Category: Deadline


If you rented out property in the Republic of Ireland in 2013 then this applies to you.

A recent decision of the High Court on the deductibility against rental profits of the Non Principal Private Residence charge (NPPR) has been appealed by Revenue to the Court of Appeal. Until that appeal is decided Revenue is not in a position to amend assessments or process repayment claims based on the High Court judgement.

It is unlikely this appeal will be settled before 31st December 2017.  While there is a general right to repayment of tax provided for in Section 865 of the Taxes Consolidation Act 1997 where a person has paid an amount of tax which is not due, that right is subject to a limit of four years from the end of the chargeable period to which the claim relates.

Revenue are providing the facility to register your right before 31st December 2017 to a repayment, in case it should be successful for the year 2013.  This will protect your right and will be actioned by Revenue if the appeal is not successful next year.

I am in the process of writing to all my clients who had rental income at that time.

If I do not get to you first, then please let me know the amount of NPPR you paid on your rental property in 2013 and I will register your claim.  The deadline for this claim is 31st December 2017 but please do not leave it until then!

If you have any questions about this then please contact me.

Cliff Kirker will be speaking on Capital Acquisitions Tax at the CPD Conference of the Association of International Accountants in the Camden Court Hotel on 6th December 2016.  Further details at AIA CPD Conference.

.

This affects your favourite charity, your club, your sports group and the list goes on.  There are two cut-off dates of 31st August 2016 and 30th November 2016 for limited companies to change (convert) to one of the new company formats under the Companies Act 2014.  This applies to ALL limited companies, both trading companies and those charities, clubs or sports groups who are set up as limited companies.

This is not something that can be done in five minutes.  A Special Resolution needs to be submitted to the Companies Registration Office (CRO) together with a new constitution for the company.  The CRO will then issue a new Certificate of Incorporation when the company is converted.

For charities there is an extra step.  Charities need to draft their new constitution and submit it to the charities section of Revenue for them to agree it.  This is a requirement for those charities who are able to reclaim tax on donations.  Then the constitution needs to be lodged with the CRO for the company to be converted.  If you leave it to the last minute then you will be caught in bottlenecks in Revenue and also in the CRO and may miss the deadline.

More information on these matters can be found at www.cro.ie/Conversions/Overview; www.cro.ie/Publications/Publications/Information-Leaflets leaflet No 31; http://www.charitiesregulatoryauthority.ie/

Deadline• Due date for self-assessed Income Tax and Capital Gains Tax returns for the year of assessment 2014.
• Due date for the payment of any balance of Income Tax for the tax year 2014, if inadequate preliminary tax was paid for 2014.
• Due date for the payment of Preliminary Income Tax (inclusive of USC) for the tax year 2015.
• Due date for the payment of Capital Acquisitions Tax and filing returns in respect of gifts and inheritances taken in the 12 month period ended on 31st August 2015.
• Due date for the payment and return of €200,000 Domicile Levy for 2014.
• Latest date for making contributions to a PRSA, an AVC or an RAC for the tax year 2014.

Some of the above dates are extended to 12th November 2015 if using ROS.

Other relevant dates:

1st November 2015:
Date on which residential property must be held in order to be liable for the 2016 Local Property Tax.

31st December 2015:
General deadline for qualifying work under the Home Renovation Incentive.
Claims for repayments of Income Tax for the year of assessment 2011 must be submitted by this date.

As usual if you have any questions about your tax then contact us.