579 / 822
GAZETTE
DECEMBER 1988
wh i ch will be exempt to corporate
manufacturers provided the Bond is
held for a stated period, e.g. five
years. Such a bond wou ld be a
necessity if the U.K. interest rates
remain above Irish rates for any
appreciable length of time.
Self Assessment
C.A.T.
The voluntary self assessment
arrangement for C.A.T. is working
well. There has been a good
p r o f e s s i o n al r e s pon se to t he
sugestion f r om the Revenue and
the training system provided by the
Revenue has developed the notion
of co-operation be tween Revenue
and the Profession. The arrange-
ments have given greater profes-
sional satisfaction to those of the
Profession engaged in Capital Taxes
wo rk and f r om the Revenue point
of v i ew, it is f e lt t h a t t he
"Policeman's Me n t a l i t y" wh i ch
might have been present in the
past, is being eliminated and this is
to be encouraged.
Income Tax
Reference is made to the detailed
submissions already made by the
Society and by the Institute of
Taxation in Ireland in relation to self-
assessment, but the following t wo
points must be highlighted and
emphasised:-
(a) Bearing in m i nd t hat an
Inspector making an assess-
me nt is not r equ i r ed to
indicate where or why he has
departed from the figures in a
Return, the taxpayer should
not
be required on Appeal to
s p e c i f y (as r equ i r ed by
Section 16(4) F.A., 1988)
" t h e grounds, in detail, of his
appeal as respects each such
amount or ma t t e r ". It should
be sufficient for the tax payer
to indicate the amounts in
dispute. This undermines the
informal nature of the Appeal
Commissioners hearing.
(b) Se l e c t i on of c a s es
f or
examination should be done
centrally by the Revenue
based on objective criteria so
as to ensure impartiality, and
should be subject to a time-
limit of
three
years.
8. Custom House Dock Area
In order to promote the Area as the
most effective Financial Centre in
the world, it is submitted that all
conveyances and leases of property
within the Area be exempt from
S t amp Du ty and all services
provided for, and goods supplied to,
institutions w i t h in the Area be
exempt from VAT.
•
DEPT. OF JUST ICE
A FAX machine has been
installed in The Administration
Manager's Office in Arás Uí
Dhalaigh.
The facilities are available to all
Court Staff in the Four Courts
complex.
The Fax No. is
(01) 7 2 1 6 20
THE
INCORPORATED
LAW SOCIETY
seeks a fu l l - t ime t u t or
for its Law School.
Candidates must be
solicitors of not less
t han 2 years standing
and t he appo i n tment
wi ll be for 2 years.
App l i cat i ons, w i t h C.V.,
should reach t he
undersigned by Friday,
20 t h January, 1989.
Professor Richard Woulfe,
Incorporated Law Society of
Ireland,
Blackhall Place,
Dublin 7.
I r i sh Stenographers
L imi t ed
(Director:
Sheila Kavanagh)
Qualified Experienced
Stenographers.
Fast, efficient
service.
Overnight Transcripts by
arrangement
Contact: Secretary,
"Hillcrest", Dargle Valley,
Bray, Co. Wicklow.
Telephone: 0 1 - 8 6 2 1 84
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