A new electronic system to facilitate notification of a Personal Fund Threshold (PFT) for pension purposes was launched by Revenue last week. The new system can be accessed via ROS or PAYE Anytime. Revenue eBrief No. 50/14 sets out details on this new electronic system, who should make a PFT notification and the relevant time limits.
This article first appeared on charteredaccountants.ie
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.