tax briefing supplement may 2004 - revenuetax briefing supplement - may 2004 benefit-in-kind with...

TAX BRIEFING SupplementA comprehensive listing of Revenue Publications, useful Tables & Reference Charts

May 2004 Supplement

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CONTENTSTax Credits, Rates, & Exemptions etc.

Income TaxStamp DutyVAT / VRT / Excise DutiesCGT / CT / CAT

Tax Briefing Index

Revenue Information Leaflets and Guides

Statements of Practice

Conversion Rates

Double Taxation Treaties

Irish Tax TreatiesTable of Source Country Tax Rates for Dividends, Interest and Royalties

CGT Multipliers

Schedule E Expenses

Authorised Health Insurers

Social Insurance Pensions and Allowances

Employees’ Motoring Expenses

Employees’ Subsistence Expenses

Revenue eBrief

Revenue News

Telephone Numbers

Tax Briefing Supplement - May 2004

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36789

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The following are some of the lists are available on our website at www.revenue.ie:Approved Hospitals & Nursing Homes - Section 469 TCA 1997

Approved Colleges & Courses - Sections 473A TCA 1997

Approved Courses (IT & Foreign Language) and Course Providers - Section 476 TCA 1997

Distributing Offshore Funds approved in accordance with Section 744 TCA 1997

Properties determined by Revenue under Section 482 TCA 1997

Eligible Charities for the purposes of the scheme of tax relief on donations under the terms ofSection 848A TCA 1997.

Approved Bodies for Education in the Arts - Part 2, Sch. 26A TCA 1997

Tax Briefing is produced by: Operations Policy and Evaluation Division,Communications Policy and Evaluation Branch,Revenue Commissioners,Ardilaun House,St. Stephen’s Green West,Dublin 2.

Editor:Telephone:Assistant Editor:Telephone:Fax:E-mail:Design:

Allen Finnegan01 - 647 5000, Ext. 75440 Bernard King1890 236 336, Ext. 45515 01 - 644 [email protected] Duncan

While every effort is made to ensure that the information given in this publication is accurate, it is not a legaldocument. Responsibility cannot be accepted for any liability incurred or loss suffered as a consequence of relyingon any matter published herein.

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http://www.revenue.ie/publications/lists/apphos00.htmhttp://www.revenue.ie/publications/lists/LstD0003.dochttp://www.revenue.ie/publications/lists/S476Ju03.xlshttp://www.revenue.ie/publications/lists/offshore.htmhttp://www.revenue.ie/doc/sig_prop.dochttp://www.revenue.ie/doc/sn45.dochttp://www.revenue.ie/publications/lists/giftlist.htm

INCOME TAX

The following chart gives details of the main tax credits for 2003 and 2004.

Personal Tax Credits

Tax Year 2003 Tax Year 2004

£ £

Single Person’s Tax CreditMarried Person’s Tax CreditWidowed Person’s Tax Credit

qualifying for One-Parent Family Tax Creditwithout dependent childrenin year of bereavement

1,5203,040

1,5201,8203,040

1,5203,040

1,5201,8203,040

One-Parent Family Tax Credit(with qualifying dependent children)Widowed, Deserted, Separated or Unmarried 1,520 1,520

Widowed ParentBereaved in 2003Bereaved in 2002Bereaved in 2001Bereaved in 2000/2001Bereaved in 1999/2000Bereaved in 1998/1999

-2,6002,1001,6001,100

600

2,6002,1001,6001,100

600-

Home Carer’s Tax Credit (Max) 770 770

PAYE Tax Credit 800 1,040

Age Tax Credit(a) Single/Widowed(b) Married

205410

205410

Incapacitated Child Tax Credit 500 500

Dependent Relative Tax Credit (See Note 1) 60 60

Blind Person’s Tax Credit One spouse blindBoth spouses blind

Additional Allowance for a Guide Dog (See Note 2)

8001,600

825

8001,600

825

Incapacitated Person -Allowance for Employing a Carer (See Note 2) 30,000 max 30,000 max

Note 1: Tax Year 2003 Tax Year 2004£ £

The relative’s income limits are: *9,852 *10,372

If the relative’s income exceeds the relevant limit no tax credit is due.

Note 2: Relief in respect of a Guide Dog and for Employing a Carer are allowable at the individual’s highest rate of tax i.e. 20% or42% as appropriate in both years.


TAX CREDITS, RATES & EXEMPTIONS

3

Tax Relief for Loan Interest (Secured andUnsecured)

Tax Relief at Source (TRS) on Secured LoansTax Relief for home mortgage interest (Secured loans) isnot given through the tax system but is instead granted atsource (TRS). Mortgage repayments are be reduced bythe amount of the tax credit due. For example, if theinterest element of the mortgage repayment per month is£100, the mortgage lender will reduce the monthlymortgage payment by £20 per month. This reduction isthe same as giving tax relief at the standard rate of tax(20%).

Any future adjustments in the tax relief will be madeautomatically by the mortgage lender. It will therefore notbe necessary to claim relief on the annual tax return or tocontact the tax office.

Unsecured Home LoansRelief for interest payments made on unsecured HomeLoans used for qualifying purposes, i.e., repair orimprovement of an individual’s sole or main residence canbe claimed by review at the end of the tax year.

Amount of Relief AvailableRelief is due at the standard rate of tax (20%) in the year2003 and 2004 subject to the following upper limits:

Tax Year 2003 & 2004 Single Widowed Married

First Mortgage(first seven years)Others

£800£508

£1,600£1,016

£1,600£1,016

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RATES & EXEMPTIONS

INCOME TAX BANDS

PersonalCircumstances

Tax Year 2003 Tax Year 2004

£ £

Single/Widowedwithout dependentchildren

28,000 @ 20%Balance @ 42%

28,000 @ 20%Balance @ 42%

Single/WidowedQualifying forOne-Parent Family taxcredit

32,000 @ 20%Balance @ 42%

32,000 @ 20%Balance @ 42%

Married Couple(one spouse withincome)

37,000 @ 20%Balance @ 42%

37,000 @ 20%Balance @ 42%

Married Couple(both spouses withincome)

37,000 @ 20%(with an increaseof 19,000 max.)Balance @ 42%

37,000 @ 20%(with an increaseof 19,000 max.)Balance @ 42%

Note: The increase in the standard rate tax band is restricted to the lower of£19,000 or the amount of the income of the spouse with the lower income. Theincrease is not transferable between spouses.

EXEMPTION LIMITS

Tax Year2003

Tax Year2004

£ £

Single/Widowedunder 6565 years or over

Marriedunder 6565 years or over

Additional forDependent Children1st and 2nd child (each)Each subsequent child

Marginal Relief Tax Rate

5,21015,000

10,42030,000

575830

40%

5,21015,500

10,42031,000

575830

40%

4


PRSI & HEALTH CONTRIBUTIONS

Class A (Normal rate at which contributions aremade)

Employee’sIncome

chargeable asbelow:

TotalEmployer’s

Rate

Tax Year2003

Income up to£40,420 to PRSI @4% plus a HealthContribution @ 2%

Over £40,420 to aHealth Contribution@ 2%

6%

2%

10.75%

10.75%

Tax Year2004

Income up to£42,160 to PRSI @4% plus a HealthContribution @ 2%

Over £42,160 to aHealth Contribution@ 2%

6%

2%

10.75%

10.75%

Employees are exempt from PRSI on the first £127 perweek or £26 per week for employees on a modified PRSIrate. Employees earning £287 or less per week are exemptfrom PRSI and Health Contribution. However, whereearnings exceed £287 per week, the employee’s PRSI FreeAllowance remains at £127 per week or £26 per week foremployees on a modified PRSI rate. Employees earning£356 or less per week are exempt from the HealthContribution of 2%.

Note: Recipients of a Social Welfare Widow’s orWidower’s Pension, Deserted Wife’s Benefit/Allowance orOne-Parent Family Payment are exempt from paying the2% Health Contribution. All Medical Card holders(including people age 70 or over, from 1 July 2001) arealso exempt from this contribution.

Class S (Self-Employed)Class S (Self-Employed) Total

Tax Year2003

3% PRSI and 2% HealthContribution on all income

5%

Tax Year2004

3% PRSI and 2% HealthContribution on all income

5%

2003 & 2004: Self employed persons are exempt fromHealth Contribution of 2% where the annual income isless than £18,512.

The minimum annual PRSI contribution is £253.

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BENEFIT-IN-KIND

With effect from 1 January 2004, PAYE, PRSI and theHealth Contribution must be operated by employers inrespect of the taxable value of most benefits-in-kind andother non-cash benefits provided by them for theiremployees. Full details can be obtained in Employer’sGuide to operating PAYE and PRSI for certain benefits availableon Revenue’s website, www.revenue.ie, from Revenue’sForms and Leaflets Service at LoCall 1890 30 67 06, orfrom any Revenue office.

Cars (2004 et seq.)The notional pay to which PAYE and PRSI must beapplied is determined by reference to the “cashequivalent” of the private use of a company car. To arriveat the cash equivalent the employer must first apply abusiness mileage related percentage to the OriginalMarket Value (OMV) of the vehicle supplied (whether thevehicle is owned acquired new or second-hand or leasedby the employer).

Annual Business MileageThresholds

Cash Equivalent (% ofOMV)

15,000 or less15,001 to 20,00020,001 to 25,00025,001 to 30,00030,001 and over

30%24%18%12%6%

The cash equivalent is then reduced by any amountrequired to be made good, and actually made good, by theemployee directly to the employer in respect of any part ofthe cost of providing or running the car. For example, ifan employee is required to pay directly to the employer£50 per month in respect of petrol, the cash equivalent forthe year would be reduced by £600. If, without involvingthe employer, the employee pays £50 per month inpurchasing petrol for the company car, the cash equivalentis not reduced.

Alternative Basis for certain employees with lowbusiness mileage

In the case of certain employees whose annual businessmileage does not exceed 15,000 miles, the cash equivalentof 30% of OMV may be reduced by 20% giving aneffective cash equivalent of 24% of OMV.

