Hints & Tips VAT on Bad Debts Covenants Small Gift Exemption   VAT on Bad Debts   Can your business claim VAT on bad debts? This only applies if you are on the invoice basis for VAT, you are allowed a VAT credit for bad debts Covenants   You can claim a tax deduction for up to 5% of your income at your marginal rate where you pay a qualifying covenant to a parent aged over 65 Small Gift Exemption   An Individual can gift up to €3,000 per annum tax free to any person     Authorised by the Institute of Chartered Accountants in Ireland to carry on Investment Business Copyright © Devaney & Durkin 2008 Site Designed & Developed by Capp Systems