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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

ASKUS

TRANSLATIO N

SERVICES

LTD.

TRANSLATORS

AND

INTERPRETERS

19 DUKE STREET, DUBLIN 2

Tel.: 779954/770795

Fax: 774183

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