This alternative basis is available where the followingconditions are complied with. The employee:

� works an average of not less than 20 hours per week

� travels at least 5,000 business miles per annum on theemployer’s business

� spends at least 70% of his or her working time awayfrom the employer’s premises

� retains a log book detailing business mileage, businesstransacted, business time travelled

and date of journey, and the log book is certified by theemployer as being correct.

2003 and prior:

Notes on the calculation of benefit in kind on motorcarsfor the years 2003 and prior are given in previous issues ofTax Briefing Supplement.

Preferential LoansPAYE and PRSI apply to the benefit derived by anemployee from certain loans at preferential rates ofinterest.

PAYE and PRSI are to be applied to the differencebetween the amount of interest paid or payable on thepreferential loan in the tax year and the amount of interestwhich would have been payable in the tax year if the loanhad been subject to the ‘specified rate’.

Preferential Loans:HomeLoans

OtherLoans

Tax Year 2003 “Specified Rate” 4.5% 11%

Tax Year 2004 “Specified Rate” 3.5% 11%

Note: The amount of the benefit-in-kind on a home loanis treated as home loan interest paid. Tax relief is availableon the deemed interest paid on a home loan.

Bus & Train PassesBenefit-in-kind does not apply to the provision of certainmonthly or annual bus or train pass by an employer to anemployee or director.

Mobile phones and Laptops provided by anemployer

Where an employer provides an employee with a mobilephone or a laptop for business purposes, a taxable benefitwill not be treated as arising if private use is merelyincidental to the business use.

Professional subscriptionsWhere the employer pays a subscription to a professionalbody on behalf of an employee, or reimburses theemployee who has paid such a subscription, a taxablebenefit or emoluments will not be treated as arising ifmembership of that professional body is relevant to thebusiness of the employer.

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STAMP DUTY RATES

Conveyances/Transfers/Assignments of Lands,Buildings etc.

Residential Property - Rates of Stamp DutyAggregate

ConsiderationFirst TimeBuyer Rate

Full Rate

Less than £127,000£127,001 - £190,500£190,501 - £254,000£254,001 - £317,500£317,501 - £381,000£381,001 - £635,000Over £635,000

ExemptExempt

3%3.75%4.5%7.5%9%

Exempt3%4%5%6%

7.5%9%

Non Residential Property - Rates of Stamp Duty

Rate of DutyThresholds from 4 December 2002

£

Exempt1%2%3%4%5%6%7%8%9%

Up to 10,00010,001 - 20,00020,001 - 30,00030,001 - 40,00040,001 - 70,00070,001 - 80,000

80,001 - 100,000100,001 - 120,000120,001 - 150,000

Over 150,000

Conveyances/Transfers of Stocks/MarketableSecurities

Duty is 1% of the consideration paid for theshares/marketable securities.

Where a computation of the 1% duty on the transfer ofshares falls under £1, a minimum duty of £1 is payable inrespect of instruments executed on or after 6 February 2003.

GiftsWhere property is transferred as a gift or for less than fullvalue duty is charged on the market value of the propertyat the appropriate rate.

LeasesDuty is payable on both the rent and the premium.

RentRent Rate of Duty

Lease of a house or apartment for aterm which is indefinite or does notexceed 35 years and where the rentdoes not exceed £19,050 p.a.

In all other cases, where the lease isfor a term:

· which is indefinite or doesnot exceed 35 years

· which exceeds 35 years butdoes not exceed 100 years

· which exceeds 100 years

Review Clause

Exempt

1% of the averageannual rent



£12.50

PremiumThe rates of duty are the same as those shown underconveyances/transfers/assignments of lands/buildings, etc.

MortgagesPrimary or Principal Security Rate of Duty

Where the total amount secured:· does not exceed £254,000· exceeds £254,000

Exempt0.1% of the amountsecured subject to amaximum of £630.

Equitable Mortgage or Transfer,Assignment or Disposition of a

Mortgage:Rate of Duty

Where the total amount secured:· does not exceed £254,000· exceeds £254,000

Exempt0.05% of the amounttransferred, assigned ordisposed subject to amaximum of £630.

Where the calculation results in an amount which is not a multiple

of £1 the amount must be rounded down to the nearest £1.

Main Exemptions/Reliefs� Transfer of property between spouses - exempt. The

exemption also applies to property transferredbetween divorced couples on foot of certain ordersmade by Irish or foreign Courts.

� Intragroup transfers - exempt

� Company reconstructions and amalgamations -exempt

� Certain financial instruments - exempt

� Consanguinity relief - applies to transfers of land,buildings, etc. to certain relatives, e.g., parent,grandparent, step-parent, child, brother, sister,half-brother/sister, aunt, uncle, niece, nephew. Halfthe normal rate of duty applies. This relief does notapply to leases.

� New Houses - owner occupier - floor areacertificate - exempt. Floor area compliancecertificate replaces the floor area certificate forinstruments transferring houses greater than38 sq. m. and less than 125 sq. m. executed after1 April 2004. A floor area compliance certificate isalso required for instruments dated on or after1 July 2004 transferring new houses greater than125 sq. m. Duty is charged on site value or onequarter of total value of house including site,whichever is the greater, subject to clawback

� Charities - conveyance/transfer/lease of land - exempt

� Young trained farmer relief - full reduction of dutyotherwise payable. Section 81A Stamp DutiesConsolidation Act 1999 provides an updated list ofeducational qualifications and changes to thestandards of those qualifications, as well asproviding for individuals with learning disabilities

� Commercial woodlands - duty not chargeable onthe value of the trees growing on the land

� Transfer of a site from parent to child - exemptionthreshold £254,000


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STAMP DUTY RATES continued

� Intellectual property - certain internationaltrademarks - exempt. Instruments, dated on or after1 April 2004, effecting the sale, transfer, or otherdisposition of intellectual property including anycontract or agreement for sale. Intellectual propertyincludes patents, trademarks, copyrights, registereddesign, design right, invention, domain name, plantbreeders rights and also any goodwill attributable tothe aforementioned.

VALUE ADDED TAX

Taxable Persons must register for VAT where the amountof their annual turnover i.e., the amount of receiptsexcluding VAT, from the supplies of taxable goods andservices exceeds or is likely to exceed the following limits:

� £51,000 in respect of the supply of goods

� £25,500 in respect of the supply of services

Farmers, sea fishermen and traders whose turnover isbelow these limits are not generally obliged to register forVAT but may do so if they wish.

Certain other categories are also obliged to register forVAT, e.g., persons who receive taxable services fromabroad and foreign traders doing business in the State.Foreign traders must register irrespective of their level ofturnover.

Rates of VAT

2003 2004

Standard RateReduced Rates

21%13.5%, 4.3%, 0%

21%13.5%, 4.4%, 0%

VAT Property MultiplierThe multiplier to be used for the valuation of supplies ofan interest in immovable goods is 21.27 with effect from1 February 2004.

VEHICLE REGISTRATION TAX

Rates of VRT from 1 January 2003

CarsUp to 1400cc1401cc - 1900ccover 1900cc

22.5% of OMSP25% of OMSP Subject to a minimum30% of OMSP tax of £315

Small Vansand some jeeps

13.3% of OMSP } Subject to a minimumtax of £125

Motor CyclesNew

Used

£2 per cc up to 350cc and £1 per ccthereafter£2 per cc up to 350cc and £1 per ccthereafter less a deduction for age

Other Vehiclese.g. Tractors,Large Vans,Lorries, etc.

A Flat Rate of £50

OMSP = Open Market Selling Price


7

}

EXCISE DUTIES

GOODS RATES

Still Wine and Made WineNot exceeding 5.5% volumeExceeding 5.5% but not exceeding15% volumeExceeding 15% Volume

Sparkling Wine, Sparkling MadeWine and ChampagneNot exceeding 5.5% volumeExceeding 5.5% volume

Cider and Perry (Still & Sparkling)Not exceeding 6% volumeExceeding 6% volume but notexceeding 8.5% volume

Still Cider and PerryExceeding 8.5% volume but notexceeding 15% volumeExceeding 15% volume

Sparkling Cider and PerryExceeding 8.5% volume

Spirits

Beer

Cigarettes

Cigars

Per Hectolitre£90.98

£273.00£396.12

Per Hectolitre

£90.98£546.01


£192.47

£273.00£396.12


Per litre of alcohol inSpirits£39.25 per litre

£19.87 per hectolitreper cent alcohol byvolume

£133.39 per thousandplus 18.32% of theretail price

£196.409 per kilogram

Mineral Oils

Description of Product Rate of Duty

Light Oil:Leaded petrolUnleaded petrolSuper unleaded petrolAviation gasoline

Heavy Oil:Used as a propellant withmax sulphur content of50mg per kgOther heavy oil used as apropellantKerosene used other than asa propellantFuel oilOther heavy oil (markedgas oil)

Liquefied Petroleum Gas:Used as a propellantOther liquefied petroleumgas

Substitute Fuel:Used as a propellantOther substitute fuel

£

553.04 per 1,000 litres442.68 per 1,000 litres547.79 per 1,000 litres276.52 per 1,000 litres

368.05 per 1,000 litres

420.44 per 1,000 litres

31.74 per 1,000 litres13.45 per 1,000 litres

47.36 per 1,000 litres



368.05 per 1,000 litres47.36 per 1,000 litres

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CAPITAL GAINS TAX

CGT Rates

Ordinary RateApplies to all land, including developmentland from 1 December 1999

Certain Foreign Life Assurance Policiesand units in certain offshore funds

20%

40%

Individual Exemption

£1,270 per annum from 1 January 2002

For more specific details refer to the Guide to CapitalGains Tax.

CORPORATION TAX

Standard RateFrom 1/1/2003 (Trading Income*)Higher RateFrom 1/1/2003 (Non Trading Income**)

12.5%

25%

* Profits from dealing in land which has been fully developedare liable at 20%

** includes income chargeable under Case III, Case IV,Case V, income from working minerals, petroleumactivities and certain dealings in development land otherthan construction operations and dealing in land which hasbeen fully developed.

Sale of Residential Land

From 1/1/2000 20%

Manufacturing RateManufacturing relief is being phased outand the following companies areentitled to this relief until the datespecified.

Deemed manufacturing activitiescarried on in the Shannon Airport areaapproved on or before 31/5/1998.

