Smaller businesses can continue to avail of reductions in the filing and payment frequencies for VAT, PAYE/PRSI and RCT in 2015.

Businesses making:

• total annual VAT payments of less than €3,000 are eligible to file VAT returns and make payments on a 6 monthly basis;
• total annual VAT payments of between €3,000 and €14,400 are eligible to file VAT returns and make payments on a 4 monthly basis;
• Businesses making total annual PAYE/PRSI payments of up to €28,800 are eligible to make payments on a 3 monthly basis;
• Businesses making total annual RCT payments of up to €28,800 are eligible to file RCT returns and make payments on a 3 monthly basis.

In eBrief No. 96/2014 Revenue advises that it will write to each eligible business confirming that reduced frequency of tax returns and tax payments will apply from 1 January 2015. They say that a copy of the letter may also be sent to the agent or tax practitioner on record, other than for PAYE/PRSI.

eBrief No. 96/2014 is republished on here.