A Revenue eBrief today confirms that this year’s Pay & File deadline for 2012 tax returns is being extended for online returns from 31 October to Thursday 14 November 2013.
However, this is subject to some terms and conditions.
To avail of the extended deadline, you must, by 14 November next
- file your 2012 Form 11 Income Tax return using the online ROS system.
- make your ‘Pay & File’ payment via ROS, to cover:
- your Preliminary Tax for 2013; and
- any remaining balance of Income Tax you owe for 2012.
The extended deadline only applies, if:
- you file your Form 11 tax return on ROS; and
- you use ROS to make the required Income Tax payment.
Capital Gains Tax
The Revenue eBrief makes no mention of any extension to the Capital Gains Tax return filing deadline of 31 October 2013. If you pay Income Tax under self-assessment, you must file your Capital Gains tax details as part of your 2012 Form 11 Income Tax Return.
The deadline for such ROS-filed returns may now extend to 14 November.
On the other hand, if you pay all your taxes under the PAYE system, and had a 2012 Capital Gain, you must file a Form CG1 Capital Gains Tax return by the earlier deadline of 31 October.
Capital Acquisitions Tax
The deadline extension also applies to Capital Acquisitions Tax (CAT) payments and IT38 returns for gifts or inheritances with valuation dates in the year ended 31 August 2013. Again, return & tax payment must both be made through ROS.
In previous years, the extended November deadline has also applied for the purposes of RAC, AVC and PRSA pension payments.
Today’s Revenue eBrief does not mention this particular issue although I expect that the 14 November deadline will again extend to such payments, where the individual pays & files via ROS by 14 November.
If you are considering making a pension payment in November and wish to claim the tax relief against your 2012 liability, you should first double-check that the extended deadline applies to pension payments.
Unless you are 100% sure, it is safer to work on the assumption that the previous 31 October deadline applies, and to make any your qualifying pension payment by the end of October.