Need a Tax Clearance Certificate? Why not apply online?

January 29, 2010

Did you know that you can apply online for a Tax Clearance Certificate?

In my experience, this is the easiest and fastest way to receive a Tax Clearance Certificate.

If your tax affairs are up to date, you should normally expect to receive your Certificate by post, within a week or so. Otherwise you will receive a letter from Revenue listing any outstanding balances or returns.  Once you resolve these, your Certificate can then be issued.

This online service does not apply to PAYE taxpayers, Irish non-residents,  or Standards In Public Office (SIPO) applicants.

If you are in one of these categories, just complete the paper form and submit it to your local Revenue Office.

15 February is P35 Deadline

January 27, 2010

Monday 15 February is the deadline for submission to Revenue of Employer P35 returns for 2009.

If you file your return and pay your liability online using ROS, you can avail of an extended deadline of 23 February.

More on


Changing a Company’s CRO Annual Return Date

January 23, 2010

Every Irish-registered limited company must file an annual return with the Companies Registration Office (CRO) each year.

If you own or manage a company, your company will have been allocated an Annual Return Date (ARD). You must file the company Annual Return (together with accounts, if appropriate) within 28 days of  the nominated date.

In certain circumstances you can file an application to extend your Annual Return. You can do this by filing Form B73 with your B1 Annual Return.

If you are considering doing so, you should note the following points:

  • You can only extend your company’s Annual Return Date if its CRO filing record is up to date.  You cannot do this if there are any outstanding annual returns or accounts.
  • If the company’s filing position is up to date, you can extend the Annual Return Date by up to six months.
  • The option can only be exercised within 28 days of the existing annual return date (ARD).
  • If you apply early to extend it, ie before the current ARD passes, then the 6 months period is curtailed accordingly. For example if you apply on 20 January, you can only go to 20 July.
  • Your filing date cannot be longer than 9 months after the year end. You have a 28 days grace period after the actual filing date.

For example if your accounts year end is 30 September 2009, you must file within 28 days of 30 June 2010.  If your accounts year end is 31 December 2009, you must file within 28 days of 30 September. These rules still apply if your official ARD is on a later date.

  • An application to extend an ARD can only be filed once every 5 years. You cannot extend your ARD if you already have done this within the past 5 years.

In short, this is an option that must be used sparingly, and with care

Crackdown on Contract Workers?

January 21, 2010

The Sunday Business Post reported on January 10 last that the forthcoming Finance Bill will include plans to bring thousands of contract employees into the PAYE net for the first time.

The mooted changes are designed to ensure that a contractor who is a de-facto employee cannot avoid PAYE by being paid through their own limited company.

Until the Finance Bill is published in early February, we will not know whether this measure will become a reality. If it does, it is likely to hit both contractors and the companies who hire them.

Its effects would be most serious for IT specialists and other contract professionals and technicians who contract to Irish industry including the multinational sector. This sector has already been badly exposed to the downturn in the world economy and is unlikely to welcome any further increase in their Irish cost base.

If you are a contractor operating through a limited company, or subcontracting work to others in this manner, you should keep a close eye on developments in this area.

Personal Affairs Checklist

January 20, 2010

The latest edition of the Personal Affairs Checklist, published by Chartered Accountants Ireland, is now available.

The Personal Affairs Checklist is a document to help you keep a concise record of your personal affairs and papers.

You can use it to record confidential information that may be needed in an emergency, such as your death or incapacity.

It includes:

  • contact details for your key advisers
  • the location of your will
  • details of your bank accounts, insurance policies, properties, shares & other assets

Investing a little time now to complete the checklist could save your spouse, partner, relatives or friends a great deal of time and expense in the future.

Download the Personal Affairs Checklist from my website

Capital Acquisitions Tax 2010 Thresholds

January 20, 2010

The Revenue have published Capital Acquisitions Tax Group Thresholds for gifts and inheritances received in 2010.

The Thresholds are adjusted annually in line with inflation. The 2010 Thresholds are as follows:

Group A €414,799. This applies to gifts & inheritances from a parent.

Group B €41,481.  This applies to gifts & inheritances received from a brother, sister, aunt or uncle, niece or nephew, grandparent and most other close relatives.

Group C €20,740. This applies to to all gifts & inheritances not covered by Groups A and B.