TaxSource Total

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

Frequency of Filing Tax Returns and Payments

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.