Taxation 1 (RoI) 2023-2024.

Format:

Book

Author/Creator:

Ireland, Chartered Accountants.

Language:

English

Subjects (All):

Taxation--Ireland.

Taxation.

Income tax--Law and legislation.

Income tax.

Physical Description:

1 online resource (474 pages)

Edition:

1st ed.

Place of Publication:

Dublin : Chartered Accountants Ireland, 2023.

Summary:

Taxation 1 (RoI) 2023-2024 introduces the subject of tax to students on the Chartered Accountants Ireland CA Proficiency 1 course.

Contents:

CA Proficiency 1 Taxation 1 (RoI) 2023-2024

Publisher's Information

Contents

Chapter 1: Overview of Tax System

1.1 Introduction

1.2 Legislation

1.3 The Revenue Commissioners, the Tax Appeals Commission and the Collector-General

1.4 Residence and Domicile

1.5 Tax Evasion, Tax Planning and Tax Avoidance

1.6 The Government's Taxation Objectives

PART ONE: INCOME TAX AND TAXES ON RESIDENTIAL PROPERTY

Chapter 2: Introduction to the Computation of Income Tax

2.1 Introduction

2.2 Classes of Taxpayer

2.3 Classification of Income

2.4 General Terminology and Definitions

2.5 Income Tax Rates and Bands for 2023

2.6 Tax Treatment of Married Couples and Civil Partners

2.7 Tax Credits and Tax Relief

2.8 Pay Related Social Insurance and Universal Social Charge

2.9 Income Tax Computation

Questions

Chapter 3: Schedule D, Cases I &amp

II - Trading Income

3.1 Introduction

3.2 Basis of Assessment

3.3 Computation of Taxable Income

3.4 Partnerships

Chapter 4: Capital Allowances and Cases I &amp

IILoss Relief

4.1 Capital Allowances: Plant and Machinery

4.2 Capital Allowances: Industrial Buildings

4.3 Cases I &amp

II Loss Relief

Chapter 5: Schedule E - Employment Income

5.1 Introduction

5.2 Basis of Assessment

5.3 Computation of Taxable Schedule E Income

Chapter 6: Schedule D, Cases III &amp

IV and Schedule F - Savings and Investment Income

6.1 Introduction

6.2 Schedule D, Case III

6.3 Schedule D, Case IV

6.4 Schedule F

Chapter 7: Schedule D, Case V - Property Income

7.1 Introduction

7.2 Basis of Assessment

7.3 Computation of Taxable Income

Chapter 8: Tax Credits, Reliefs and Exemptionsand Charges on Income

8.1 Introduction

8.2 Personal Tax Credits.

8.3 Tax Reliefs at the Standard Rate

8.4 Tax Reliefs at the Marginal Rate

8.5 Other Reliefs and Exemptions

8.6 Relief for Charges on Income

8.7 High Income Earner Restriction

Chapter 9: Income Tax Computation - Treatment of Married Couples/Civil Partners

9.1 Introduction

9.2 Joint Assessment

9.3 Single Assessment

9.4 Separate Assessment

9.5 Comparison of Treatment under Joint, Single and Separate Assessment

9.6 Tax Treatment of Separated Spouses/Civil Partners

Chapter 10: Pay Related Social Insurance and the Universal Social Charge

10.1 Introduction

10.2 PRSI

10.3 Universal Social Charge

Chapter 11: The PAYE System

11.1 Introduction

11.2 Scope of Application of the PAYE System

11.3 Employer's Responsibilities

11.4 Employee's Responsibilities

11.5 Employee Tax Credits and Standard Rate Cut-off Point

11.6 Computation of Tax Liability under the PAYE System

11.7 Refunds of Tax under the PAYE System

11.8 Computation of Liability to PRSI and USC under the PAYE System

Chapter 12: Self-assessment

12.1 Introduction

12.2 "Chargeable Persons"

12.3 Obligations under Self-assessment

12.4 Preliminary Tax

12.5 Self-correction and Expressions of Doubt

12.6 Self-computation of Taxes Due and Notice of Assessment

12.7 Interest Payable and Late Filing Surcharges

12.8 Interest on Overpayments of Tax

12.9 Proforma Income Tax Computation

Chapter 13: Local Property Tax and Vacant Homes Tax

13.1 Local Property Tax: Introduction

13.2 Local Property Tax: Definitions

13.3 Calculation of LPT

13.4 LPT Returns and Payment of LPT

13.5 LPT: Compliance

13.6 LPT: Appeals

13.7 Vacant Homes Tax

Chapter 14: Administration and Procedures

14.1 Relevant Contracts Tax.

14.2 Professional Services Withholding Tax

14.3 Tax Clearance

14.4 Revenue Online Service (ROS)

PART TWO: CORPORATION TAX

Chapter 15: Corporation Tax: Introduction and General Principles

15.1 Overview

15.2 Classification of Income and Gains

15.3 Rates of Corporation Tax

15.4 The Charge to Corporation Tax

15.5 Payment of Corporation Tax

15.6 Preliminary Tax

15.7 Corporation Tax Filing Requirements

15.8 Interest Payable and Late Filing Surcharges

15.9 Interest on Overpayment of Corporation Tax

15.10 Five-year Tax Exemption for Start-up Companies

Chapter 16: Corporation Tax Computation

16.1 Overview

16.2 Schedule D, Cases I and II Income - Trading Income

16.3 Schedule D - Cases III and IV

16.4 Schedule D - Case V

16.5 Franked Investment Income

16.6 Computation of Chargeable Gains

16.7 Proforma Corporation Tax Computation

Chapter 17: Annual Payments and Charges on Income

17.1 Annual Payments and Patent Royalty Payments

17.2 Charges on Income

17.3 Relief for Excess Charges

Chapter 18: Distributions and Dividend Withholding Tax

18.1 Distributions

18.2 Dividend Withholding Tax

PART THREE: CAPITAL GAINS TAX

Chapter 19: Capital Gains Tax: Introduction, General Principles and Administration

19.1 The Charge to Capital Gains Tax

19.2 Disposal of an Asset

19.3 Assets

19.4 Chargeable Persons

19.5 Rate of Tax, Date of Payment and Returns

19.6 Computation of Gain or Loss

19.7 Date of Disposal

19.8 Development Land

Chapter 20: Exemptions, Reliefs and Capital Losses

20.1 Gains Exempt from CGT

20.2 Wasting and Non-wasting Chattels

20.3 Disposal of a Site to a Child

20.4 Certain Land and Buildings Acquired between 7 December 2011 and 31 December 2014.

20.5 Principal Private Residence Exemption

20.6 Capital Losses

20.7 Death

20.8 Proforma Capital Gains Tax Computation

PART FOUR: VALUE-ADDED TAX

Chapter 21: Value-added Tax (VAT): Introduction

21.1 General Principles of VAT

21.2 Registration

21.3 VAT Rates

21.4 Amount on which VAT is Chargeable

21.5 Supply of Goods or Services

21.6 Place of Supply of Goods or Services

21.7 Recovery of VAT

21.8 Basis of Accounting of VAT

21.9 Administration of VAT

Appendix 1: Taxation Reference Material for Tax Year 2023

Appendix 2: Code of Practice on Determining Employment Status

Appendix 3: Taxation and the Code of Ethics

Appendix 4: Tax Planning, Tax Avoidance and Tax Evasion

Suggested Solutions to Review Questions

Index.

Notes:

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Other Format:

Print version: Ireland, Chartered Accountants Taxation 1 (RoI) 2023-2024

ISBN:

1-913975-65-7

OCLC:

1396062432