1 Day training course specifically designed for:
Government Departments and Offices, Local Authorities, Health Service Executive,
Institute of Technology, Colleges, Commercial and non-Commercial
State and Semi State bodies and their subsidiaries
Dublin City Centre - Tuesday 7th March
Who should attend this course?
Anyone who is responsible for the payment of fees for professional services and for the operation of Professional Services Withholding Tax (PSWT); the submission of 3rd Party Returns to Revenue, or anyone who is responsible for making payments to members of State or State sponsored Committees or Boards, will find this course to be of immense value.
What does this course cover?
The course outlines the legislation and the rules relating to the operation of PSWT to include amendments to the list of accountable bodies introduced in the Finance Act 2016. It examines the types of payments which are liable to PSWT and those which are not, and it identifies many "professional services" which are not subject to PSWT. It outlines the rules in relation to Irish and overseas service providers, the forms to be completed and submitted to Revenue, and how arrears and amendments should be dealt with. The course also examines many of the practical difficulties which payers have to deal with, especially those concerning multiple supplies, where only some qualify as professional services. The course covers a whole range of payments and uses many real life scenarios to highlight the complications which can arise and which lead to problems.
The course also outlines the requirements for certain public bodies to file a Return of 3rd Party Payments to Revenue, instead of having to submit an annual PSWT schedule of payments, and what payments must be included in this return.
When a person serving on a State, or State sponsored Committee or Board, is paid for services supplied, is that payment subject to PAYE, PRSI & USC, or is the individual treated as being self employed and if so, is the payment subject to PSWT? What are the rules for determining the correct tax treatment of such payments?
What will Revenue look at in the event of a Revenue audit and what are the possible repercussions? Why do Revenue treat short comings in the payments to members of State and Semi State Committees and Boards in a particularly harsh manner?
What is the tax treatment of expenses paid to Committee or Board members of a non commercial body which they incur when attending Committee or Board meetings of that body? What are the rules which permit such expenses to be paid free of tax and who qualifies under these rules?
Benefits of Attending
- An opportunity to put your questions to a taxation consultant who specialises in this area
- Small groups to allow time for individual attention and queries
- A detailed handout is supplied to each delegate - an invaluable reference document
- This course will pay for itself many times over
- 30 day free telephone helpline service following date of course
The course is presented by an IPASS consultant, who will explain in detail, how the PSWT legislation should be implemented. Questions are welcomed on all aspects of PSWT legislation and a comprehensive manual will be supplied to each delegate, which will act as a valuable reference document.
Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society, Accounting Technicians Ireland and other professional bodies.
Courses run from 10.00am - 4.30pm - tea/coffee on arrival. mid-morning & mid-afternoon and lunch will be provided.