Mon, Jan 11, 2010
Practitioners and taxpayers must ensure that businesses caught under mandatory eFiling are ready to pay and file through ROS for the first return affected - the December P30 return which is due by 14 January.
Readers will be aware that from 1 January 2010, mandatory eFiling commenced for a company which is required under any provision of the Companies Acts to append audited accounts to its annual return.
S.I. No. 341 of 2008 gives effect to 917EA TCA 1997 which provides that all taxes for which the ROS regime operates must be paid and filed online. Therefore not only must the main Corporation Tax liability be paid and filed online, but all taxes for which the company is registered for with Revenue.
Failure to pay and file electronically will result in a penalty of €1,520.
Previous Tax News bulletins on mandatory eFiling are available by clicking the following links:
Chartered Accountants Tax News - 30 November
http://www.charteredaccountants.ie/General/News-and-Events/News1/2009/November/Electronic-Filing-Regulations---1-January-2010/
Chartered Accountants Tax News - 14 December
http://www.charteredaccountants.ie/General/News-and-Events/News1/2009/December/Electronic-Filing-Regulations---1-January-20101/