Why a professional Information Security standard Certification is important? Ask DataTracks

12 Nov, 2020  Posted By admin   Posted in Security

The regulatory arm of any business has always been the underdog. The integral role it plays in the smooth running of an organization, rarely leaps out of the book. However, it has enormous potential to help businesses build a culture … Continue reading


Superstition around iXBRL tagging outsourcing

14 Sep, 2020  Posted By admin   Posted in iXBRL, iXBRL Tagging

Accuracy and timeliness in data acquisition are increasingly treated as essential factors in governance and taxation. In the UK, especially, the need for digital transformation has extended to reporting and has translated to the mandate of using standards such as … Continue reading


Non-resident firm’s Obligation in Ireland

04 Sep, 2020  Posted By Priyadarshini   Posted in Ireland, Revenue

  The Tax and Duty Manual Part 38-02-08 has been revised recently through a brief on 9th July 2020 to add more details on the obligation of non-resident firms to submit specific points required. A copy of the related law, … Continue reading


Are you a micro company in the Ireland?

21 Aug, 2020  Posted By Priyadarshini   Posted in Revenue
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  The Companies (Accounting) Act 2017 (CA 2017) introduced in the Republic of Ireland made a series of amendments to the accounting and filing requirements of Companies Act 2014 (CA 2014). This move is to give effect to the provisions … Continue reading


Temporary VAT measures relating to Covid-19

14 Aug, 2020  Posted By Priyadarshini   Posted in Ireland
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  Revenue has been trying its best to implement as many measures as possible in order to help the people of Ireland tide over the Covid-19 crisis smoothly. With important measures being put in place to help the economy, a … Continue reading


Revenue Ireland: Charities compensation scheme

07 Aug, 2020  Posted By Priyadarshini   Posted in Revenue
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In a bid to reduce the burden on charities, the Charities VAT Compensation Scheme has been introduced to partly reimburse the VAT paid by charities in their daily operations. Usually, the last date for charities to apply for this compensation … Continue reading


How to submit your iXBRL documents for ROS

24 Jul, 2020  Posted By Priyadarshini   Posted in iXBRL

  Companies or their authorised dealers are permitted to file Financial statements in iXBRL using screens provided by Revenue Online Services (ROS). These are available throughout and can be used while submitting the CT1 through My Services or Agent Services. … Continue reading


Inactive companies in Ireland: Tax filing

17 Jul, 2020  Posted By Priyadarshini   Posted in Revenue
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  Inactive companies Under existing laws, firms incorporated in Ireland are responsible to draft and finalise their accounts as per the Companies Act 2014(earlier 1963).  All these firms are supposed to present their financial statements to Revenue in iXBRL. Although … Continue reading


Ireland: Companies in Liquidation

19 Jun, 2020  Posted By Priyadarshini   Posted in Revenue
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  The Section 884 of the taxes Consolidation Act,1997 has stretched the meaning of a Corporation Tax return to also cover financial statements. This, added to the prevailing electronic filing of tax returns provides a legal framework for the compulsory … Continue reading


COVID 19 crisis: Your filing challenges are addressed

10 Apr, 2020  Posted By Priyadarshini   Posted in Ireland
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The current crisis that has taken over the globe has had significant economic impact on companies and their seamless functioning. Business owners face pronounced administrative and financial burdens during this time. Compliance and payment of taxes is one such activity … Continue reading


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