P35 & RCT35 Online Filing Deadline Tomorrow

February 22, 2012

Tomorrow, 23 February, is the online filing deadline for 2011 Employer PAYE/PRSI P35 & Contractor RCT35 returns.

A P35 return includes details of all pay, PAYE/PRSI/USC deductions and other employee details for the year ended 31 December 2011.

An RCT35 return must be filed by all principal contractors in the construction, forestry, and meat processing sectors. It includes details of all payments made to subcontractors in 2011, and tax deduction details where relevant.

The original deadline of 15 February 2012 which applied to both returns is extended to 23 February for returns filed online via ROS.

In a recent eBrief, Revenue stress the importance of employers recording their employees’ PPS numbers correctly on P35 returns. Presumably the same guidance applies to subcontractor PPS and tax reg. numbers recorded on RCT35 returns.

The Revenue.ie website contains more guidance on completing P35 and RCT35 returns.


Plain-paper P60 Forms now online

October 13, 2011

Revenue have today published approved-format P60 templates which allow employers and their accountants to print P60s for employees. They confirm that they will no longer issue P60 stationery to the public.

A MS Word version of the P60 is here, while a ‘laser’ version (presumably for use with laser printers) is here.

The new format P60 reflects two notable changes :

  • A separate Certificate is no longer needed to confirm USC details, as these are included in the P60 form. In 2009 & 2010, employers had to issue their employees with separate Income Levy Certificates, in addition to their P60’s. Thankfully this duplication of paperwork is no more.
  • Up to now, it was necessary to issue P60s in duplicate, one part of the form to be used for tax purposes, the other for PRSI & social welfare purposes. It appears that the new single-page form will be adequate for both purposes.

15 November is ROS ‘Pay & File’ Tax Return Deadline

April 7, 2011

Revenue have confirmed that the 31 October 2011 Pay & File deadline for 2010 Income Tax returns is being extended for online returns to Tuesday 15 November 2011 . Curiously, this year’s deadline is a day earlier than last year’s deadline of 16 November 2010.

15 November 2011 for ROS Tax Returns

To avail of the extended deadline for 2011, an individual  (or their accountant) must file their 2010 tax return by 15 November 2011 using the online ROS system.  In addition, they must also use the Revenue online ROS system to pay the following tax balances by 15 November.

  • Preliminary Tax for 2011;  and
  • Any remaining Income Tax balance due for 2010

Unless both:

  • the return is filed on ROS; and
  • the required tax payment is made using ROS;

the existing deadline of 31 October 2011 will applies to both the payment and the return.

In accordance with existing practice, I expect that the extended 15 November deadline should also apply for the purposes of RAC, AVC and PRSA pension payments, where a taxpayer pays & files via ROS by 15 November.  This would enable such pension payments, made by 15 November 2011, to attract backdated tax relief against 2010 tax liabilities.  However, these arrangements will become not a reality until and unless confirmed by Revenue  in the meantime – certainly don’t take this for granted without double-checking between now and October.

Thankfully, the Revenue eBrief announcement makes no mention of the recent abortive plan by the outgoing FF/Green government to bring the annual Pay & File tax return deadlines a month forward. Some of us are still having nightmares over that particular bright idea.