The Benefits of Incorporation

It is well-established principle of Irish company law that a company is an entirely distinct and separate legal person from its shareholders. Accordingly, it is a company (as a separate legal person) which is liable for its debts and obligations. A benefit for shareholders, who incorporates as a limited liability company, is that the liability […]

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New RCT System

Revenue e-Brief No. 14/12 Principals need to be aware that subcontractors’ rates may change at any time from 1 April 2012 onwards. In-house accounting systems used for RCT purposes will need to have three RCT rates incorporated: 0%, 20% and 35%. Where a subcontractor’s rate has changed, Revenue will advise the subcontractor and all principals […]

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