Blog


 

Tax Deadlines for May & June 2012

By Geoff Foster Friday, 11th May 2012 | 0 comments
Filed under: Business Advisory - Amatino Partners, Amatino Partners, Tax Deadline, Accounting.

May 2012

1st May

Carbon Taxes
Effective date for Budget 2012 increases in carbon tax on home heating oil

VAT - Due date for extension of VAT reverse charge mechanism to supplies of construction services between connected persons.

14th May 

PAYE - P30 monthly return and payment for April 2012. (ROS extension to 23 May 2012)

PSWT - F30 monthly return and payment for April 2012. (ROS extension to 23 May 2012)

19th May

VAT - Bi-monthly VAT3 return and payment for the period March/April 2012 (ROS extension to 23 May 2012)

Four-monthly VAT3 return and payment for the period January-April 2012 (ROS extension to 23 May 2012)

31st May - NPPR charge
Payment of €200 NPPR charge (Irish residential properties that are not principal private residences) for 2012. According to www.nppr.ie the additional one month period of grace is available in 2012.


Companies

14th May - Dividend Withholding Tax
Return and payment of DWT for distributions in April 2012

21st May - Corporation Tax
Return and final payment for accounting periods ended 31 August 2011. (ROS extension to 23 May)


Preliminary tax for accounting periods ending 30 June 2012. (ROS extension to 23 May)

First instalment of preliminary tax for ‘large’ companies for accounting periods ending 30 November 2012. (ROS extension to 23 May)

31st May - Form 46G – Return of Third Party Information
Form 46G for accounting periods ended 31 August 2011

 

June 2012

14th June

PAYE- P30 monthly return and payment for May 2012. (ROS extension to 23 June 2012)

PSWT - F30 monthly return and payment for May 2012. (ROS extension to 23 June 2012)

30th June

NPPR Charge

Payment of €200 NPPR charge for Irish residential properties that are not principal private residences for 2012.

Companies

14th June - Dividend Withholding Tax
Return and payment of DWT for distributions in May 2012

21st June - Corporation Tax
Return and final payment for accounting periods ended 30th September 2011. (ROS extension to 23 June)

Preliminary tax for accounting periods ending 31st July 2012. (ROS extension to 23 June)

First instalment of preliminary tax for ‘large’ companies for accounting periods ending 31st December 2012. (ROS extension to 23 June)

30th June

Form 46G – Return of Third Party Information
Form 46G for accounting periods ended 30 September 2011

March & April Tax Deadline Dates

By Geoff Foster Monday, 26th March 2012 | 0 comments
Filed under: Taxation, Tax Deadline, Tax Consultant, Tax Advisor.

March Tax Deadlines

1st March Household Charge
Due date for application for payment of household charge by installments. First installment of €25 due on 13 March 2012.

14th March 

PAYE
P30 monthly return and payment for February 2012 (ROS extension to 23 March 2012).

PSWT
F30 monthly return and payment for February 2012 (ROS extension to 23 March 2012).

19th March VAT
Bi-monthly VAT3 return and payment for the period January/February 2012 (ROS extension to 23 March 2012).

31st March 

Share Options
Return of information in relation to share options or rights granted in the year ended 31 December 2011

Household Charge
€100 household charge payable for those not paying in instalments.

Companies

14th March  Dividend Withholding Tax
Return and payment of DWT for distributions in February 2012

21st March Corporation Tax
Return and final payment for accounting periods ended 30 June 2011 (ROS extension to 23 March).

Preliminary tax for accounting periods ending 30 April 2012 (ROS extension to 23 March).

First instalment of preliminary tax for ‘large’ companies for accounting periods ending 30 September 2012 (ROS extension to 23 March).

31 Form 46G – Return of Third Party Information
Form 46G for accounting periods ended 30 June 2011.

Individuals

31st March Basis of Assessment
Deadline for claiming Separate Assessment and nominating Assessable Spouse for 2012.


April 2012

6th April Mandatory reporting
Where applicable, quarterly return of client lists for period to 31 March 3012.

14th April PAYE
P30 monthly return and payment for March 2012. (ROS extension to 23 April 2012).

P30 return and payment for calendar quarter ended 31 March 2012. (ROS extension to 23 April 2012).

PSWT
F30 monthly return and payment for March 2012. (ROS extension to 23 April 2012).