Deemed manufacturing activitiescarried on in the Customs HouseDocks Area approved on or before31 July 1998.

Other manufacturing activities beingcarried on before 23 July 1998 (or grantapproved on or before 31 July 1998).

For all other companies the reliefexpired on the 31 December 2002.

10%

Relief expires31 December 2005



Qualifying Shipping TradeFrom 1/1/2001 12.5%

Tonnage TaxThis alternative method of calculating corporation taxcommenced on the 28 March 2003

CAPITAL ACQUISITIONS TAX

Rates

Threshold Amount

Balance

Nil

20%

Small Gift Exemption - £3,000 for gifts taken on or after1 January 2003.

Indexation FactorsFor Capital Acquisitions Tax purposes, in respect oftaxable gifts or inheritances taken in the following years,the index factors to be used are:

1990 1.041991 1.0761992 1.1091993 1.1451994 (prior to 11 April) 1.160(To be applied to the threshold amount)

1994 (on or after 11 April) 1.1601995 1.1881996 1.2171997 1.2371998 1.2561999 1.2862000 -(To be applied to the class threshold)

2001 1.0562002 1.1082003 1.1582004 1.198(To be applied to the group threshold)

Thresholds and IndexationFor the purpose of Gift and Inheritance Tax, therelationship between disponer and beneficiary, determinesthe maximum tax free threshold - known as the “groupthreshold”. Three Group thresholds were introduced on1 December 1999 in respect of gifts and inheritances takenbetween 1 December 1999 and 31 December 2000.Thereafter the Group thresholds are indexed in line withinflation.

The indexed Group thresholds for 2002, 2003 and 2004are set out in the table below.

ClassRelationship to

Disponer

Group Threshold

2002 (afterIndexation)

2003 (after

Indexation)

2004 (after

Indexation)

A Son/ daughter £422,148 £441,198 £456,438

BParent*/Niece/Nephew/Brother/Sister/Grandchild

£42,215 £44,120 £45,644

CRelationships other thanGroup A or B

£21,108 £22,060 £22,822

* In certain circumstances a parent taking an inheritance from achild can qualify for the Group A threshold.

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Main Heading Sub Heading Issue Reference

Capital Acquisitions Tax

Capital Gains Tax

Collector-General/Employer Information

Corporation Tax

Business Relief and Caravan ParksBusiness Relief - Debts and Excepted AssetsCompletion of Form IT38Finance Act 1998 ChangesFinance Act 1999 ChangesFinance Bill 2000 ChangesInherited House ReliefInterest on Unpaid/Overpaid Tax - CAT and ProbateReview and Appeal ProceduresSuccession Act

Appropriation of Assets to Trading StockBuy-Back of Shares - Trade Benefit TestCalculation of Base Cost (Shares)Clearance Certificates (CG50A)CorrespondenceDevelopment Land - Finance (No.2) Act 1998Development Land - Finance Bill 2000Development Land/Right of WayDevelopment Land/Part DisposalEircom Shares - Calculation of base costEU Group - Transfer of AssetsFinance Act 2003 ChangesFirst Active PLCJefferson Smurfit SharesLloyd’s CasesLloyd’s Reconstruction and Renewal SchemeLosses on disposal of BES sharesLosses - Negligible ValueNorwich Union SharesPartition of Family Trading CompaniesPayment DateRetirement Relief - Land let on ConacreRetirement Relief and LiquidationsRetirement Relief ReconstructionsRoll Over ReliefShares - Disposal ofTaxi PlateTime of DisposalTrade Benefit Test - Buy-Back of SharesTransfer of Assets within an EU GroupValuation of Unquoted Shares

Automated Remittance ProcessingCONTAX ProjectDirect Debit - Income Tax Preliminary TaxDirect Debit - VAT, PAYE/PRSIEuro - Election for PAYE/PRSIGIRO Payslips on Tax DocumentsIndustrial Training Apprenticeship Levy - PRSIIntegrated Taxation ProcessingIntegrated Taxation Processing - VATIntoxicating Liquor LicencesP35 Diskette for Tax PractitionersP35 - 1999/2000P35 - 2000/2001P35 - 2001P35 - 2002P35 - 2003Post-Dated ChequesSheriff’s Fees and Expenses Order 1998Tax Clearance - AutomaticTax Clearance - Intoxicating Liquor LicencesVAT Repayments - Electronic

ACT Set-off against SurchargeApproved Buildings/Gardens - Relief for expenditureBES Relief - Seed DressingBES - Extension of Limits

5533233236

39,4030313728

352546

35,5152

32,3339355246325353531924215230

44,5154362647

12,35,52403636253225

2335

35,3634332826353926393943465154

28,32,34332726

30,31,32,34

34173247

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TAX BRIEFING INDEX [Items of Current/Ongoing Relevance]

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Corporation Tax Capital Allowances - Industrial & Commercial BuildingsCapital Allowances - Multi Storey Car ParksCapital Allowances - Plant in Leased BuildingsCapital Allowances - Transitional ArrangementsCapital Allowances - Video TapesCharities - Corporate DonationsCharities - Deeds of CovenantCharities - List of Natural SciencesCharities - Standard Memo and Articles of AssociationCompany Incorporation - Economic ActivityCompletion of ReturnsComputationsDesignated Schools - Tax Relief for GiftsEnterprise Areas - Urban Renewal ReliefForeign Income Dividend (FID’s)Form CT1 - AttachmentsForm CT1 CompletionIFSC - Audit ReportIFSC Certificates - Explanatory MemorandumIncorporation - Economic ActivityIndustrial & Commercial Buildings - Capital AllowancesInsolvency - Agreed PracticeInterest on late payments in Commercial TransactionsInvestment UndertakingsIrish Registered Non-Resident CompaniesLeases - Taxation TreatmentLeasing - Defeasance PaymentsLife Assurance Companies - EC Regulations 1996Life Assurance Companies - New Tax RegimeLosses, Charges and Group Relief OffsetManagement Expense - Supreme Court DecisionManufacturing ReliefManufacturing Relief - Blast Freezing and Cold StorageManufacturing Relief - Reduced CT RateManufacturing Relief - Road-Marking CompaniesManufacturing Relief - Supreme Court DecisionMulti-Storey Car ParksPatent RoyaltiesPay & File 2003Permanent Establishment - GuidelinesPre-Trading ExpensesPre-Trading InterestPrompt Payment Act - Treatment of InterestProperty Rental Companies - Management ExpensesPublic Private Partnership ProjectsReduced CT Rate (Calculations)Rental Income - Accountancy and Administration CostsRental Income - Accountancy FeesRental Income - ComputationsRental Income - Finance (No.2) Act 1998Rental Income - Interest on borrowingsRental Income - Management ExpensesRental Income - Pre-Letting ExpensesResidential Development LandResort Areas - Capital AllowancesResorts - Transitional ArrangementsReturns - AttachmentsReturns - Signature ofScientific ResearchStocklending and Repo TransactionsSurcharge - Undistributed income of Service CompaniesSurcharge and Section 23 ReliefTown Renewal SchemeTrading LossesUrban Renewal Relief - Enterprise AreasUrban Renewal Relief - Refurbished BuildingsUrban Renewal Relief - Residential Properties

412142311431313141424240342427

52,5329,37

3032424115524237

24,253124

41,4344, 51

40553329254121

27,3852,53

262711312539292531263232263140263152

8,1718

36,432525

37,41,4251242933

Queries

Queries


10

TAX BRIEFING INDEX

This

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more

than 5

years

old.

Whe

re sti

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Customs & Excise

Dividend WithholdingTax

EURO

General

EC/Mexico Preferential Trade AgreementExports to non-EU CountriesImporters - Generalised System of Preferences (GSP)

Finance Bill 1999 ProvisionsForms & Leaflet

Euro - Business GuideEuro - ChangeoverEuro - Changeover CostsEuro - Conversion RatesEuro - Corporation TaxEuro - PAYE/PRSIEuro - Revenue ServicesEuro - Technical Tax IssuesEuro - VAT

Bogus Non-Resident AccountsBudget to Finance Act - The StagesBudget 2000 HighlightsBudget 2001 - SummaryBudget 2002 - SummaryBudget 2003 - SummaryBudget 2004 - SummaryCasual EmployeesCompanies Registration Office - ComplianceCompliance Campaign 2000Compliance Campaign 2001Compliance - Companies Registration OfficeCompliance - Court ProceedingsCompliance - PAYE DirectorsCompliance - Strike-off of CompaniesDebt Management - Revenue StrategyDistrict Court Rules - Disclosure by FinancialInstitutionsDouble Taxation Agreements Withholding Tax RatesDouble Taxation Convention [Ireland/Mexico]Double Taxation Convention [Ireland/UK Protocol]Double Taxation Convention [Ireland/United States]E-Commerce - OECDE-Working and TaxElectronic Commerce ReportElectronic StorageExchange RatesFinance Act 1996 SummaryFinance Act 1997 SummaryFinance Bill 1998 - Non-Budget ItemsFinance Act 1998 - SummaryFinance Bill 2000 - SummaryFinance Act 2001Finance Act 2002Finance Act 2003Finance Act 2004Foreign Effective RatesFreedom of InformationIFSC - Audit ReportIFSC Certificates - Explanatory MemorandumIFSC - Ten Years oldInsolvency - Revenue PolicyInternational IssuesInternational Issues - Withholding Tax RatesLife Assurance Companies - EC Regulations 1996Lloyds CasesLloyd’s Reconstruction and Renewal SchemeLloyds Underwriters - Irish Names

413232

3536

3440, 44, 46

3135

32,5233303133

44,45,51,533838424751544640

38,39434038363242

41313434284345364655222730323943475255

32,5130,31,36

30322342

25,30,343124192426

TAX BRIEFING INDEX

11

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conte

nt is

more

than 5

years

old.

