Hi all,
Just back from Rome - you have to make the most of your free weekends since a lot of the time they are taken up with lectures!
Since my last update I have been engaged in a lot of employment related tax work. You may have seen a lot of Revenue advertisements on TV over the last few weeks reminding employers about the upcoming P35 filing deadline of 15 February (23 February if filing through Revenue’s Online System (ROS)), so I have been busy doing Payroll calculations and helping to prepare P35 Returns for clients.
Our colleagues in the PwC Poland firm have updated their annual ‘Personal Tax in the European Union’ report which details the average net incomes for employees across Europe so I was engaged to complete a survey detailing the personal income tax and social security burdens for employees in Ireland for 2011 which was interesting. The results which are published annually, make for interesting reading.
The final period CGT payments deadline was 31 January last so I was busy doing CGT calculations in respect of individuals who had made disposals of assets both in Ireland and abroad which brought them within the remit of Irish CGT. I had a lot of face to face meetings with individuals in order to get details of their asset disposals and also try as best as possible to reduce their CGT liabilities by offsetting losses on capital disposals against gains since everyone wants to try and minimise their tax liabilities!
A large amount of my department will be going on study leave for the Part 1, Part 2 and Part 3 exams with the Irish Taxation Institute soon and as a result the workload for those remaining will be increased! I have FAE block release lectures starting in 3 weeks so it will be nice to get out of the office for a while.
We also had two new Co-Op students join our department recently and they will be with us for 9 months – there’s a constant flow of people joining the firm at present as the firm continues its recruitment drive for both graduate and experienced hires!
So until my next update – take care!
