MANDATORY E-FILING/PAYMENT

The Revenue Commissioners has published a consultation document relating to the proposed extension of mandatory e-filing and payment for certain returns and tax liabilities.

Legislation allowing this has been in place since 2003

The first regulations under this legislation made it mandatory for large companies and Government departments to make returns and payments online in 2009 and 2010.

Revenue is proposing to extend,  mandatory online filing and payment of specified returns/payments to the following additional categories of persons from the following dates:

From 1 January 2011,

All companies

All partnerships

All trusts

Individuals who register for VAT on or after 1 January 2011

Individuals subject to the high earners restriction

Individual employers with more than 5 employees

In addition, persons filing stamp duty returns will be required to do so electronically as respects transfers executed on or after 1 January 2011.

From 1 January 2012,

All other individuals registered for VAT

Individuals benefiting from or acquiring foreign life policies, offshore funds or other offshore products

Individuals claiming one or more of  specified reliefs/allowances

From 1 January 2013,

All individuals whose annual turnover or gross receipts exceeds €75,000 if selling goods, or €37,500 if providing services or receiving rental income

Persons filing CAT returns (other than those who are required to mandatory eFile under the measure contained in Finance Act 2010)

Anyone who wishes to express a view on the above must do so by 31st August 2010.

Please see consultation document for more information

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