Whe

re sti

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General

Income Tax

Pension Transfer Agreement Irish/UK SchemesPensions - Small Self Administered SchemesPersonal Injuries - Exemption of IncomePersonal Public Service Number - PPS No.Phoenix CompaniesProsecution PolicyPRSI - Short Tax “Year”PRSI - Special Collection SystemPRSI - Voluntary ContributionsRegistration FormsRetention of RecordsReturns made by IntermediariesRevenue eBriefRevenue Lo-Call NumbersRevenue’s New StructureRevenue Offshore ProjectRevenue On Line Service [ROS]Revenue OpinionsRevenue Restructuring - CATRisk Analysis SystemROS - GeneralROS - How to RegisterROS - Performance Issues during Pay & FileSheriff’s Fees and Expenses Order 1998Tax Adviser Identification Number (TAIN)Tax Registration FormsThird Party ReturnsUK/Ireland Protocol to Double Taxation ConventionUnited States/Ireland - Double Taxation ConventionYear 2000 - Changeover Costs

Accounting Rules and Taxation - FRS 12Agency WorkersApproved Buildings/Gardens - Relief for expenditureArtists’ ExemptionBasis of Assessment - CessationBasis of Assessment - CommencementBenefit-in-Kind and CarsBenefit-in-Kind - Bus and Train PassesBenefit-in-Kind - Childcare ServicesBenefit-in-Kind - GeneralBridging Finance [Guidelines]Brood Mares - Book ValueCalendar Tax YearCapital Allowances - Childcare ServicesCapital Allowances - Industrial & Commercial BuildingsCapital Allowances - Married CouplesCapital Allowances - Multi Storey Car ParksCapital Allowances - Nursing HomesCapital Allowances - Plant in Leased BuildingsCapital Allowances - Resort AreasCapital Allowances - Transitional Arrangements 1998Carer’s Tax AllowanceCessation of a TradeCharities - Deeds of CovenantCharities - List of Natural SciencesChildcare Services - Benefit in KindChildcare Services - Capital AllowancesCommencement RulesCompletion of ReturnsCouriersCovenant ReliefCredit Unions, Deposit Accounts and DIRTCross Border WorkersDeferral of Income Tax on exercise of Share OptionsDependent Relative - Health ExpensesDeposit InterestDeposit Interest and Marginal ReliefDesignated Schools - Tax Relief for GiftsDirectors’ RemunerationDirectors’ - Surcharge

22244440

23,2436,43

4354

48,533252235450

52,5455

34,39545553

41,42,43,52,53,544055333555

12,21342831

413117

18,423635

21,284137403425

41,42,43,45374137215042383139

36,43313137

37,41354228

17,1816,21

3450171518345025

Queries

Topical Questions

TAX BRIEFING INDEX

1212

This

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nt is

more

than 5

years

old.

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re sti

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Income Tax Disability/Occupational Injury BenefitDiscretionary Trusts - SurchargeDividend Withholding TaxDoctors - Geographical Wholetime ConsultantsDouble Taxation ReliefEmployed or Self-Employed - GuidelinesEmployees’ Motoring ExpensesEmployees’ Subsistence ExpensesEmployer Paid Medical Insurance PremiumsEmployment Grants and SubsidiesEmployment Inducement PaymentsEmployment Status Group ReportEnterprise Areas - Urban Renewal ReliefEntertainment ExpensesExamination AwardsFarm Retirement SchemeFarming - Compulsory Disposal of LivestockFarming - Conacre LettingFarming - Death CasesFarming - Foot & Mouth RestrictionsFarming - Mulder CompensationFarming - Race Horse TrainersFarming - Rural Environment Protection SchemeFarming - StallionsFarming - Stock Relief ClawbackFarming - Stock Relief Time LimitsFarming - Stock Relief, Young Farmers in PartnershipFarming - Stock Valuation on Farm Retirement SchemeFilm 3 FormFilm ReliefFood and Subsistence ExpensesForeign Earnings Deduction - Finance Act 1999Foreign Earnings Deduction - Finance Act 2000 changesForeign Earnings Deduction - Qualifying DayForeign Income Dividend (FID’s)Form 46G and 46G (Coy)Form 11 (Attachments)Form BNR1Form P11DFringe BenefitsFRS 12 - Accounting Rules and TaxationGMS - Pension SchemeGMS Superannuation Plan Retirement Annuity ReliefGMS - Treatment of GrantsGrants and Subsidies - EmploymentHealth Expenses - Child Oncology PatientsHealth Expenses - Children with Serious IllnessesHealth Expenses - DentalHealth Expenses - Dependent RelativeHealth Expenses - Guidelines on ClaimsHealth Expenses - Kidney PatientsHepatitis C - Compensation PaymentsHeritage Items Relief for DonationsHome Carer’s AllowanceHome Carer’s Tax CreditHome Loan Interest (Rules and Guidelines)Incapacitated Individuals - Special TrustsInducement PaymentsIndustrial & Commercial Buildings - Capital AllowancesIntegrated Taxation ProcessInterest Cap Fees/PaymentsInterest on Late Payments in Commercial TransactionsInterest Payments, exemption from withholding taxInterest Relief - Home LoansIslands ReliefLeased AssetsLeases - Taxation TreatmentLeasing - Defeasance PaymentsLecturers/Teachers/Trainers - Taxation treatment

2633

35,36,41101333

41,4627,36,40,46

4326,30

32432429391650219

5014202333

5,8,91521

13,213741313640

31,5527

21,2952, 53

53394041

3,4,5,62829

26,3027,55

3626,5017,41

3327,5535,44

203951343832

41,4451255255342320

24,253128

Queries

Queries

Topical Questions

Topical Questions

Topical Questions

TAX BRIEFING INDEX

13

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conte

nt is

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Whe

re sti

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TAX BRIEFING INDEXMain Heading Sub Heading Issue Reference

Income Tax Lloyds CasesLloyd’s Reconstruction and Renewal SchemeLloyds Underwriters - Irish NamesLong Service AwardsLump Sum PaymentsMaintenance Payments and LeviesMarginal Relief and DIRTMedical Insurance Premiums - Employer PaidMedical Insurance Relief (TRS)Mortgage Protection Policy PremiumsMotor ExpensesNotional Loans relating to SharesOwner-Occupier Relief - Married CouplesPatent RoyaltiesPay and File 2003Pay and File DeadlinePay and File Extension 2004Pay and File Payment OptionsPay and File Performance Issues - ROSPay and File SystemPAYE Allowance (Foreign Social Security Pensions)PAYE - Emergency BasisPension Options - FA 2000 ChangesPermanent Establishment - GuidelinesPersonal Public Service Number - PPS numberPersonal Retirement Saving AccountPersonal Stop Loss - Irish NamesPostgraduate FeesPre-Trading ExpensesPreliminary Income Tax “Top Up Payments”Preliminary Tax - CalculationPreliminary Tax - Direct DebitProfessional Service Company SurchargeProfit Sharing SchemesPrompt Payment Act - Treatment of InterestPSWT - Apportionment of CreditPSWT - Calendar YearPSWT - Commencement and CessationsPSWT - DocumentationPSWT - FA 2003PSWT - Non-ResidentsPSWT - Preliminary TaxRace Horse Trainers and FarmingRedundancy Payments & re-engagement of employeesRedundancy Payments - Tax TreatmentRelevant Contracts Tax - 1996 ChangesRelevant Contracts Tax - 1997 ChangesRelevant Contracts Tax - 1998 ChangesRelevant Contracts Tax - 1999 ChangesRelevant Contracts Tax - C2 ApplicationsRelevant Contracts Tax - C2 Applications/Payment CardsRelevant Contracts Tax - C2 ProceduresRelevant Contracts Tax - and DevelopmentRelevant Contracts Tax - Forestry OperationsRelevant Contracts Tax - Form RCT1Relevant Contracts Tax - Integrated Taxation ProcessRelevant Contracts Tax - Regulations 2000Relevant Contracts Tax - Payments CardRelevant Contracts Tax - RCT 30Relevant Contracts Tax - RCTDC - New 8 DigitRemoval/Relocation ExpensesRenewable Energy Form REG3Rent-a-Room ReliefRental Income - Accountancy and Administrative CostsRental Income - Accountancy FeesRental Income - ComputationsRental Income - Death CasesRental Income - Deductibility of loan interestRental Income - Finance (No.2) Act 1998Rental Income - Furnished LettingsRental Income - Interest on borrowings

192426

39,4828,36,40

2218434353413237

38,535250555055

44,47,48,49,502150412640

47,502440275137

35,3648

20,38,40,46,5431,52

2344,47

2218,28

53151620

22,5428,36

222733

35,3734,55

55372

29265140

29,4541543137

44,4625312623503237

32,33,37,45,50

Topical Questions

Queries

Queries

Queries

Topical Questions

Queries

14

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old.

Whe

re sti

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Income Tax Rental Income - Management ExpensesRental Income - Mortgage Protection Policy PremiumsRental Income - Non-Resident LandlordsRental Income - Pre-Letting ExpensesRental Income - Replacement BorrowingsResidence - Foreign Earnings DeductionResidence of IndividualsResidential Development LandResort Areas - Capital AllowancesResort Areas - Holiday CottagesResorts - Transitional ArrangementsRetirement Annuity ContractsReturns - AttachmentsReturns - Guidelines on CompletionReturns - IndividualsReturns - Signature ofRevenue Job AssistRevenue OpinionsRICT Forms - SubmissionSavings Related Share Option SchemesSavings Scheme (SSIAs)Schedule E - Topical QuestionsSeafarer’s AllowanceService Charges ReliefSharefishingShare Option Schemes - ResidenceShare Options - Deferral of Payment of Income TaxShare Options - Finance Act 2003Share Options - Payment of TaxShare Options - Preliminary TaxShare Options - Release ofShare Options - Tax TreatmentShare Options - Unapproved SchemesShare Schemes - Notional LoansShare Schemes - Restricted SharesShort Tax “Year”Special Portfolio Investment AccountsSpecial Savings AccountsSpecial Trusts - Permanently Incapacitated IndividualsSportspersons Employed by Clubs - ExpensesStaff Suggestion Schemes - Tax TreatmentShuttle StallionsStallions (In the State)Standard Rating of Allowances 1999/2000Stocklending and Repo TransactionsSubscriptions to Trade and Professional AssociationsSubsistence ExpensesSubsistence and Food ExpensesSurcharge for Late ReturnsSurcharge and DirectorsSurcharge - Discretionary TrustsTax Credit SystemTax Relief at Source - Medical Insurance ReliefTax Relief at Source - Mortgage InterestTermination PaymentsTermination Payments - Legal CostsThird World Charities - Tax ReliefTown Renewal Scheme“Top Up Payments” - Preliminary Income TaxTraining Courses ( I.T. and Foreign Languages)Trans-Border WorkersTuition FeesUK DividendsUN and Specialised Agencies of UN Salaries/PensionsUrban Renewal Relief - Enterprise AreasUrban Renewal Schemes - Multi-storey Car ParksUrban Renewal Schemes - Owner Occupier ReliefUrban Renewal Schemes - Refurbished BuildingsUrban Renewal Schemes - Residential PropertiesUS Dividends Encashment TaxUS Social Security Pensions - Taxable in Ireland

26534231

33,3731,36

15,17,20,2540

26,38,43473144

52,5323,28,29

518,17

31,3548

29,3742433936214731

41,48,5052535550403632

31,3541,42,43

23263852

32,35483335

36,4329

27,36,40,5031252533

41,42,434344

28,3651

22,2737,41,42

5134345240242421

29,3329333533

Topical Questions

Topical Questions

Queries

Topical Questions

Topical Questions

TAX BRIEFING INDEX

15

This

conte

nt is

more

than 5

years

old.

