Complete the online
Tax Form
We shall send you an email to obtain further
information for your business,
income and expenditure.
We then review
your tax records
and calculate your Taxes.
We will let you know your
tax liability, for your review
and approval before
filing the tax return.
The tax return pay & file deadlines for income earned in 2019 outside the payroll are set out below.
For PAYE workers you need to submit a Form 12 unless the non-PAYE income exceeds €5,000 then you Must register for the Self Assessment Income Tax system and submit an Income Tax Form 11.
A. No later than 31 October 2020.
A1. 15 Dec 2019. Payment due on gains arising between 1 January 2019 to 30 November 2019. Use CGT Payslip A
A2. 31 January 2020. Capital Gains Tax-Payment due on gains 1 December 2019 and 31 December 2019. Use CGT Payslip B
Failure to file tax return for these payments in 2020 will result in penalties even if liability is paid in full.
It is important to record the sale of assets by completing a tax return even if no liability arose as Revenue are aware of the sale but are unaware of whether you have tax liability or not due.
All capital losses Must be reported by completing your tax return in order to use them against future gains.
The deadline for filing your income tax return and paying preliminary tax is 31st October each year.
You must submit an income tax return if you are in receipt of other income apart from your PAYE income. This may include income from a trade or business, rental income, you are a Proprietary Director or you are in receipt of any other form of income. You must also file a tax return if you have been granted SARP relief (Special Assignee Relief Programme).
Preliminary tax is your estimate of income tax and related charges payable by you for the current tax year to be paid along with the previous year’s tax liability. These are both due in the same event.
In calculating your preliminary tax payment, you should ensure that it covers your liability for your Income Tax, USC & PRSI.
To calculate preliminary tax due you must choose at least one of the below:
If you don’t pay your Preliminary Tax on time you will be charged interest for late payment of your tax.
You can register using Revenue’s Online Service (ROS) or by submitting the tax registration Form TR1. Alternatively, Taxreturned.ie can do this for you for a fee of €50.
Yes — you are obliged to file a self-assessed return every year by the deadline of 31st October, even if you did not make any profit.
The expense must be business related and must be used wholly and exclusively for the purposes of your trade.
You can pay your tax liability by posting a cheque to the Collector General, by debit or credit card payment over the phone or through your Revenue profile online.
Yes. Income earned and taxes deducted via the PAYE system are incorporated into your income tax return along with any additional non-PAYE Income. In effect an income tax return is a declaration of your full livelihood, therefore engaging the services of professionals such as Taxreturned.ie is recommended.
Yes you must pay Income Tax and Preliminary Income Tax on any rental profits. It is your rental profit and not the gross rents that you pay Income Tax on.
Tax Clearance Certificates must now be applied for through Revenue On-Line Service (ROS). The Tax Clearance Certificate will only be issued if all of your tax returns and payments are up to date. It will be cancelled at any time during the year if your tax returns and payments go behind. If you need help email at info@taxreturned.ie and we shall be happy to assist you.
There is no obligation for individuals or the self-employed to have Certified Accounts. taxreturned.ie systems automatically produce your accounts for you.