TAX

For customers who file the 2015 Form 11 return and make the appropriate payment through ROS for: Preliminary Tax for 2016 Income Tax balance due for 2015 the due date is extended to Thursday 10th November 2016.

The Finance Act 2015 introduced the Earned Income Tax Credit for the tax years 2016 onward. The earned income tax credit can be claimed by: A person who has earned income that does not qualify for the PAYE Tax Credit. Examples are the Self Employed and Proprietary Directors. They can claim a maximum income tax … Read more EARNED INCOME TAX CREDIT – WHO IS ELIGIBLE?

RELEVANT CONTRACTS TAX (RCT) From December 2015 there will be a new mandatory field in the contract notification process in the eRCT system. Each contract will require a Site Identifier Number (SIN). Upon the introduction of the new field, the system will automatically provide a SIN when the principal contractor enters the location of the … Read more eRCT SITE IDENTIFIER NUMBER

The Form 11 tax return for year ended 31st December 2014 must be submitted by 31st October 2015 to avoid surcharges and penalties. Paper Form 11 returns 2014 The Revenue have extended the early filing deadline to 30th September 2015. This means that individuals who file a paper Form 11 2014 on or before the … Read more INCOME TAX SELF ASSESSMENT FILING DEADLINES

The 2016 budget will be announced by the Minister for Finance Michael Noonan on October 13th 2015.