Whe

re sti

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Income Tax

Residential PropertyTax

Revenue Audit

Stamp Duty

Value Added Tax

Week 53 procedures - PAYEWidows Pension - O’Siochain v Neenan

Year 2000 - Changeover Costs

Certificate of ClearanceReview and Appeal ProceduresCaptive Insurance Companies in IFSCCode of PracticeComputer AuditingCustomer ServiceFees - Revenue AuditInternal Review Procedure and Revenue AuditsLinking DocumentsLocationManufacturing ReliefProsecution PolicyPublican TradeReview Procedures - External Reviewers

Abolition of Adjudication - New HousesConsolidation Bill 1999CREST - Share Transfer SystemFinance (No.2) Act 1998Finance Act 1999Finance Bill 2000GeneralInterest on Unpaid/Overpaid DutyLost Stamped DeedsParticulars DeliveredResidential PropertyReview and Appeal ProceduresRevenue Certificates in DeedsShares in Private CompaniesShare TransfersSubstitute DeedsSurchargesUnquoted SharesYoung Trained Farmers

Addresses for Foreign TradersAgrimonetary CompensationAI ServicesArgos CaseAuctioneers and Auction and Agency salesBloodstock IndustryCash Receipts BasisChild CareCommittee GuidelinesDiplomats - ReliefsDirect DebitElectronically Supplied ServicesErin Executor & Trustee Co. CaseEU SuppliesFinance Act 1997 ChangesFinance Act 1998 ChangesFlexible Annual AccountingFootwearForeign Traders and Construction ContractsForm 13B - ExportsFramed PhotographsHorticultural ProduceHot Take-away FoodIncrease in the Reduced rate of VATInsurance Related ServicesIntegrated Taxation ProcessingIntra-Community Acquisition of GoodsInvoices - Time LimitsLeasing Assets - VAT TreatmentMargin Scheme GoodsMotor Cars and Petrol - No DeductionMotor Vehicles - 7th Directive

2032

31

31,36,403716

36,49262611

21,26,39222320363639

21,2238233236

39,40403118

18,20,55403744173718152925

302932273544

29,3027

42,43,44,5225465332302732

22,2327,32

29293927365145392724

24,46303336

Topical Questions

FA 1997

FA 1997

FA 1997

FA 1997

TAX BRIEFING INDEX

16

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conte

nt is

more

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old.

Whe

re sti

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TAX BRIEFING INDEXMain Heading Sub Heading Issue Reference

Value Added Tax

Vehicle Registration Tax

Motor Vehicles - RatesMotor Vehicles - VAT and VRTMultiplier, VATNew VAT Treatment of VehiclesNo VAT LossParcel Post - Goods ImportedPhotographs - FramedPost-Letting Expenses (Erin Executor & Trustee Co.)Printing and Printed MatterProperty - 4A ApplicationsProperty, VAT onPurchase RecordsReduced Rate of VAT - Increase inRegistration and Repayments AddressesRegulationsReliefs for DiplomatsRepayments - Electronic RepaymentRetail SchemesReturns by AgentsSecond Simplification DirectiveSecond-Hand Vehicles, 7th VAT DirectiveSection 4A ApplicationsShare AcquisitionsStaff CanteensTelecommunications ServicesToll Roads / Toll BridgesTrade-insTransfer of a BusinessVeterinary ServicesWaiver of Exemption Regulations 1998

Crew CabsFinance Act 2000 ChangesInformation KiosksStatements of PracticeUsed Car Valuation SystemVehicle Registration Certificates

4140555327363932

32,3540552451303925

29,31,3223,27

4722

22,30,36405429

27,354530512833

534132

32,373555

FA 1997

17

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Reference Title Latest Issue Date

Income Tax

ITITITITCGITITITITITITITITIT

ITITITITITITITITITITITITITITITITITITITITITITITITITITITITITITITIT

ITITITITITITITIT

123611789101112131414A

1516171819202122242626A272930313545464748495051525354555657585961

6263646566676970

Tax Credits, Reliefs & Tax RatesTaxation of Married PersonWhat to do about Tax when you SeparateMedical Expenses ReliefMedical Insurance - Tax Relief at SourceCovenants to IndividualsTax Exemption & Marginal ReliefOne Parent Family Tax CreditGuide to Self-Assessment for the Self-EmployedEmployees Guide to PAYEDisabled Persons & Income TaxPersonal Injury Compensation PaymentsNew Pension Options - For the Self-Employed and Directors of Family CompaniesNew Pension Options - For the Self-Employed and Directors of Family Companies FA2000 ChangesThe Seed Capital Scheme: Tax Refunds for New EnterprisesThird Party Returns (Automatic Return of Certain Information)Special Savings Accounts and other Special Investment ProductsIncapacitated Child Tax CreditProfessional Services Withholding Tax (PSWT)Benefits from EmploymentsLump Sum Payments on Redundancy/RetirementTaxation of Disability and Short-Term Occupational Injury BenefitsTaxation of Unemployment BenefitUrban Renewal ReliefIntegrated Area Urban Renewal SchemeTax Relief on Service ChargesTax Reliefs for Renewal and Improvement of Certain Resort AreasRelief for Expenditure on Approved Buildings and Gardens in the StateTax Relief for Tuition FeesBlind Persons Tax Credits & Reliefs - large printTax Credits for Over 65’sDependent Relative Tax CreditEmployed Person Taking Care of an Incapacitated IndividualStarting in Business - A Revenue GuideVAT for Small Business - A Revenue GuidePAYE / PRSI for Small Employers - A Revenue GuideEmployees’ Motoring ExpensesTaxation Treatment of Finance LeasesDomestic Employer SchemeEmployees’ Subsistence ExpensesThe Business Expansion Scheme: Relief for Investment in Corporate TradesRelief for Expenditure on Approved Objects on Display in an Approved Building or GardenRelief for Investment in FilmsRevenue Job Assist - Information for EmployeesRevenue Job Assist - Information for EmployersA Revenue Guide to Professional ServicesWithholding Tax (PSWT) for Accountable Persons and Specified PersonsA Guide to Profit Sharing SchemesRCT - Guide for Principal Contractors & Update SlipRCT - Guide for Sub-Contractors & Update SlipRural Renewal SchemeHome Carer’s Tax CreditFirst Job - A Guide for First Time Entrants to the PAYE Tax SystemE-Working & TaxA Revenue Guide to Rental IncomeCode of Practice for determining Employment or Self-Employment status of IndividualsEmployed or Self-Employed - A Guide for Tax and Social InsuranceCode of Practice for Revenue AuditorsEmployer’s Guide to PAYEPrinciples of Quality Customer ServicePay and File and the 2002 Income Tax ReturnEmployer’s Guide to operating PAYE and PRSI for certain benefitsGuide to Personal Retirement Savings AccountsGuide to Living over the Shop SchemeMaking a Qualifying Disclosure of an Offshore Related Tax Default to Revenue

February 2004March 2002October 2003October 2003April 2001March 2002March 2002July 2003November 2003February 2002May 2002March 2002May 1999

September 2000February 2004August 1993July 1998May 2002June 2000October 2002August 2002August 2002July 2002March 1996September 2001October 2002February 1996April 2002November 2001May 2002February 2000March 2002March 2002June 2003June 2003March 2001July 2002April 2000September 1999July 2003February 2004April 2002June 2002April 1998April 1998

October 1998December 2001January 1999January 1999August 1999March 2002October 2000August 2001October 2001May 2002September 1998September 2002March 1994July 2000July 2003October 2003March 2003January 2003

18

REVENUE INFORMATION LEAFLETS & GUIDES

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Capital Gains Tax

CGTCGTCGT

123

Guide to Capital Gains TaxCapital Gains Tax, Revised due dates for 2003 and following yearsRoll-over Relief for Individuals on disposal of certain Shares

September 2003August 2003Nov 1996 - Re-issued2003

Artists Exemption

Artists Exemption - Information Booklet March 1999

Capital Taxes

CATCATCATCATCATCATCATCATCAT

IT

12345678

1039

Gift TaxInheritance TaxProbate TaxCapital Acquisitions Tax Business ReliefAgriculture Relief - 2001 Finance ActCapital Acquisitions Tax Review and Appeal ProceduresCapital Acquisitions Tax Elderly Brother/Sister Residence ReliefCapital Acquisitions Tax Heritage Property ReliefGift/Inheritance Tax Exemption for Dwelling-HouseGift/Inheritance Tax - A Guide to completing the Self Assessment Return ( Form IT 38 )Capital Tax Facts

February 2002February 2002September 2000April 2002February 2002May 1996July 1996August 1996September 2000October 2003April 2002

Charities

CHYCHYCHY

12

10

Applying for Relief from tax on the Income and Property of CharitiesScheme of Tax Relief for Donations to Eligible Charities and Approved BodiesVAT in the case of Charities

May 2003May 2003June 1999

Corporation Tax

ITIT

CGCCD

166114

Third Party Returns (Automatic Return of Certain Information)A Revenue Guide to Professional ServicesCorporation Tax - Changes to due date for Preliminary TaxCompanies Capital DutyPay and File and the 2003 Corporation Tax Return

