Michael O'Grady

All of us at Michael O'Grady & Co join in wishing you a prosperous new year.

The filing date for the submission of form P35 for the year ended 31 December 2011 is the 15 February 2012.

Throughout winter the weather can be unpredictable, conditions often getting so bad that travelling to and from work becomes almost impossible. Employers often find it difficult to maintain full staffing level during this time of year. Often employees fail to present themselves at work due to weather conditions which can therefore lead to confusion regarding pay for this time.

Capital Gains arising on the disposal of a wide range of assets are chargeable to Capital Gains Tax. The standard rate of tax on Capital Gains made on or after 8 April 2009 is 25%.

As announced in the Budget, relief from Corporation Tax for start-up companies in their first three years of trading has been extended to those companies commencing to trade in 2010.

Important changes regarding the Capital Acquisition Tax (CAT) administration system announced in the Finance Act 2010 effective from 14th of June 2010.