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from the seminars. We have now a
much better appreciation of some
of the practical problems encoun-
tered by solicitors in completing
returns and further developments
will include efforts to deal with these.
The future
So far self-assessment for CAT has
been voluntary. Statutory provision
for self-assessment is becoming an
increasingly more p r omi nent
feature of the tax system so there
are obvious advantages in having
as much advance participation as
possible on a voluntary basis.
Other developments also have a
bearing on the future course of
events. Tax practitioners can now
buy commercial computer packages
capable of self-assessment. The
Capital Taxes Branch is prepared to
examine these packages and to
check their suitability. We are also
prepared to approve and accept
computer generated forms and
computations as substitutes for the
Revenue return form. We also hope
to produce in the near future a
short version of the Inland Revenue
Affidavit for use in simple cases.
This should speed up estate admin-
istration and the issue of cer-
tificates of discharge. Electronic
transmission of self-assessed returns
is another possibility for the future.
How do you, the solicitor,
participate?
You can participate by completing
a self-assessment form and for-
warding it (with payment, where
appropriate) to the Office of the
Accoun t an t -Gene r a l, Revenue
Commissioners. Alternatively, if
you do not have a taxable case on
hands at present you can, by con-
tacting the Self-Assessment Unit,
include your name in the list of
potential participants. You will then
receive any information, circulars
etc. which are issued to participants.
Special Unit for self-assessment
A number of officers in the Capital
Taxes Branch have been assigned
to deal with self-assessment cases.
Their names have been given to
participating solicitors and are
reproduced below. These staff are
available to give information and
assistance on the completion of
self-assessment returns. Solicitors
are welcome to telephone members
of the self-assessment unit (at
01-792777 Ext. 2247 or 2244) for
advice on form completion or to
make an appointment with an
individual member of the unit who
will be happy to assist in completing
a form and tax computation.
Finally
We are very grateful for the co-
operation and advice which we
received from the Tax Committee
of the Incorporated Law Society
and from individual practitioners.
This co-operation was essential to
ensure the success of the scheme.
Indeed the return form (I.T.38) is in
the process of being amended to
take account of suggestions already
made by participating solicitors. We
would stress that at this stage
practitioners have the opportunity
of influencing the future shape of
the system and we will continue to
welcome suggestions and com-
ments from the legal profession.
Members of the Self-assessment
Unit, Capitel Taxes Branch
Tom Boland Eddie McCarthy
Ken Bruton
Ray Williamson
Lucy Durnin
•
DAVY
STOCKBROKERS
OUR INVESTMENT SERVICES
Davy Stockbrokers Personal Investment Division provides an integrated and comprehensive range of Investment
Services to solicitors and their clients
• Investment Advisory Service -
design and implementation of investment plans specifically developed for
each individual..
• Unit Bond Investment -
selection and evaluation of unit-linked investment bonds.
• Equity Portfolio Service -
direct investment in the Stockmarket under our guidance and recommendations.
• Probate Valuations -
probate Valuations on request together with advice on rights and other shares issues.
• Stock Market Dealing Service -
an efficient and competitive dealing service.
Contact: Joseph Davy, Peter Keane or Dermot Walsh
Davy House, 49, Dawson Street, Dublin 2, Ireland.
Telephone: 01 - 797788 Telex: 93968 Fax: 712704
Personal Investment Division
91