August 1993October 1998November 2002February 2002July 2003

Games & Sports Bodies

GS 1 Relief from Income Tax and Corporation Tax for certain Sporting BodiesTax Relief for Donations to Certain Sports Bodies

April 2001June 2002

Collector-General

CGCGCGCGCGCGCGCG

5679

10111213

VAT Claims and PaymentsP35 - End of Year ReturnsDirect Debit - PAYE/PRSI & VATDirect Debit - Preliminary Tax - Income TaxRelevant Contracts Tax (RCT)Medical Insurance - Tax Relief at SourceSpecial Savings Incentive AccountMortgage Interest - Tax Relief at SourceEnvironmental Levy on Plastic BagsRetailers Guide to the Environmental Levy on Plastic Bags

May 2000December 2002February 2002February 2002April 1999April 2001April 2001May 2001January 2002February 2002

19


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Customs & Excise

C&EC&EC&EC&E

TCUPNPNPNPNPN

PNPNPN

PNPNPNPNPNPN

PNPNPNPNPNPNPNPNPNPNPN

PN

4567

183567100810951179

118711931774

177517951840184118421843

184418721874187518771877T18781879188018811881A

1882

Duty/Tax Free Allowances for TravellersAppeal Procedures relating to Customs MattersAppeals Procedures relating to Payment of Excise DutyPaperless Declaration (Customs AEP System)Tax Free Purchases for non–EU TouristsGuide to Customs & Excise - Import & ExportBinding Tariff Information (BTI)Temporary Importation of Commercial SamplesImportation for Display or Use at Exhibitions, Fairs, Meetings or similar eventsTemporary Importation of Professional EquipmentImportation of Publicity MaterialRelief from Customs Duty and VAT on Gift Consignments and Consignments ofNegligible Value Imported from outside the EUTransit (including TIR) and StatusEuropean Community Regulations on Customs WarehousesImportation from non-EU countries without payment of Customs Duties of HouseholdEffects to furnish a secondary Residence in the StateTransfer of Business Activities - Relief from Import Charges and Vehicle Registration TaxTemporary Importation of Pleasure Boats and Private AircraftTemporary Importation of Educational and Scientific Equipment for Research or TeachingTemporary Importation of Medical, Surgical and Laboratory EquipmentTemporary Importation of Sound, Image or Data Carrying Media, Publicity MaterialTemporary Importation of Goods for use in production for Export: TemporaryImportation of Replacement Means of ProductionTemporary Importation of certain Goods for possible saleDuty Relief for goods by reason of their end-useA Guide to Customs AuditRelief from import charges when Transferring Residence from outside the EUExcise: Tax Warehouse and Duty SuspensionExcise: Tobacco Products and Tobacco Manufactories. Supplement to Notice 1877Duty-Free? Customs & Excise Information for TravellersUnaccompanied import of excisable products from EU Member States for Personal UseImport of excisable products from EU Member States for commercial purposesChanges to Certain Licensing Provisions - Intoxicating Liquor Act, 2000Repayment of Mineral Oil Tax on Fuel used in Touring CoachesInformation and Application Form for Binding Origin InformationInformation on Claiming Preferential Rates of Duty for both Imports and ExportsInformation on Tariff Quotas and Frequently Asked QuestionsGeneralised System of Preferences Information for ImportersSimplified Procedures for the issue of Origin DocumentationSupplier’s Declarations: Information for TradersOrdering Goods over the Internet or from Mail Order CataloguesInward Processing - Guidelines for TradersOutward Processing - Guidelines for TradersProcessing under Customs Control - Guidelines for TradersAEP - A Guide to Methods of Payment for VRT TradersAEP Deferred Payment Information BookletCustoms & Excise AEP Trader GuideCustoms & Excise Tariff of IrelandSchedule of Customs Duties

September 1996January 1996September 2001May 1996June 2001June 2001January 1996September 2002February 1998September 2002August 2002

September 2001July 2001March 2000

January 1993January 1993May 2002September 2002June 1996September 2002

September 2002June 1996March 2002May 1997January 1998November 1998July 2001June 2000June 2000June 2000August 2000October 2002

March 2002November 2002July 2001July 2001July 2001July 2000July 2000

January 2003

Dividend Withholding Tax

DWT INFO 1 Dividend Withholding Tax - Information LeafletRefunds of Dividend Withholding TaxDividend Withholding Tax - A guide to the Submission of Returns in Electronic FormQualifying Intermediary Annual Return of Dividend Withholding Tax Information - a guideto the submission of Q.I Returns

August 2001July 2001May 1999

May 2001

Residential Property Tax

RPRPRP

245

Notes on Residential Property TaxResidential Property Tax - Review and Appeals ProceduresResidential Property Tax Certificate of Clearance

August 1996November 1996August 1996

20


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Stamp Duty

SDSDSDSDSD

CCD

1238101

Stamp DutyStamp Duty Relief on Transfers of Land to Young Trained FarmersStamp Duty - Review and Appeal ProceduresNew Stamping SystemStamp Duty - Revenue Certificates Required in DeedsCompanies Capital DutyCapital Tax Facts

2002August 2000November 1998

May 2003February 2002April 2002

VAT

GuideGuideGuide

Guide to Value-Added TaxVAT on Property Finance Act 1997 Changes - A Revenue GuideVAT and Financial ServicesValue Added Tax: Guide to Apportionment of Input TaxVAT treatment of certain matters arising after the Transfer of a BusinessVAT and Financial ServicesVAT - FootwearVAT - Plant and MachineryEuropean Court of Justice (ECJ) Judgements in relation to the VAT Treatmentof Promotional SchemesValue Added Tax Guide to the 1997 VAT on Property changesVAT and Property TransactionsVAT Retail Export Scheme - Tax Free Purchases for non-EU TouristsVAT Treatment of Vehicles registered by distributors or dealers prior to sale

January 2003August 1997June 1999October 2001

August 1990

October 1998

January 1999

October 2001April 1998May 2003

Vehicle Registration Tax

VRTVRTVRTVRTVRTVRTVRT

Public NoticePublic NoticePublic Notice

1234567177518371851C

Vehicle Registration Tax - General InformationTemporary Exemptions (Foreign Registered Vehicles)Tax Relief on Transfer of ResidenceTax Relief on Transfer of Residence (Duty Free Cars)How to reserve a Registration NumberAppeal Procedures relating to Vehicle Registration TaxVehicles for People with Disabilities - Tax Relief SchemeTax Relief on Transfer of Business ActivityTax Relief on a vehicle acquired on InheritanceTax Relief for Organisations representing the DisabledFormat of Vehicle Registration PlatesZZ System of Temporary Registration in IrelandVehicle Registration Tax Trader Guide

January 2003June 2003February 2002February 2002September 2000February 2004March 2002January 1993January 1993December 1994March 1998February 2002February 1998

Professional Services Withholding Tax (PSWT)

ITIT

1961

Professional Services Withholding Tax (PSWT)A Revenue Guide to Professional Services Withholding Tax (PSWT) forAccountable Persons and Specified Persons

June 2000

October 1998

Other Leaflets/Guides

REVRESRESCS

CSCS

HET

1121

23

1

What to do about tax when someone diesGoing to Work Abroad? - A guide to Irish Income TaxComing to Live in Ireland: - A Guide to Irish Income TaxCode of Practice - For the delivery of service to the customers of the RevenueCommissionersCustomer Service - Comment CardHow to complain to RevenueCustomer Service StandardsRelief for Donations of Heritage ItemsE-Commerce and the Irish Tax SystemTax Treatment of Stocklending/Sale and Repurchase (repo) TransactionsEnvironmental Levy on Plastic BagsRetailers Guide to the Environmental Levy on Plastic BagsA Guide to the new Approved Share Options Schemes introduced by S. 15 FA2001

May 1997January 2002January 2002

May 1997May 1997January 1998December 2003January 1998June 1999April 2000January 2002

February 2002

21


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Title Date Number

1985VAT - Racehorse Trainers 1985 Information Leaflet

1987VAT - Footwear & Clothing September 1987 Information Leaflet

1988VAT - SolicitorsIncentive to Bring Tax Affairs up to DateDocuments to be Enclosed with Returns of IncomeSelf Assessment - Commencements and CessationsIncome Tax Self Assessment - Tax CreditsSelf Assessment - Due Date for making 1988/89 Tax Returns

April 1988September 1988September 1988September 1988October 1988December 1988

Information LeafletSP/01/88SP/02/88SP/03/88SP/04/88SP/05/88

1989Income Tax Self Assessment - ReviewsIncome Tax Self Assessment - Tax Credits 1989/90

May 1989May 1989

SP/06/89SP/07/89

1990Capital Acquisitions Tax - Postponement of Tax and Registration of ChargeCapital Acquisition Tax - Computation of Tax-Aggregation and IndexationCapital Acquisitions Tax - Section 60 PoliciesTaxation of Farmers and Landowners New Forest Premium SchemeCalculation of Limits for Retirement Annuity Relief and Annual Payments to“Descendants”Withholding Tax - Interim RefundsDeductible Tax (Input Credit)Live HorsesTransition from Export Sales Relief or Shannon Exemption to Manufacturing ReliefCompany’s Self Assessment Return of Directors’ DetailsManufacturing ReliefLevy on Investments in Collective Investment UndertakingsStamp Duty on Purchase of New Residential PropertiesAgreements as to Payments of Stamp Duty on Instruments (composition agreements)Stamp Duty - Revised Stamping Procedures

May 1990October 1990October 1990July 1990

October 1990December 1990August 1990December 1990March 1990May 1990September 1990July 1990August 1990September 1990November 1990

CAT/01/90CAT/02/90CAT/03/90IT/01/90

IT/02/90IT/03/90VAT/02/90VAT/03/90CT/01/90CT/02/90CT/03/90SD/01/90SD/02/90SD/03/90SD/04/90

1991Automated Entry Processing for Imports/ExportsVeterinary ServicesRemoval/Relocation Expenses

