Latest News for self assessment
Self-Assessment – Tax Payment Dates
Chartered Accountants Ireland has received confirmation from the Department of Finance that the Income Tax payment date for the self-employed will not be brought forward in 2015. The Institute had insisted that there must be no further bringing forward of the payment dates for taxes.
Budget 2014 – Tuesday 15 October
The Minister for Finance has confirmed that preparations have already commenced for Budget 2014 which will be delivered by the Minister on Tuesday 15 October. Responding to questions in the Dáil the Minister also confirmed that the Finance Bill should complete its passage through the Oireachtas by 31 December 2013. Informal indications are that the Finance Bill will be published in early November, and this will mean a shorter timeline for the passing of the Bill than is currently the case. The Institute will be engaging with Revenue and the Department of Finance on the budgetary process and members will be kept updated on developments.
Response to Review of R&D Tax Credit Regime
Chartered Accountants Ireland as a member of CCAB-I has responded to the Department of Finance invitation for submissions on the R&D Tax Credit. In the response we note that that CCAB-I has made a number of previous submissions to the Department on suggested improvements to the R&D tax credit regime. The profession believes that the priorities should be to reward individual innovators and end discrimination against companies which have invested in R&D since 2003.
Revenue Online Service – Extended Deadline
As reported in Chartered Tax News earlier this month, the ROS extended Pay & File deadline in respect of 2012 Income Tax returns (Form 11) and relevant payments is Thursday 14 November. This deadline applies where both the return and payments are made via ROS; otherwise the deadline is 31 October. We have clarified with Revenue that individuals who qualify for the ROS extended deadline, may also avail of the extended date of 14 November 2013 in respect of special contributions to occupational pension schemes, qualifying premiums to RACs and contributions to PRSAs.