Dividend
Withholding Tax Return and payment of DWT for distributions in March 2012.

21st April Corporation Tax
Return and final payment for accounting periods ended 31 July 2011. (ROS extension to 23 April).

Preliminary tax for accounting periods ending 31 May 2012. (ROS extension to 23 April).

First instalment of preliminary tax for ‘large’ companies for accounting periods ending 31 October 2012. (ROS extension to 23 April).

30 Form 46G Return of Third Party Information
Form 46G for accounting periods ended 31 July 2011.

Possible Tax Changes for Budget 2012

By Des Lowry Wednesday, 30th November 2011 | 0 comments
Filed under: Taxation, Amatino Partners, Tax Deadline, Budget 2012.
PRSI
Changes to the PRSI rates are a concern for employees and company directors and they will be keen to see if PRSI will be extended to non-employment income as muted in the press (eg rental income, dividends and interest). For those with rental income, this is a further cost implication after the introduction of the NPPR and the restriction of interest deductions to 75% in the last 4 years. Landlords have also had significant costs when it comes to other legislative requirements including the need for BER certificates and the Residential Tenancies Board fee.

Capital Taxes
For those business owners concerned about passing their business on to the next generation, the proposed changes to the Capital Gains Tax and Capital Acquisitions Tax is of major worry. It has been rumoured that the reliefs will be reduced which would result in extra costs in passing on a business.

December 2011 Tax Deadlines

By Geoff Foster Wednesday, 9th November 2011 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline, Budget 2012.

It is important to remember the key tax deadlines that are coming up for your business in the coming months. While October and November are the busiest months due to the Income Tax Deadline, it is vital to be aware of all deadlines throughout the year to avoid any penalties or issues.

  • December 14th

- PAYE - P30 monthly return and payment for November 2011 or the 23rd of December 2011 for those filing with Revenue Online.

- RCT 30 monthly return and payment for November 2011 or the 23rd of December 2011 for those filing with Revenue Online.

- Companies Dividend Withholding Tax - Return and Payment of DWT for distributions in November 2011.

  • December 15th

- Capital Gains Tax - Payment of capital gains tax in respect of gains arising on disposal in the period 1st January 2011 to 30th November 2011.

  • December 21st

- Corporation Tax 

Return and final payment for accounting periods ending 31st March 2011 or the 23rd of December for those filing with Revenue Online.

Preliminary tax for accounting periods ending 31st January 2012 or the 23rd of December 2011 for ROS.

First instalment of preliminary tax for 'large' companies for accounting periods ending 30th June 2012 or the 23rd of December 2011 for ROS.

  • December 31st

- Form 46G Return of Third Party Information - Form 46G for accounting periods ended 31st March 2011.

 

New RCT Changes due 1st January 2012

By John Kieran Tuesday, 8th November 2011 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline.

The new RCT system is currently under development and is due to change on the 1st January 2012 whereby all interaction between principal contractors and Revenue will be solely online. There will be no paper alternative.

So what do you need to do to be ready for 1st January?

Principal Contractors

  • Those not already registered for ROS should register as soon as possible.
  • It is important that principals ensure before 1st January that details on ROS for their existing contracts are correct. These details can be viewed and amended as required from the 28th of November.
  • Principles with in-house RCT software systems should engage with their IT experts or software providers to ensure their systems are compatible with ROS.

Subcontractors

  • These are no required to register for ROS for RCT purposes.

November Tax Deadlines

By Geoff Foster Tuesday, 25th October 2011 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline.
  • 14th of November

- P30 monthly return and payment for October 2011. (ROS extension to 23rd of November 2011.)

- RCT30 monthly return and payment for October 2011. (ROS extension to 23rd of November 2011.)

- Professional Service Withholding Tax - F30 monthly return and payment for October 2011. (ROS extension 23rd of November 2011.)

- Companies Dividend Withholding Tax - Return and payment of DWT for distributions in October 2011.

  • 19th of November

- Bi-monthly VAT3 return and payment for period September/October 2011. (ROS extension to 23rd of November 2011.)

  • 21st of November

- Corporation Tax - Return and final payment for accounting periods ended 28th of February 2011. (ROS extension to 23rd of November)

- Corporation Tax - Preliminary tax for accounting period ending 31st of December 2011. (ROS extension to 23rd of November.)