Self-Assessment - Income Tax Payment of Preliminary Tax and Filing of Returns forCommencing Sources under Current Year Basis of AssessmentCapital Acquisitions TaxCapital Acquisitions Tax - Section 60 Policies & Section 119 PoliciesFinance Act 1991 - Collection/Enforcement of Stamp DutyTax Treatment of Payments under Swap Agreements

May 1991December 1991June 1991April 1998

September 1991February 1991June 1991August 1991September 1991

VAT/02/91VAT/03/91IT/01/91TB Issue 31 page 9

IT/02/91CAT/01/91CAT/02/91SD/01/91CT/01/91

1992Capital Acquisitions TaxAmnesty for Stamp DutiesUse of Registered Post in Stamp DutyStamp Duty on Mortgages and Further AdvancesAdvertising ServicesSports FacilitiesAgricultural ServicesVAT on DancesApplication of Zero Rate to Sales and Deliveries of Goods to other EC states after1/1/93Electronic Invoicing (E.D.I.)Rates of VAT on food and drink from 1/11/92Non Taxable Entities Acquiring Goods from other EC Member StatesVAT Treatment of Goods between EC Countries after 1/1/93Addendum to (VAT/12/92) Intra-Community Goods Transport and Ancillary ServicesRecent DevelopmentsAmendments to Addendum (VAT/12/92)Intra-Community Goods Transport andAncillary ServiceExempt Persons acquiring Goods from other EC Member StatesDistance Sales in Single MarketPostponed Accounting and Intra-Community AcquisitionsMoney Received Basis of AccountingThird Party Returns Return of Certain InformationPreparation of Accounts for Revenue Purposes

January 1992January 1992March 1992June 1992June 1992July 1992July 1992July 1992

October 1992October 1992October 1992October 1992October 1992

April 1993

June 1996November 1992November 1992November 1992November 1992October 1992October 1992

CAT/01/92SD/01/92SD/02/92SD/03/92VAT/03/92VAT/04/92VAT/05/92VAT/06/92

VAT/08/92VAT/09/92VAT/10/92VAT/11/92VAT/12/92

VAT/12/92

VAT/12/92VAT/13/92VAT/14/92VAT/15/92VAT/16/92IT/01/92IT/02/92

22

STATEMENTS OF PRACTICE

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Title Date Number

1993Surcharge and other Penalties or Restrictions for Late Submission of Tax ReturnsFinance Act 1992 and DirectorsCapital Acquisitions TaxZero-Rating of Goods and Services in accordance with Section 13A of the VAT ActFlat-Rate Farmers and the Single MarketPayment of VAT on Alcohol Products at time of payment of Excise DutyGuidelines for Practitioners on making enquiries to Revenue Offices

January 1993January 1993January 1993January 1993July 1993July 1993October 1993

GEN/01/93IT/01/93CAT/01/93VAT/01/93VAT/02/93VAT/03/93Information LeafletTB Issue 12

1994Capital Acquisitions TaxStamp Duty on Instruments used in the Insurance IndustryRepayments to Unregistered PersonsVAT and Gifts4th Schedule ServicesVAT Treatment of Second Hand Goods (The Margin Scheme)

January 1994

July 1995July 1995

December 1994

CAT/01/94SD/01/94VAT/02/94VAT/03/94VAT/05/94Information Leaflet

1995Capital Acquisitions TaxProfessional Services Withholding TaxGolf and other Sporting ActivitiesVAT treatment of Second-Hand Vehicles

January 1995September 1995December 1995October 1995

CAT/01/95IT/01/95VAT/01/95Information Leaflet

1996Capital Acquisitions TaxExempt New Houses

January 1996June 1996

CAT/01/96SD/01/96

1997Repayment of Vehicle Registration Tax in respect of vehicles acquired for leasing orhiring or providing instruction in the driving of vehiclesCapital Acquisitions TaxHorticultural Retailers

November 1997January 1997August 1997

VRT 1/97CAT/01/97VAT/01/97

1998Capital Acquisitions TaxRepayment of Vehicle Registration Tax in respect of motor vehicles used solely forhiring to others under short-term self-drive contracts

Tax-Free Purchases for non-EU TouristsValue-Added Tax and FootwearValue-Added Tax Printing and Printed Matter

VAT on Property Claims for repayment of VAT arising out of the Supreme Courtjudgement in the case of Erin Executor and Trustee Company Limited, for the periodsprior to 27 March 1998VAT treatment of post-letting expenses incurred on or after 27 March 1998VAT - Plant & MachineryVAT treatment of Auctioneers, and Auction and Agency salesEuropean Court of Justice (ECJ) Judgements in relation to the VAT Treatment ofPromotional SchemesVAT on Telecommunications ServicesChangeover to the Euro - Stamp Duties, Capital Acquisitions Tax, Residential PropertyTaxChangeover to the Euro - Composition Duties and Levies

February 1998

April 1998(Revised Feb2003)April 1998April 1998April 1998March 1999

May 1998August 1998October 1998November 1998

January 1998November 1998

December 1998December 1998

CAT/01/98

VRT 1/98

Information LeafletInformation Leaflet 1Information Leaflet 2Tax Briefing 35 page 32

Information Leaflet 3Information Leaflet 4Information LeafletInformation Leaflet 5/98

Information Leaflet 6Information Leaflet 7

Information LeafletInformation Leaflet

1999Capital Acquisitions TaxPreliminary Tax - Income Tax Payment by Direct DebitCREST Information LeafletVAT - VAT treatment of Foreign Firms doing business in IrelandRevenue Powers (Finance Act 1999)Revenue Internal Review Procedures - Audit and Use of PowersAbolition of Duty Free SalesVRT - Repayment of VRT in respect of Motor Vehicles used for DemonstrationPurposesVAT - Abolition of Duty-Free Sales to Travellers on Intra Community JourneysVAT - Treatment of Building & Associated ServicesVAT - Treatment of International Leasing of Means of Transport

February 1999March 1999May 1999May 1999May 1999May 1999June 1999

June 1999June 1999July 1999July 1999

CAT/01/99CG/1/99Information LeafletInformation Leaflet 1/99SP - GEN/1/99SP - GEN/2/99VAT/1/99

SP - VRT/1/99SP - VAT/1/99Information Leaflet 2/99Information Leaflet 3/99

23


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Title Date Number

2001“Underlying Tax” on Funds Deposited in Bogus Non-Resident AccountsExplanatory Notes on the Operation of the Statement of PracticeIntra-Community Acquisitions and Postponed AccountingVAT - Distance Sales in the Single MarketVAT - 4th Schedule ServicesVAT - Printing and Printed MatterVAT - Non Taxable Entities Acquiring Goods from other EU Member StatesVAT - Farmers and Intra-Eu TransactionsVAT - Exempt Persons acquiring Goods from other EU Member StatesVAT and GiftsVAT - Treatment of Goods Transport and Ancillary Services between EU CountriesVAT - Repayments To Unregistered PersonsVAT on Food and DrinkVAT on DancesZero-Rating of Goods and Services in accordance with Section 13A of the VAT ActVAT - Moneys Received Basis of AccountingVAT - Agricultural ServicesVAT - Horticultural RetailersVAT - Intra-Community SuppliesVAT and Footwear

May 2001May 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001November 2001

ISP - GEN /1/01Explanatory NotesInformation Leaflet 7/01Information Leaflet 8/01Information Leaflet 9/01Information Leaflet 10/01Information Leaflet 11/01Information Leaflet 12/01Information Leaflet 13/01Information Leaflet 14/01Information Leaflet 16/01Information Leaflet 18/01Information Leaflet 19/01Information Leaflet 20/01Information Leaflet 21/01Information Leaflet 22/01Information Leaflet 23/01Information Leaflet 24/01Information Leaflet 26/01Information Leaflet 31/01

2002Tax Treatment of Political DonationsVAT - Transfer of a Business or Part ThereofVAT - A Letter of Expression of DoubtVAT - Treatment of Cultural, Artistic and Entertainment Services Supplied byNon-Established Persons

April 2002August 2002September 2002

September 2002

SP - CAT/1/02Information Leaflet 1/02Information Leaflet 3/02

Information Leaflet 2/02

2003Repayment of Vehicle Registration Tax in respect of motor vehicles used solely forhiring to others under short-term self-drive contracts

VAT - Electronically Supplied Services and Radio and Television Broadcasting Services

April 1998(As RevisedFeb 2003)June 2003

SP - VRT 1/98

Information Leaflet 2/03

2004Capital Acquisitions Tax - Section 60 Policies and Section 119 Policies

April 2004 SP - CAT/1/04

24


CONVERSION RATES Foreign Currencies

Average Market Mid-Closing Exchange Rates v.Euro as Supplied by the Central Bank

2002 2003

U S dollarSterlingDanish kroneJapanese yenSwiss francSwedish kronaNorwegian kroneCanadian dollarAustralian dollar

0.9460.6297.43118.101.4679.167.511.4841.738

1.13120.69197.4307130.971.52129.12428.00331.58171.7379

Lloyds Conversion RatesFor members of Lloyds resident in the Republic ofIreland, in respect of accounts closed in the calendar year1998 and later, the conversion of sterling to IR£/£ shouldbe calculated by reference to the sterling mid closingexchange rate as supplied by the Central Bank.

1998 Stg £1 = IR £1.1164

1999 Stg £1 = IR £1.2668

2000 Stg £1 = IR £1.2619

2001 Stg £1 = IR £1.2942

2002 Stg £1 = £1.5372

2003 Stg £1 = £1.4188

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25

Ireland has 42 Double Taxation Treaties currently in force. It also has one Air Transport Double Taxation Agreement.The list of the treaties and their commencement dates is as follows:

COUNTRYDATE OFSIGNING

DATE OFRATIFICATION

DATE OF ENTRY INTO EFFECT

Income Tax Corporation Tax Capital Gains Tax S.I. No.

