Business Name Certs Go Digital Next Week

July 26, 2016

The Companies Registration Office (CRO), which registers Business Names for sole traders, partnerships and companies, announced today that Business Names Certificates are going digital from next Tuesday, August 2.

The CRO will no longer issue paper certificates by post once they register a new business name. Instead, they will email it to the applicant as a PDF document.

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The present format of the Business Name Certificate will not change but each PDF certificate will include a colour banner at the top of the screen to confirm that it is an authentic digitally signed document.

This can then be circulated to third parties by email.

It is still possible to register a business name using a paper form, or online.


New Revenue Guide to eTax Clearance System

July 22, 2016

Last December, the Revenue Commissioners unveiled their new eTax Clearance system.

This new system enables (almost) all tax clearance applications to be processed online. For most of us, paper tax clearance certificates are now a thing of the past.

Instead a special code, known as a Tax Clearance Access Number, now issues to each successful applicant. They can then give this number, along with their PPSN/tax reference number, to a third party to verify their tax clearance status online.Tax Clearance SuccessIt’s important to note that your tax clearance certificate can be withdrawn without notice unless you remain tax-compliant and when you again become compliant, you’ll need to make a fresh application.

Revenue have now updated their FAQs (frequently asked questions) on how the new system works.

If you’re a PAYE taxpayer, you should use the myAccount service to apply for tax clearance.

If you’re self-employed or run a company, you can use ROS.

You’ll first need to register for myAccount or ROS.

If you’ve no computer or web access, you can still apply by completing a paper form TC1 and posting this to your local tax office or the Collector General’s office in Limerick.   You can also use this paper form if you’re a non-resident or representing an unregistered voluntary body.


Protect Yourself Against Tax Payment Fraud

July 15, 2016

I’ve only recently become aware of the Irish Tax Rebates service and know practically nothing about them, but they seem to be a highly reputable and professional company.

Still, I’m rather disturbed by their Facebook advert which shows a young lady holding a company cheque she received from them for her tax refund.

Irish Tax RebatesLady

You should never, EVER, allow the Revenue Commissioners to pay your tax refund to a middleman.

This is a basic protection against tax payment fraud and applies regardless of whether the middleman is a tax refund agency, another service provider, or even your trusted  accountant.

It’s far safer to have the taxman pay you, and for you to pay your accountant or agent fees separately.

Also, if you owe a tax bill to Revenue, you should always make your payment directly to Revenue. You should never, ever make a tax payment to an accountant, lawyer or other middleman.

It’s fine to give them a (preferably crossed) cheque made payable to the Revenue Commissioners or Collector General, but not one made out in their name.

Because if you do, and if they fail to pay it over to Revenue, all hell will break loose, and you could end up seriously out of pocket.

In the past, so many people have been badly ripped off by ignoring this basic rule.

Don’t risk becoming another victim of tax payment fraud.