From Tax on Rental Properties to Corporation Tax
All companies registered in Ireland must make a corporation tax
return (CT1) within nine months of their year end. We can assist your
entity with the completed computation, filing and correspondence with
the Revenue Commissioners.
All companies registered for VAT are obliged to make VAT returns (VAT
3 form) at least once a year. You may elect to have the cycle changed
but generally, VAT returns are made on a bi-monthly cycle. Therefore VAT
for the January/February period will be due on the 19th March
If your entity has employees it must deduct PAYE/PRSI & Levies
and pay over this tax deduction to the Revenue Commissioners by the 14th
of the followings month. We can compute this liability for you and
issue payslips for all your employees and complete the returns on-line
via the ROS system.
For the normal PAYE workers all taxes will be deducted at source.
Therefore, no further tax liability should arise unless they are
receiving income from another source. A typical example would be income
received from investment property. If you are in receipt on additional
income, you will need to make a self assessment return. We can assist
you with the completed computation, filing and correspondence with the
If you own more than 15% of the issued share capital of an Irish
limited company, then you will need to complete a form 11 by the 31st
Oct of the year following you taking up office with the entity. If you
have any queries about this, we love to hear from you.
If you have made a profit on the sale of any capital item then you
will need to make a declaration to the Revenue Commissioners. The rate
in 2010 is 25% of the net gain. If you have a capital gain or if you are
unsure if you are liable for capital gains tax, then contact us and we
can help you.