AUSTRALIAAUSTRIAAUSTRIAN PROT.BELGIUMBULGARIACANADACANADA (re-net)CHINACROATIACYPRUSCZECH REPUBLICDENMARKESTONIAFINLANDFRANCEGERMANYGREECEHUNGARYICELANDINDIAISRAELITALYJAPANKOREA (REP. OF)LATVIALITHUANIALUXEMBOURGMALAYSIAMEXICONETHERLANDSNEW ZEALANDNORWAY (1969)NORWAY (2000)PAKISTANPOLANDPORTUGALROMANIARUSSIASLOVAK REP.SLOVENIASOUTH AFRICASPAINSWEDENSWEDISH PROT.SWITZERLANDSWISS PROT.UNITED KINGDOMUK PROTOCOLUK PROTOCOLUNITED STATESUS PROTOCOLZAMBIA

31 May 198324 May 196619 Jun 198724 Jun 1970

05 Oct 200023 Nov 1966

8 Oct 200319 April 200021 June 200224 Sep 1968

14 Nov 199526 Mar 199316 Dec 199727 Mar 199221 Mar 196817 Oct 196224 Nov 200325 Apr 199517 Dec 20036 Nov 2000

20 Nov 199511 Jun 197118 Jan 197418 Jul 1990

13 Nov 199718 Nov 1997

14 Jan 197228 Nov 199822 Oct 199811 Feb 196919 Sep 198621 Oct 196922 Nov 200013 Apr 197313 Nov 1995

01 Jun 199321 Oct 199929 Apr 19948 June 1999

12 Mar 200207 Oct 199710 Feb 199408 Oct 1986

01 Jul 199308 Nov 196624 Oct 198002 Jun 1976

07 Nov 199404 Nov 1998

28 Jul 199724 Sept 199929 Mar 1971

21 Dec 198305 Jan 1968

09 Dec 198831 Dec 197305 Jan 2001

06 Dec 1967Not yet in force

28 Dec 200029 Oct 200304 Dec 197021 Apr 199608 Oct 199323 Dec 199826 Nov 1993

15 Jun 197102 Apr 1964

Not yet in force05 Dec 1996

Not yet in force26 Dec 200124 Dec 199514 Feb 197504 Nov 197427 Nov 1991

28 Jan 199809 Feb 199825 Feb 197511 Sep 199931 Dec 199812 May 197026 Sep 198821 Aug 197027 Nov 200120 Dec 197422 Dec 1995

11 Jul 199429 Dec 2000

07 Jul 199530 Dec 199911 Dec 200205 Dec 199721 Nov 199405 Apr 198821 Dec 199316 Feb 196825 Apr 198423 Dec 197621 Sep 199523 Dec 199817 Dec 1997

13 Jul 200031 Jul 1973

06 Apr 198406 Apr 196406 Apr 197606 Apr 197301 Jan 2003

06 Apr 1968

06 Apr 200101 Jan 2004

06 Apr 196206 Apr 199706 Apr 199406 Apr 199906 Apr 199006 Apr 196606 Apr 1959

-06 Apr 1997

01 Jan 200206 Apr 199606 Apr 196706 Apr 197406 Apr 199206 Apr 199906 Apr 199906 Apr 196806 Apr 200006 Apr 199906 Apr 196506 Apr 198906 Apr 196701 Jan 2002

06 Apr 196806 Apr 199606 Apr 199506 Apr 200106 Apr 199606 Apr 200001 Jan 2003

06 Apr 199806 Apr 199506 Apr 198820 Jan 1994

06 Apr 196506 Apr 197606 Apr 197606 Apr 199406 Apr 199906 Apr 1998

01 Sept 200006 Apr 1967

01 Jan 1984* 01 Apr 1964

01 Jan 1974* 01 Apr 1973

01 Jan 2002* 01 Jan 1968

01 Jan 200101 Jan 2004

* 01 Apr 196201 Jan 199701 Jan 199401 Jan 199901 Jan 1990

* 01 Apr 1966* 01 Apr 1959

-01 Jan 1997

01 Jan 200201 Jan 1996

* 01 Apr 1967*01 April 1974

01 Jan 199201 Jan 199901 Jan 1999

* 01 Apr 196801 Jan 200001 Jan 1999

* 01 Apr 196501 Jan 1989

* 01 Apr 196701 Jan 2002

* 01 Apr 196801 Jan 199601 Jan 199501 Jan 200101 Jan 199601 Jan 200001 Jan 200301 Jan 199801 Jan 199501 Jan 198920 Jan 1994

* 01 Apr 196501 Jan 197401 Jan 1974

01 Apr 199401 Jan 199901 Jan 19981 Sept 2000

* 01 Apr 1967

06 Apr 1984

06 Apr 1974

01 Jan 2003

06 Apr 200101 Jan 2004

06 Apr 199706 Apr 199406 Apr 199906 Apr 1990

-06 Apr 1997

01 Jan 200206 Apr 1996

06 Apr 199206 Apr 199906 Apr 1999

06 Apr 200006 Apr 1999

06 Apr 1989

01 Jan 2002

06 Apr 199606 Apr 199506 Apr 200106 Apr 199606 Apr 200001 Jan 2003

06 Apr 199806 Apr 199506 Apr 198820 Jan 1994

06 Apr 197406 Apr 1976

06 Apr 199906 Apr 1998

01 Sept 2000

406 of 1983250 of 1967

29 of 198866 of 1973

372 of 2000212 of 1967

373 of 2000574 of 2002

79 of 1970321 of 1995286 of 1993496 of 1998289 of 1993162 of 1970212 of 1962

301 of 1995

521 of 2001323 of 1995

64 of 1973259 of 1974290 of 1991504 of 1997503 of 1997

65 of 1973495 of 1998497 of 1998

22 of 197030 of 198880 of 1970

520 of 2001260 of 1974322 of 1995102 of 1994427 of 1999428 of 1994426 of 1999573 of 2002478 of 1997308 of 1994348 of 1987398 of 1993240 of 1967

76 of 1984319 of 1976209 of 1995494 of 1998477 of 1997425 of 1999130 of 1973

*Corporation Profits Tax

USSR 17 Dec 1986 23 Dec 1987 Air Transport Double Taxation Agreement 349 of 1987

DOUBLE TAXATION TREATIES ENTERED INTO BY IRELAND

Update on double taxation treaty negotiationsTreaties signed and awaiting ratification.New treaties with Greece and Iceland were signed on24 November 2003 and on 17 December 2003,respectively. Also, a treaty replacing the existing treatywith Canada was signed on 8 October 2003. Subject tothe necessary parliamentary procedures being completedin 2004, it is expected these treaties will enter into force in2005.

Treaties under negotiation but not signed.New treaties with Argentina, Chile, Egypt, Malta,Singapore, Turkey and Ukraine are being negotiated.Negotiations will also commence with Tunisia later thismonth. Existing treaties with Cyprus and France are inthe process of re-negotiation.

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26

TABLE OF SOURCE COUNTRY TAX RATES IN IRISH DOUBLE TAXATION TREATIES FOR DIVIDENDS, INTEREST AND ROYALTIES

Country Year

MAXIMUM SOURCE COUNTRY TAX RATES (% of gross payment)(for split rates, please consult the relevant article in the treaty)

Dividends Interest Royalties

AustraliaAustriaBelgiumBulgariaCanadaCanada (New)ChinaCroatiaCyprusCzech Rep.DenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIndiaIsraelItalyJapanKorea (Rep.)LatviaLithuaniaLuxembourgMalaysiaMexicoNetherlandsNew ZealandNorwayPakistanPolandPortugalRomaniaRussiaSlovak Rep.SloveniaSpainSouth AfricaSwedenSwitzerlandUKUnited StatesZambia

19841964197320021958

Not in force200120041952199719941999199019661959

Not in force1997

Not in force200219961967197419921999199919682000199919651989200219681996199520011996200020031995199819881965197619981967

1510155/100 /155/155/105/1005/150/155/150/1510/15155/155/155/1510101510/1510/155/155/155/15105/100/15150/5/1510/no limit0/15153100/105/150/1505/1510/150/155/150

100150/5150/100/1000000/100005000/105/10101000/100/1000/100/5/100100No Limit0/100/150/3000/50000000

100/1001000/106/10100/51005/10000500/10101001005/105/1008100100010100/300/1055/8 /10000000

IRISH TAX TREATIES

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27

YearExpenditure

Incurred

Multipliers for Disposals in Year Ended

5 April1996

5 April1997

5 April1998

5 April1999

5 April2000

5 April2001

Short Y/e

31 Dec2001

31 Dec2002

31 Dec2003

31 Dec2004 et

seq/

1974/75

1975/76

1976/77

1977/78

5.899

4.764

4.104

3.518

6.017

4.860

4.187

3.589

6.112

4.936

4.253

3.646

6.215

5.020

4.325

3.707

6.313

5.099

4.393

3.766

6.582

5,316

4.580

3.926

6.930

5.597

4.822

4.133

7.180

5.799

4.996

4.283

7.528

6.080

5.238

4.490

7.528

6.080

5.238

4.490

1978/79

1979/80

1980/81

1981/82

3.250

2.933

2.539

2.099

3.316

2.992

2.590

2.141

3.368

3.039

2.631

2.174

3.425

3.090

2.675

2.211

3.479

3.139

2.718

2.246

3.627

3.272

2.833

2.342

3.819

3.445

2.983

2.465

3.956

3.570

3.091

2.554

4.148

3.742

3.240

2.678

4.148

3.742

3.240

2.678

1982/83

1983/84

1984/85

1985/86

1.765

1.570

1.425

1.342

1.801

1.601

1.454

1.369

1.829

1.627

1.477

1.390

1.860

1.654

1.502

1.414

1.890

1.680

1.525

1.436

1.970

1.752

1,590

1.497

2.074

1.844

1.674

1.577

2.149

1.911

1.735

1.633

2.253

2.003

1.819

1.713

2.253

2.003

1.819

1.713

1986/87

1987/88

1988/89

1989/90

1.283

1.241

1.217

1.178

1.309

1.266

1.242

1.202

1.330

1.285

1.261

1.221

1.352

1.307

1.282

1.241

1.373

1.328

1.303

1.261

1.432

1.384

1.358

1.314

1.507

1.457

1.430

1.384

1.562

1.510

1.481

1.434

1.637

1.583

1.553

1.503

1.637

1.583

1.553

1.503

1990/91

1991/92

1992/93

1993/94

1.130

1.102

1.063

1.043

1.153

1.124

1.084

1.064

1.171

1.142

1.101

1.081

1.191

1.161

1.120

1.099

1.210

1.179

1.138

1.117

1.261

1.229