- Corporation Tax - First Installment of preliminary tax for 'large' companies for accounting periods ending 31st of May 2012. (ROS extension to 23rd of November.)

- 30 Form 46G - Return of Third Party Information - Form 46G for accounting periods ended 28th of February 2011. Domicile Levy for 2010.

 

October Deadlines

By Geoff Foster Tuesday, 11th October 2011 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline, Business Start-up.
  • 7th of October

Mandatory Reporting - where applicable, quarterly return of client lists for period to 30th September 2011.

  • 14th of October

- P30 monthly return and payment for September 2011. (ROS extension to 23rd of October 2011)

- P30 quarterly return and payment for the calendar quarter ended 30th of September 2011. (ROS extension to 23rd of October 2011)

- RCT30 monthly return and payment for September 2011. (ROS extension to 23rd of October 2011).

- Professional Services Withholding Tax - F30 monthly return and payment for September 2011. (ROS extension to 23rd of October 2011.

- Companies - Divided Withholding Tax Return and payment of DWT for distributions in September 2011.

  • 21st of October

- Corporation Tax - return and final payment for accounting periods ended 31st of January 2011. (ROS extension to 23rd of October)

- Preliminary tax for accounting periods ending 30th of November 2011. (ROS extension to 23rd of October)

- First instalment of preliminary tax for 'large' companies for accounting periods ending 30th of April 2012. (ROS extension to 23rd of October).

  • 31st of October

- Form 46G - Return of Third Party Information - Form 46G for accounting periods ended 31st of January 2011.

- Income Tax - Return and payment of income tax for 2010. (ROS extension to 15th of November 2011.

- Income Tax - Preliminary Tax (inclusive of universal social charge) for tax year 2011. (ROS extension to 15th of November 2011.)

- Capital Gains Tax - Return for the tax year 2010. (ROS extension to 15th of November 2011.)

- Domicile Levy - Return and payment of €200,000 Domicile Levy for 2010.

If you have any queries on any of these deadlines, contact our Monaghan office on 047 84955 or our Cavan office on 0494371211. www.amatino.ie

Income Tax Deadline 31st of October '11

By Linda Scott Thursday, 6th October 2011 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline.

The Income Tax Deadline is approaching and it is vital to get your accounts into your accountant as early as possible so that they can be prepared and filed on time.

 

Revenue have confirmed that the 31 October 2011 Pay & File deadline for 2010 Income Tax returns is being extended for online returns to Tuesday 15 November 2011.

To avail of the extended deadline for 2011, an individual (or their accountant) must file their 2010 tax return by the 15th of November 2011 using the online ROS system. In addition, they must also use the Revenue online ROS system to pay the following tax balances by the 15th of November 2011.

  • Preliminary Tax for 2011; and
  • Any remaining Income Tax balance due for 2010

Unless both:

  • the return is filed on ROS; and
  • the required tax payment is made using ROS;

The existing deadline of 31 October 2011 will apply to both the payment and the return.

Contact our Monaghan office on 047 84955 or Cavan on 049 4371211 if you have any queries on the deadlines or would like to set up a meeting.

Tax Deadlines - August & September

By Barry Kieran Friday, 5th August 2011 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline.

General Tax Deadlines

  • 25th September 2011

Pension Levy and statement must be paid by the 25th of September 2011. The levy is calculated at a rate of 0.6% of the market value assets under management in pension schemes.

  • 30th September 2011

VRT refunds on short term drive contracts (ie car hire) will end on the 30th of September.

Capital Acquisitions Tax and filing of returns in respect of gifts and inheritances in the 12 month period ending on the 31st of August, is due for payment on the 30th of September.

 

Companies

  • 14th of August

Dividend withholding tax return filing and payment date, for distributions made in July 2011.

  • 21st of August

Preliminary tax for companies with a financial year end 30th September 2011 is due for payment on the 21st of August or the 23rd of August when using the Revenue Online Service.

Initial instalments of preliminary tax for companies, excluding small companies, with a financial year end 29th February 2012 is due payment on the 21st of August or the 23th of August when using the Revenue Online Service (ROS).

The 21st of August (23rd of August if using ROS) is also the last date for filing corporation tax return CT1 for companies with a financial year end of 30th November 2010.

  • 31st August 2011

Date for filing third party payment return 46G for companies with financial year end of 30th November.

