Tax Treatment of Proposed Vodafone Return of Value to Shareholders
Revenue have issued some guidance on the recent Vodafone ‘Return of Value’ transaction which will impact a significant amount of people due to the purchase of shares in Eircom previously.
Return of Value to Vodafone Group plc (“Vodafone”) Shareholders & related share consolidation by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006.
This guide relates solely to the potential tax position on the proposed realisation by Vodafone shareholders (who acquired their shares in exchange for Eircom shares in 2001) of a Return of Value in accordance with the Vodafone Document dated 10 December 2013.
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Personal Insolvency case: mortage Debt Before Courts
One of the worst scenarios when it comes to handling your accounts, is the possibility of insolvency and the effect this could have on personal assets.
This article from The Irish Times focuses on the first personal insolvency case involving mortgage debt before the courts.
The first protective certificate for a personal insolvency case involving mortgage debt has been issued by the courts..
It emerged today that the case involved a family with over €600,000 in secured and unsecured borrowings who live in the Leinster area. The borrowers have unsecured debt, a mortgage and a buy-to-let property.
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Key tax deadlines: 2014
If you struggle to remeber your key accountancy deadlines like VAT and corporations, then the following key tax deadlines calendar for the period January 2014 to December 2014 should help:
January
LPT: Commencement of phased payments
14 PAYE/PRSI/USC/LPT
P30 monthly return and payment for December 2013
P30 quarterly return and payment for October – December 2013
14 DWT: Return and payment of DWT for December 2013
14 PSWT: F30 monthly return and payment for December 2013
15 LPT: Commencement of direct debit payments
19 VAT: Monthly VAT 3 return and payment (if due) for the period December together with a Return of Trading Details where the accounting period ends in December
19 VAT: Bi-Monthly VAT 3 return and payment (if due) for period November – December 2013 together with the Return of Trading Details where the accounting period ends between the 1st November and the 31st December
19 VAT: Bi-Annual VAT 3 return and payment (if due) for period July – December 2013 together with the Return of Trading Details where the accounting period ends between the 1st July and the 31st December
19 VAT: 4 Monthly VAT 3 return and payment (if due) for period September – December 2013 together with the Return of Trading Details where the accounting period ends between the 1st September and the 31st December
19 VAT: Annual VAT 3 return and payment (if due) for the period January – December together with a Return of Trading Details where the accounting period ends in December
1-21 Corporation Tax: PT for APs ending between 1-28 February 2014
1-21 Corporation Tax: Returns for APs ending between 1-30 April 2013
1-21 Corporation Tax: Pay Balance due on APs ending between 1-30 April 2013
23 RCT: RCT monthly return and payment for December 2013
23 RCT: RCT quarterly return and payment (if due) for period October – December 2013
1-31 Corporation Tax: Returns of Third Party Information for APs ending between 1-30 April 2013
31 Capital Gains Tax: Payment due on gains arising between 1 December 2013 to 31 December 2013 inclusive
February
14 PAYE/PRSI/USC/LPT: P30 monthly return and payment for January 2014
14 DWT: Return and payment of DWT for January 2014
14 PSWT: F30 monthly return and payment for January 2014
15 PSWT: F35 annual return for year ended 31 December 2013
15 PAYE/PRSI/USC/LPT: Make available P60 2013, to each employee
15 PAYE/PRSI/USC/LPT: Due date submission of Form P35 for year ended 31 December 2013
19 VAT: Monthly VAT 3 return and payment (if due) for the period January together with a Return of Trading Details where the accounting period ends in January
19 VAT: Annual VAT 3 return and payment (if due) for the period February – January together with a Return of Trading Details where the accounting period ends in January
1-21 Corporation Tax: PT for APs ending between 1-31 March 2014
1-21 Corporation Tax: Returns for APs ending between 1-31 May 2013
1-21 Corporation Tax: Pay Balance due on APs ending between 1-31 May 2013
23 RCT: RCT monthly return and payment (if due) for January 2014
1-28 Corporation Tax: Returns of Third Party Information for APs ending between 1-31 May 2013
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