The Gazette 1988

GAZETTE

MAY 1 988

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