Five things you need to know about tax, 3 November 2017

Nov 02, 2017

Highlights this week include an extension to the ROS pay and file deadline, ROS downtime this coming Monday and practical guidance on stamp duty transitional measures.


  1. Due to the recent storms, Revenue has extended the ROS pay and file deadline to 16 November for both the 2016 Form 11 income tax return and the IT38 capital acquisitions tax return in respect of valuation dates in the year ended 31 August 2017. Read more details in Revenue eBrief No. 93/17.
  2. Revenue has scheduled ROS downtime on Monday 6 November from 6pm to 7pm in order to update the ROS Form 11 2016 return and payment screens to reflect the extended filing date. Revenue has asked us to advise that if your browser does not refresh after ROS is back online press ‘Ctrl’ + ‘F5’.
  3. Finance Bill 2017 introduced transitional measures which provide that stamp duty at the lower rate of 2 percent can apply to certain binding contracts involving non-residential property. As these measures will not become law until the Finance Bill is enacted, Revenue has issued guidance on filing a stamp duty return and paying the associated liability for these cases. Read more about this on our website.  



  4. Read HMRC’s monthly update on Making Tax Digital, the new Trusts Registration Service and the Take-Five Stop Fraud campaign.



  5. The European Commission has launched a consultation on the taxation of the digital economy and Chartered Accountants Ireland intends to respond to this consultation by the closing date of 3 January 2018.