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Taxation

People and businesses are subject to a wide range of taxes including Income Tax, Corporation Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty, Value Added Tax and RCT. Tax planning with Fingleton Peters & Tyrrell can help reduce the effect of these taxes, whether you’re a business or individual.

Where tax is concerned we recognise the importance of considering the implications of all taxes on your circumstances and not just a particular tax you may want to review.

We also take care that the tax tail is not wagging the dog and your review is undertaken for commercial reasons as well as pure tax savings. Since tax legislation is regularly changing, we also recommend that your plans are regularly appraised.

Our job is not simply to calculate the tax due and tell you what to pay. Our job is to help you plan your business activities so as to maximise the available tax reliefs and discuss with you in advance the tax implications of business decisions.

We’re there to help you:

– Decide what form of business enterprise – should you choose a sole trader, partnership, limited company, company limited by guarantee or limited partnership

– Manage business expansion and maximise the available tax reliefs as your business grows

– Re-structure your business

– Avoid a tax bill when you change the nature of operations

– Sell a business

The main types of
taxes in Ireland

Get in touch

1

Income Tax

Income tax is a tax on the income of individuals and partnerships. The tax rates and bands for income tax depend on the level of income earned.
2

Value Added Tax (VAT)

VAT is a tax on the value added to goods and services at each stage of production and distribution. The standard rate of VAT in Ireland is 23%.
3

Corporation Tax

Corporation tax is a tax on the profits of companies. The current rate of corporation tax in Ireland is 12.5%.
4

Capital Gains Tax (CGT)

CGT is a tax on the profits made from the sale of assets, such as property or shares. The rate of CGT in Ireland is currently 33%.
5

Local Property Tax (LPT)

LPT is a tax on residential properties in Ireland. The tax is based on the market value of the property and is collected by the Revenue Commissioners.
6

Relevant Contracts Tax (RCT)

Relevant Contracts Tax (RCT) is a tax system in Ireland that aims to ensure that tax is deducted at source from payments made to subcontractors working in the construction, forestry, and meat-processing industries.
7

Payroll Taxes

Payroll taxes in Ireland are mandatory contributions deducted from employees' salaries to fund social welfare programs and government initiatives.

Audit & Accountancy

We believe that an audit can and should add value to your business, our approach to the audit process is designed to ensure that it does.

Taxation

People and businesses are subject to a wide range of taxes including Income Tax, Corporation Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty, Value Added Tax and RCT.

Business Advisory

At Fingleton Peters & Tyrrell, our services go beyond the accounts and balances of a business. To us it is just as important that your business is where you want it to be.

VAT & Payroll

New and changing legislation is ensuring that VAT remains a highly technical area with onerous reporting requirements.

Tax Consulting

At our company, we offer tax consulting services to help businesses in Ireland make informed decisions about their tax strategies.

Company Secretarial

All Irish companies are obliged to file an annual return with the CRO.

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Fingleton Peters & Tyrrell
4 Kellyville Park
Portlaoise
Co Laois

057 8622366
057 8622266

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