TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Service companies and the close company surcharge

Revenue Tax and Duty Manual Part 13-02-06, which deals with the close company surcharge for service companies under section 441 Taxes Consolidation Act 1997, has been updated to include guidance for companies that provide the services of a medical practitioner. Other updates include statements that: 1. the guidance of a professional body will be an important factor in establishing if a company is a service company, and 2. preliminary or preparatory work can be considered as being an integral element of a professional service.