Revenue have announced in recent days an extension to this year’s Pay & File deadline for online tax returns from 31 October to Tuesday, 12 November 2019.
To qualify for the extended deadline, you must, by 12 November next
- file your 2018 Form 11 Income Tax return using the online ROS system.
- make your ‘Pay & File’ payment via ROS, to cover:
- your Preliminary Tax for 2019; and
- any remaining balance of Income Tax owing for 2018.
The extension only applies, if:
- you file your Form 11 tax return on ROS; and
- you use ROS to make the required Income Tax payment.
It is worth noting that the ROS filing deadline this year is two days earlier than last year’s 14 November deadline. This is unfortunate as the annual deadline is inevitably accompanied by a late rush and every additional day means that more people will file on time. In addition, the tax code becomes ever more complicated and cumbersome each year.
Capital Gains Tax
The Revenue eBrief makes no mention of any extension to the Capital Gains Tax return filing deadline of 31 October 2019. If you are are self-assessed for Income Tax, you must file your 2018 Capital Gains tax return as part of your 2018 Form 11 Income Tax Return.
As was the case in previous years, I expect that the deadline for such ROS-filed returns should now extend to 12 November. If this affects you, it would be wise to double check this in advance of 31 October.
On the other hand, if you pay all your taxes under the PAYE system, and had a Capital Gain in 2018, you must file a Form CG1 Capital Gains Tax return by 31 October 2019. The later deadline does not apply to you.
In earlier years, the later ROS filing deadline has also applied for backdated tax relief on RAC, AVC and PRSA pension payments.
The Revenue eBrief does not mention this particular issue although I expect that the 12 November deadline will also extend to such payments, for anyone who pays & files via ROS by 12 November.
If you are considering making a pension payment next November and wish to claim the tax relief against your 2019 liability, you should first double-check that the extended deadline applies to pension payments.
Unless you are 100% certain, it is safer to work on the assumption that the previous 31 October deadline applies, and to make any your qualifying pension payment by 31 October.
Today’s Revenue eBrief containing this announcement is here.