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Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Revenue Respond to Submissions on Proposed Extension of Mandatory e-Filing & Payments

Chartered Accountants Ireland, as part of CCAB-I, responded to Revenue's consultation document ‘Proposed Extension of Mandatory e-Filing/Payment’ last Summer. One of the main concerns raised by Chartered Accountants Ireland was the need for Revenue to acknowledge that there are members who work from home or in offices in areas which have inadequate or even no broadband service. In their published response to this consultation, Revenue has stated that any Regulations made will allow for the exclusion of persons with genuine capacity difficulties.

Revenue's published response also confirms the refinement of the categories of cases and deadline dates set out in the original consultation document.

Stage one-from 1 June 2011 returns and payments must be made online for the following categories of taxpayers:

  • All companies
  • All trusts
  • All partnerships
  • Individuals filing stamp duty returns as respects instruments executed on or after 1 June 2011
  • Individuals or companies filing a return of payments to third parties [Form 46G]
  • Individuals subject to the high earners restriction
  • Individuals benefiting from or acquiring Foreign Life Policies, Offshore Funds or other Offshore products
  • Individuals claiming a range of property based incentives (Residential Property and Industrial Buildings Allowances)

Readers should note “all companies” covered by stage one includes non-resident companies who trade in the State through a branch or agency.

Under stage two, which applies from 1 October 2011, employers with more than 10 employees must make their returns and payments online.

Taxpayers covered by phase 3, along with their agents, will be notified by Revenue of their obligations and the steps needed to be taken in order to ensure compliance with electronic filing and payment. Phase 3 will be implemented in two stages.

Further information on the extension of mandatory electronic filing and payment and Revenue's response to the consultation is available at http://www.revenue.ie/en/practitioner/ebrief/2011/no-042011.html