The deadlines for the 2013 Income Tax returns are getting closer.
If you are doing a paper based Form 11 Tax return – they have to be with Revenue by the 31st October 2014. Online Form 11 returns via ROS have a later deadline of November 13th 2014.
There is a late filing penalty if tax returns are not made in time. The penalty is 5% of your tax bill if the 2013 tax return is made late but before the 31st Dec 2014. After that – late returns incur a 10% penalty.
Local Property Tax Compliance
If you haven’t paid the LPT due or to enter into an agreed payment arrangement up to 13/11/2014, a surcharge of 10% will be applied to the finaltax liability, subject to a maximum amount of €63,485.
Where the LPT position is subsequently brought up to date, the amount of the surcharge will be capped at the amount of the LPT liability. If this occurs any appropriate refunds from the revised surcharge will be available.