Revenue will be notifying employers and taxpayers who qualify for the less frequent filing arrangements with respect to PAYE/PRSI, VAT and RCT in the coming months. Agents will also receive a copy of the notification.

PAYE/PRSI

Employers whose total PAYE and PRSI payments for the year are €28,800 (€30,000 prior to 1 January 2009) or less may return their PAYE and PRSI payments on a quarterly, rather than on a monthly basis. Revenue advised that there are currently 97,000 employers who avail of the less frequent PAYE/PRSI filing facility. Employers who will now qualify for the quarterly filing facility will be notified by Revenue in the coming months. If employers wish to continue filing on a monthly basis, they can opt out, by contacting the local District.

VAT

Normally a VAT registered trader accounts for VAT on a two-monthly basis. Since 1 July 2007 the frequency of filing VAT returns was reduced, depending on the annual VAT liability, to either every four months or on a six month basis. According to Revenue, currently approx 91,000 VAT traders avail of the less frequent filing facilities. Traders, who will now qualify, will be notified over the next few months.

RCT

Currently all businesses registered for RCT are required to file monthly. However, Revenue advised that from January 2011, approx 10,000–15,000 taxpayers will be extended the facility of less frequent filing for RCT. Details of the annual threshold and the filing arrangements will be confirmed by Revenue shortly.