Porsche356ss
Registered User
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- 6
I am about to open a new company (currently I am the only employee) and have been directed to a Financial Services agent.
I have two questions that I hope forum members could assist me with as it is the first experience of working with a tax agent.
My first question is that the agent has requested that any refund or repayment of USC/PAYE/Income Levy is paid into a bank account nominated by the agent. This includes that the agents bank account details will be on the Revenue record. Isn't that unusual - why wouldn't the repayment go directly to my business account?
The second question I have is with regards to fees. The agent has indicated the fee to be the higher of €30 per annum or 10% of the rebate received plus VAT at 23%. I did some research this morning and found companies offering tax refund services for 7%. I am looking for some advice if the 10% is the norm. I understand the agent would be filing a PAYE2A form on my behalf.
I would genuinely appreciate any advice so that I can be sure I keep my costs down as the business starts to evolve.
I have two questions that I hope forum members could assist me with as it is the first experience of working with a tax agent.
My first question is that the agent has requested that any refund or repayment of USC/PAYE/Income Levy is paid into a bank account nominated by the agent. This includes that the agents bank account details will be on the Revenue record. Isn't that unusual - why wouldn't the repayment go directly to my business account?
The second question I have is with regards to fees. The agent has indicated the fee to be the higher of €30 per annum or 10% of the rebate received plus VAT at 23%. I did some research this morning and found companies offering tax refund services for 7%. I am looking for some advice if the 10% is the norm. I understand the agent would be filing a PAYE2A form on my behalf.
I would genuinely appreciate any advice so that I can be sure I keep my costs down as the business starts to evolve.