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For a limited company is consulting = trading?

  • 15-06-2016 7:39pm
    #1
    Sordini
    Registered Users, Registered Users 2 Posts: 50 ✭✭


    If so my understanding would be corporation tax on profit would be 12.5%
    If not... 25%

    I am really struggling with the revenue.ie website and the 1955 in England, the Royal Commission on the Taxation of Profits. I am not sure if I can confidently apply one of the badges


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    Consulting is subject to tax at 12.50%!

    With the potential of Close company surcharge of 15% on 50%.


  • #3
    Sordini
    Registered Users, Registered Users 2 Posts: 50 ✭✭Sordini


    Thank you Lockedout2. Much obliged.


  • #4
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,876 ✭✭✭The J Stands for Jay


    Trading is case I, and consulting would be a profession which is Case II. Both taxed at 12.5%.


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