Last date for payment of dividends for the period ended 28th February 2010 to avoid surcharges on rental, professional services and investment income during that period.

  • 14th September 2011

Dividend withholding tax return filing and payment date, for distributions made in August 2011, are due to be issued by the 14th of September.

  • 21st September 2011

Preliminary tax for companies with financial year end of 31st of October 2011, are due to be paid by the 21st September or the 23rd of September when using ROS.

Initial installments of preliminary tax for companies, excluding small companies, with a financial year end of the 31st of March are due to be paid by 21st September or the 23rd of September when using ROS.

The 21st of September (23rd if using ROS), is the deadline for filing corporation tax return CT1 for companies with a financial year end of 31st of December 2010. Loans advanced to participators in a close company of this year end, may need to be repaid by 21st of September 2011 to avoid the assessment of income tax.

Self corrections which enable a taxpayer to amend a submitted return without penalties, must be claimed for corporation tax for accounting periods 31st December 2009 must be completed by the 21st September.

  • 30th September 2011

This is the last date for filing third party payments return 46G for companies with a financial year end of 31st December 2010.

Payment of dividends for the period ended 31st March 2010, must be paid by the 30th of September 2011 in order to avoid Sections 440 and 441 TCA 97 surcharges on investment, professional services and rental income arising in that period.

At Amatino Partner, we keep our clients up to date on all relevant tax deadlines, if you are concerned about any of the above deadlines, please call Barry Kieran on 047 84955.

Capital Gains Tax Deadline

By Linda Scott Tuesday, 16th November 2010 | 0 comments
Filed under: Business Advisory - Amatino Partners, Amatino Partners, Tax Deadline.

The deadline for Capital Gains Tax on any disposals within the initial period 01 January 2010 to 30 November 2010 ends the 15th December 2010. It is important to file your return and discharge your liability on time to avoid additional interest and/or penalties.  For all disposals that occur in December 2010, CGT returns are due by 31 January 2011.


Irrespective of whether you have submitted a payment, or whether the gain is relieved from tax or a loss arises on the disposal, you must submit a tax return to Revenue in respect of any disposals. Generally the tax return is due by 31st October in the year following the calendar year in which the disposal was made.


Always seek professional advice in relation to the preparation of your Capital Gains Tax assessment to ensure all allowable reliefs and exemptions can be implemented.


If you require advice in relation to any aspect of your charge to CGT, please contact us www.amatino.ie or alternatively on 047 84955 (Monaghan) or 049 71211 (Cavan).

Deadline for Northern Ireland Tax Returns

By Linda Scott Monday, 18th October 2010 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline.

As the deadline for the filing Northern Ireland 2010 Income Tax paper returns looms on the 31 October 2010, it is important to seek advice on your filing obligations in relation to UK income.


Advantages of professional advice


1. Minimises tax liability payable.
2. Ensure all allowable reliefs & deductions available are claimed
3.

Tax Planning - An Effective Tool

By Linda Scott Monday, 6th September 2010 | 0 comments
Filed under: Business Advisory - Amatino Partners, Taxation, Amatino Partners, Tax Deadline.

As the deadline for the filing of 2009 Income Tax returns looms on the 31 October 2010, it is important to seek advice on the tax planning in order to minimise your tax bill and maximise your assets.

Advantages of effective Tax planning


1. Minimises tax liability payable.
2. Helps maintain your wealth
3.

What our clients say about us...

By Grainne Brady Monday, 1st March 2010 | 0 comments
Filed under: Business Advisory - Amatino Partners, Marketing, Amatino Partners, Debt Management, Tax Deadline.

I joined Amatino Partners in 2009 after moving my accounts from a large well known practice in Dublin. I was delighted to have a dedicated Partner in Barry Kieran who took a hands on approach to my business and my accounts. Barry's ability to analyse issues, develop & implement practical, beneficial solutions across my business has helped my business immensely.

Categories


Cavan Office
  • Aeta Place, 
    Gortnakesh, Cavan
  • Tel: 049-4371211,
  • Fax: 049-4332631
  • Email: info@amatino.ie
Monaghan Office
  • 42 Dublin Street,
    Monaghan Town, Monaghan
  • Tel.: 047-84955, Fax: 047-84957
  • Email: info@amatino.ie
   3 CPA logo 300 rgb hi res chartered1 acca logo

© 2012 Amatino Partners
Web Design by Webtrade