was introduced in 2011 to replace the income levy and health levy portion of the PRAIse charge

]]> 2016-09-27 13:36:31 UTC https://padlet.com/elainemcauliffe/tax/wish/126654851 https://padlet.com/elainemcauliffe/tax/wish/126655508 2016-09-27 13:37:56 UTC https://padlet.com/elainemcauliffe/tax/wish/126655508 https://padlet.com/elainemcauliffe/tax/wish/126655703 Prsi contributions go to the social insurance fund which helps pay for social welfare benefits and pensions]]> 2016-09-27 13:38:23 UTC https://padlet.com/elainemcauliffe/tax/wish/126655703 Hello  https://padlet.com/elainemcauliffe/tax/wish/126655951 2016-09-27 13:38:59 UTC https://padlet.com/elainemcauliffe/tax/wish/126655951 https://padlet.com/elainemcauliffe/tax/wish/126655963 2016-09-27 13:39:01 UTC https://padlet.com/elainemcauliffe/tax/wish/126655963 USC https://padlet.com/elainemcauliffe/tax/wish/126656058 2016-09-27 13:39:13 UTC https://padlet.com/elainemcauliffe/tax/wish/126656058