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Taxation

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  • What is Capital Gains Tax
    When you sell something of value that you own e.g. Company shares
  • True/False : Direct Tax refers to tax based on your income
    True
  • What is another name for Income tax in Ireland
    PAYE
  • What does LPT mean
    Local Property Tax
  • What is the name of the tax paid by the consumers on good and services
    VAT
  • True/False: Excise Duty is a tax on all goods and services
    False
  • What is indirect Tax also known as
    Regressive Tax
  • What is Self Assessment Tax?
    Tax on people who work for themselves
  • What are the two rates of income tax?
    20% and 40%
  • When was Sugar tax introduced ?
    May 2018
  • What is another name for Sugar Sweetened Drinks Tax?
    Sugar Tax
  • What is the name of the agency responsible for the collection of all taxes
    Revenue Commissioners
  • What type of factors does your Motor Tax depend on?
    Size of Engine, Co2 emissions, age of car
  • What type of industries does Carbon Tax affect?
    Agriculture and Motor Vehicle Industry
  • What is the name of the Tax on your Savings?
    DIRT
  • What is the name of the Tax introduced in 2011
    USC
  • What is the name of the tax on goods we buy from outside the EU
    Customs duty
  • True/False: Interest is an extra amount added to your account as a reward for saving money
    True
  • Name the 4 types of financial Institutions
    Post Office, Bank, Credit Union & Building Society
  • 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 do they use the money from the Carbon Tax on?
    Environment and Climate Change Projects
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