Taxation of Spouses Contributory Old Age Pension

Taxation of Spouses Contributory Old Age Pension

General Litigation

The Tax Appeal Commission published a decision on 4th September 2017 that Section 14 of the Social Welfare and Pensions Act 2007, mandating the increased pension to be paid directly to the spouse had the effect of bestowing the beneficial entitlement of the pension to the spouse.

Construction Industry Regulation Update

Residential Property

Construction Industry Regulation Update

The General Scheme of the Building Control (Construction Industry Register Ireland) Bill 2017 is expected to be implemented in January 2018 under which all building contractors and sub-contractors operating in Ireland will be required to register with the Construction Industry Register Ireland (CIRI). This Register was established on a voluntary basis in March 2014 by the Construction Industry Federation as a means of increasing regulation of the building sector and provide assurance to consumers who engage the services of builders and contractors.

Monitoring of Employees Communications

Internet Law and Regulation Employment Law

Monitoring of Employees Communications

On the 5th September 2017, the European Court of Human Rights delivered judgment in the case of Barbulescu v Romania which is set to have far reaching consequences for employers. The decision comes against a backdrop of litigation instituted by the appellant, Mr Bogdan Mihai Barbulescu, in 2007 against his employer following their monitoring of personal communications that he sent over an instant messaging service to his brother and fiancé. Following the appellant’s complaint that his employer’s actions constituted a criminal offence, his contract of employment was terminated.

Construction Industry Regulation Update

Construction Industry Regulation Update

Residential Property

The General Scheme of the Building Control (Construction Industry Register Ireland) Bill 2017 is expected to be implemented in January 2018 under which all building contractors and sub-contractors operating in Ireland will be required to register with the Construction Industry Register Ireland (CIRI). This Register was established on a voluntary basis in March 2014 by the Construction Industry Federation as a means of increasing regulation of the building sector and provide assurance to consumers who engage the services of builders and contractors.

Monitoring of Employees Communications

Monitoring of Employees Communications

Internet Law and Regulation Employment Law

On the 5th September 2017, the European Court of Human Rights delivered judgment in the case of Barbulescu v Romania which is set to have far reaching consequences for employers. The decision comes against a backdrop of litigation instituted by the appellant, Mr Bogdan Mihai Barbulescu, in 2007 against his employer following their monitoring of personal communications that he sent over an instant messaging service to his brother and fiancé. Following the appellant’s complaint that his employer’s actions constituted a criminal offence, his contract of employment was terminated.

Payment Services Directive 2 (PSD 2) in Short

Payment Services Directive 2 (PSD 2) in Short

Banking and Corporate Lending

Public consultation of the implementation of Payment Services Directive 2 is imminent. The new regulatory framework it provides will the Commission argue reduce costs, improve the security of payments and facilitate the emergence of new players and innovative new mobile and internet payment methods.

Published in Financier Worldwide – December 2016

European Account Preservation Order

European Account Preservation Order

EU Regulation 655/2014 has been adopted by Ireland and creates a Mareva Injunction type relief across member states. In effect, it will make it more difficult for Debtor’s to put assets beyond reach of lawful Creditors.

Charities - Collaborate or Merge?

Charities - Collaborate or Merge?

Charities

Merger or other forms of collaborative working can make better use of charitable funds and property and provide better services for beneficiaries. For example if two charities in the same area are doing similar work and competing for funding, a merger may be the best way to secure funding and provide a united voice.

Introduction

Post a UK actual EU exit, Ireland will be the only Member State whose primary language is English.

Additionally, companies that incorporate in Ireland and satisfy the relevant legal requirements for the sector in which they operate, will be entitled to passport into all other EU member states whether on a cross border/freedom to provide services basis or by the establishment of a branch in an other member state.

Passporting for example in the case of a Bank would mean the right to carry on financial services activities in another EEA state either by providing cross border services or setting up a branch and providing them from that branch in the other EEA state.

Establishing a Base in Ireland

The allure of Ireland as a place for investment include our longstanding, stable EU membership, a low corporation tax of 12.5%, a very well educated workforce, a common law system based on the English model, superb air and sea links to Britain, a land border with Northern Ireland and, last but not least, Ireland is the only remaining country in the Eurozone with English as its primary language.

Corporation Tax in Ireland

Great uncertainty remains on the future relationship between the UK and the EU, and also on the UK rate of corporation tax (will it continue to come down or not) making it more difficult for EEA or non EEA business to decide whether to invest or not. Indeed, our corporate tax infrastructure is one of the core fiscal incentives attracting businesses to establish operations in Ireland.

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Effective Ways of Reducing Inheritance Tax

Effective Ways of Reducing Inheritance Tax

Wills, Probate and Estate Planning

Capital Acquisitions Tax (CAT) is payable on a gift or inheritance received by a beneficiary from a “donor”. There are several ways donors can be efficient and help to reduce CAT payable by their beneficiaries.

Change to Dwellinghouse Relief Exemption

Change to Dwellinghouse Relief Exemption

Wills, Probate and Estate Planning

As of the 1st January 2017 major changes for gift and inheritance tax relief on dwelling houses were introduced.

What is an Enduring Power of Attorney and do I need one?

What is an Enduring Power of Attorney and do I need one?

Wills, Probate and Estate Planning

An Enduring Power of Attorney (EPA) is a document that allows you to plan for the management of your future in the event that you become mentally incapacitated e.g. by way of stroke, dementia, Alzheimer’s etc. An EPA enables you to choose a person that you trust to manage your personal and financial affairs.