Tax deadlines October 2018

Helen Byrne, Senior Tax Manager at EY Ireland, outlines the relevant compliance dates for October and November.

RELEVANT COMPANY DATES

14 October 2018
Dividend withholding tax return filing and payment date (for distributions made in September 2018).

21 October 2018
Due date for payment of preliminary tax for companies with a financial year ended 30 November 2018. If this is paid using ROS, this date is extended to 23 October 2018.

Due date for payment of initial instalments of preliminary tax for companies (not “small” companies) with a financial year ended 30 April 2019. If this is paid using ROS, this date is extended to 23 October 2018.

23 October 2018
Last date for filing corporation tax return Form CT1 for companies with a financial year ending on 31 January 2018 if filed using ROS.

Due date for any balancing payment in respect of the same accounting period.

Loans advanced to participators in a close company in the year ended 31 January 2018 may need to be repaid by 23 October 2018 to avoid the assessment (on the company) of income tax thereon.

A concessional three-month filing extension for iXBRL financial statements (not Form CT1) may apply. For 31 October 2017 year ends, this should extend the iXBRL deadline to 23 October 2018.

31 October 2018
Last date for filing third-party payments return Form 46G for companies with a financial year ending on 31 January 2018.

Latest date for payment of dividends for the period ended 30 April 2017 to avoid Sections 440 and 441 TCA97 surcharges on investment, rental and professional services income arising in that period (close companies only).

Country-by-Country Reporting Notifications relating to the fiscal year ended 31 October 2018 must be made to Revenue no later than 31 October 2018 via ROS (where necessary).

14 November 2018
Dividend withholding tax return filing and payment date (for distributions made in October 2018).

21 November 2018
Due date for payment of preliminary tax for companies with a financial year ended 31 December 2018. If this is paid using ROS, this date is extended to 23 November 2018.

Due date for payment of initial instalments of preliminary tax for companies (not “small” companies) with a financial year ended 31 May 2019. If this is paid using ROS, this date is extended to 23 November 2018.

23 November 2018
Last date for filing corporation tax return Form CT1 for companies with a financial year ending on 28 February 2018 if filed using ROS.

Due date for any balancing payment in respect of the same accounting period.

Loans advanced to participators in a close company in the year ended 28 February 2018 may need to be repaid by 23 November 2018 to avoid the assessment (on the company) of income tax thereon.

A concessional three-month filing extension for iXBRL financial statements (not Form CT1) may apply. For 30 November 2017 year ends, this should extend the iXBRL deadline to 23 November 2018.

30 November 2018
Last date for filing third-party payments return Form 46G for companies with a financial year ending on 28 February 2018.

Latest date for the payment of dividends for the period ended 31 May 2017 to avoid Sections 440 and 441 TCA97 surcharges on investment, rental and professional services income arising in that period (close companies only).

Country-by-Country Reporting Notifications relating to the fiscal year ended 30 November 2018 must be made to Revenue no later than 30 November 2018 via ROS (where necessary).

PERSONAL TAXES

31 October 2018
Due date for payment of preliminary income tax (inclusive of the USC) for the tax year 2018 (assuming the ROS ‘pay and file’ 14 November 2018 extension is not availed of).

Due date by which self-assessed income tax and capital gains tax returns must be made for the year of assessment 2017 (see 14 November 2018 ROS ‘pay and file’ deadline extension).

Due date for payment of any balance of income tax for the tax year 2017, assuming adequate preliminary tax was paid for 2017.

Due date for payment and return of €200,000 Domicile Levy for 2017.

Latest date for making contributions to a PRSA, an AVC or an RAC for the tax year 2017 (subject to an extension to 14 November 2018 for ROS pay and filers).

14 November 2018
An extension of the income tax ‘pay and file’ date of 31 October 2018 to 14 November 2018 may be availed of if taxpayers submit their payment and file their tax return through ROS.

Extended due date for payment of capital acquisitions tax and filing of returns in respect of gifts and inheritances taken in the 12-month period ended 31 August 2018 (if done through ROS, otherwise 31 October 2018). 

GENERAL

5 October 2018
Under mandatory reporting rules, promoters of certain transactions may be required to submit quarterly ‘client lists’ in respect of disclosed transactions made available in the relevant quarter. Any quarterly returns for the period to 30 September are due on 5 October.

1 November 2018
Date on which residential property must be held in order to be liable for 2019 Local Property Tax.

Note: this article does not take account of any amendments proposed in Budget 2019 or Finance Bill 2018, both of which are expected to be published in December 2018.