Time to Abolish the Close Company Surcharge for Professional Service Companies
Is it time, from a policy perspective, to abolish the close company surcharge for professional service companies?

Measures by the Revenue Commissioners to relax the imposition of close company surcharges and a recent Tax Appeals Commission determination (108TACD2020) concerning surcharges on undistributed income of an accountancy firm have brought into sharp focus the close company surcharge. 

This article summarises the TAC decision and poses the question: Is it time, from a policy perspective, to abolish the close company surcharge for professional service companies?

 Click here or on the image below to download our briefing.

Time to abolish the close company surcharge for professional service companies


 

 

 

 

 

 

 

 

 

 

Key Contacts

Martin Phelan Tax Partner with William Fry Tax Advisors Ltd

Brian Duffy Partner

Related Practice Areas