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What is the name of the agency responsible for the collection of all taxes
Revenue Commissioners
True/False : Direct Tax refers to tax based on your income
True
What are the two rates of income tax?
20% and 40%
What is indirect Tax also known as
Regressive Tax
What is the name of the tax on the value of any gifts you receive from a person who is still alive
Gift Tax
What is Capital Gains Tax
When you sell something of value that you own e.g. Company shares
What is the name of the tax paid by the consumers on good and services
VAT
What is the name of the tax on goods we buy from outside the EU
Customs duty
True/False: Excise Duty is a tax on all goods and services
False
What does LPT mean
Local Property Tax
What is another name for Income tax in Ireland
PAYE
What is Self Assessment Tax?
Tax on people who work for themselves
What is the name of the Tax introduced in 2011
USC
Name the 4 types of financial Institutions
Post Office, Bank, Credit Union & Building Society
True/False: Interest is an extra amount added to your account as a reward for saving money
True
What is the name of the Tax on your Savings?
DIRT
