New VAT rules for carbon credits

Section 133, Finance Act 2010 was commenced by the Minister for Finance on 8 April 2010. Section 133 introduces a reverse charge mechanism for trading in greenhouse gas emission allowances (carbon credits) from the commencement date. Under the reverse charge mechanism the supplier is not liable for the VAT on the supply. The supplier issues…

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Finance Act 2010 signed into law

The President signed the Finance Bill 2010 into law on Saturday 3 April 2010.

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Revenue extends online filing deadline

Irish Revenue has  announced an extension to the return filing and tax payment date for self-assessment customers using the Revenue On-Line Service (ROS). For customers who file the 2009 Form 11 return and make the appropriate payment through ROS for: Preliminary Tax for 2010, Income Tax balance due for 2009, the due date is extended to…

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Sean Fitzpatrick released without charge

Sean Fitzpatrick (chartered accountant and former chairman of Anglo Irish Bank) was released from Garda custody this afternoon without a charge.  A file is being prepared for the DPP. See report in Irish Times http://www.irishtimes.com/newspaper/breaking/2010/0319/breaking1.html

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Former Anglo Irish Bank chairman arrested

Former Anglo Irish Bank chairman Sean Fitzpatrick has been arrested by Gardai investigating financial irregularities at the bank.

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FRC – “ascertaining facts” in Lehman case

The Financial Reporting Council has announced that it has requested further information to ascertain how “Repo 105″ transactions were accounted for in the UK, and how they were audited. The announcement follows the publication of a report into the Lehman collapse. http://www.frc.org.uk/press/pub2240.html

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Stuart Meharg launches re-designed web-site

Stuart Meharg Chartered Accountant has launched a new website.  The new site contains information on the services provided by the firm.  Some content is awaiting finalisation and will be uploaded soon. Feedback on the site is welcomed – negative and positive! www.stuartmeharg.ie

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