Established in 2010 under the Central Bank Reform Act, the Central Bank of Ireland is the successor to the Central Bank and the Financial Services Authority of Ireland. At present, it is the authority responsible for financial regulation in Ireland.
Third party agents or internal company lawyers can help firms with applications for the Charitable Status. As a general rule, the particular Irish enterprise has to undergo incorporation as a Company Limited by guarantee before proceeding with the Charitable Status request.
The General Data Protection Regulation (GDPR) accounts for data protection across all European Union territories. The GDPR is complimented by the law enforcement Directive that sets data protection standards in regards to criminal offenses and the res[ective penalties in case of a breach.
The GDPR and the law enforcement Directive have brought about much-needed changes to the legislature surrounding data protection. As a result, more stringent measures have been established to ensure organizations which handle personal data hold more responsibility for their practices.
PAYE taxpayers may find themselves with an overpayment of tax or an underpayment of tax due to various circumstances. It is important to know where you stand in regards to PAYE tax payments in case your tax credits are being calculated incorrectly or there is a discrepancy with your tax payments.
Female entrepreneurship is on a steep increase in Ireland owing to the numerous policies and schemes set in place to support the growing community of ambitious young female entrepreneurs.
Every legal business entity operating in Ireland is obliged to pay VAT, save for a few businesses and individuals who are exempted; fishers, farmers and a few others. VAT is added on to the value of services or products at each stage of production or distribution. It’s rather a clever structure set up by governments to make companies unpaid tax collectors. The upside to VAT is that if your business is VAT registered, you can claim a VAT credit from the Irish Revenue for the tax you paid to other VAT registered entities. Sadly final consumers can only pay VAT but they cannot claim it.
