Domicile levy in the spotlight

For what reason did the Taxes Consolidation Act arise?

Because Ireland needed to fund specific infrastructure projects

Because other taxes expired

Ireland's tax base contracted

Because the financial crisis had created economic and fiscal difficulty

Which of the following is not relevant for the application of the domicile levy?

Individuals must have shares in trading companies

Individuals must be domiciled in Ireland in the tax year

Individuals must have worldwide income for the tax year greater than EUR1 million

Individuals mist have an Irish income tax liability for the tax year less than EUR200,000

What is not regarded as Irish property for the purposes of the levy?

Property worth less than EUR200,000

Property worth less than EUR1 million

Certain shares in trading companies

Debts or encumbrances

Why is the impact of the domicile levy open for debate?

Because it is driving tax avoidance

Because it only impacts around 15 people

Because it targets people who are already subject to high taxes

Because it is harming productivity

What did the appellants in submit that the universal social charge constituted?

A liability that needed to be taken into account

An unfair charge

Income tax

An explicit restriction

What did Revenue argue that the USC is?

A social charge for the good of the Irish public

A domicile levy

A tax on income and not an income tax

An income tax and not a tax on income

What did the Appeal Commissioner determine could not be taken into account as a deduction?

Income from all sources aggregated

Case 1 trading losses when calculating world-wide income

Irish property greater than EUR1million

Irish property greater than EUR5million

What did the Appeal Commissioner not accept?

That income tax should be construed to mean a tax on income

That income tax is a creation of statute

That income tax is a separate tax on income

That the appellants were 'relevant individuals'

What was the outcome of the case?

Both appellants were held to be relevant individuals and subject to a levy which they have now paid

Both appellants were held not to be relevant individuals and Revenue is appealing the case

Both appellants were held to be relevant individuals and subject to the levy, the case is being appealed

The case is still awaiting an outcome

Why has awareness of the levy decreased among practitioners?

Because many people are using accounting applications to calculate their tax, rather than practitioners

Because only a low number of taxpayers are subject to the domicile levy

Because the government has not made enough information available on who is subject to the levy

Because it is particularly confusing only true specialists are able to advise on it

Domicile levy in the spotlight

For what reason did the Taxes Consolidation Act arise?

Which of the following is not relevant for the application of the domicile levy?

What is not regarded as Irish property for the purposes of the levy?

Why is the impact of the domicile levy open for debate?

What did the appellants in submit that the universal social charge constituted?

What did Revenue argue that the USC is?

What did the Appeal Commissioner determine could not be taken into account as a deduction?

What did the Appeal Commissioner not accept?

What was the outcome of the case?

Why has awareness of the levy decreased among practitioners?

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