Posts Tagged ‘VAT ireland’

Tax Briefs: Agricultural Vat Margin Scheme

Monday, July 26th, 2010

Finance Act 2010 introduced a margin scheme for agricultural machinery. From 1 January 2010 dealers in
second hand agricultural machinery may opt to apply the margin scheme to sales. To that end they would account
for VAT at 21% on the profit margin on each sale. Where the margin scheme is applied the dealer would not be
entitled [...]

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Tax, Facts and Figures

Tuesday, April 7th, 2009

CAPITAL ACQUISITIONS TAX
The rate of capital acquisitions tax is being increased from 22% to 25% in respect of gifts or inheritances taken from midnight on 7 April 2009.
The current tax free thresholds are being reduced by 20% as follows:

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