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What is the current standard rate of VAT in Ireland
23%
What have the government done to be more sustainable- a tax
Plastic bag levy
True or false- USC is only paid by people earning over a certain amount
True
What tax is added to the cost of petrol and diesel?
Carbon tax
What is DIRT paid on?
Savings
Name two taxes paid by businesses
Corporation tax, VAT
Name two taxes paid by employes
PAYE & PRSI
What does USC stand for
Universal social charge
What does PAYE stand for
Pay as you earn
Name the government body responsible for collecting tax in Ireland
Revenue commissioners
You can only insure something you benefit from financially
Insurable interest
Name 3 types of car insurance
Third party, third party fire and theft, comprehensive
A form used to collect information from the applicant so the insurer can decide whether to offer insurance and at what price.
Proposal form
A document that proves you have insurance and outlines the key details of the policy is what?
Insurance certificate
LIs two pieces of advice for someone looking for car insurance
Shop around, consider being a name driver on a parents car, drive a small car,
Who pays PRSI?
Workers
What does PRSI stand for?
Pay related social insurance
Name three types of personal insurance
Motor, health and travel
Explain utmost good faith
You must tell the trust and give all relevant information when applying for insurance
Name the 5 main principals of insurance
Utmost good faith, insurable interest, indemnity, contribution & subrogation
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