Guidelines for Cash Businesses Using Tills
Revenue have issued a new information leaflet for cash businesses using tills. Some key points are
- transactions must clearly show dates cost and VAT
- till rolls or electronic backup must be retained for 6 years
- it must be possible to produce backup information for Revenue auditors
Revenue Warning on Bogus Phone Calls
A caller (reported to have a non-Irish accent) pretending to be a Revenue official has been contacting businesses seeking PPSN numbers or addresses of named taxpayers. Revenue note that they would not make this type of telephone call.If you have doubts about a caller claiming to be from Revenue you should contact your local Revenue Office.
Transfer of assets to spouses to protect against lenders
Many business people under pressure from lenders have tried to protect their assets by transferring them to their spouse. At least two banks have stated that they will pursue legal action to overturn these transactions.
On-line tax registration
It is now possible to register online for the following taxes
- Income tax
- Employers PAYE/PRSI
- E-levy
This is available on the My Services page on ROS page in ROS. http://www.revenue.ie/en/online/ros/index.html
Upcoming seminar
Watch out for details of our upcoming seminar on business tax issues.
