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Bookkeepers Ireland News

News and Information for Bookkeepers on Bookkeeping and related topics such as tax, computers and payroll
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Published on Thu 27 of Apr, 2017
Revenue eBrief No. 39/17: Corporation Tax (CT1) Returns for 2016 and 2017, Forms 46G (Company)

Release of Form CT1 for accounting periods ending in 2017

The Corporation Tax Return for accounting periods ending in 2017 is available since April 3rd, for filing through ROS online and ROS offline.

Tax and Duty Manual Part 38-02-12 (PDF, 473KB) has been updated to include reference to the main changes to the 2017 CT1 return.

Release of revised Form CT1 for accounting periods ending in 2016

A revised version of the Corporation Tax Return for accounting periods ending in 2016 is available since April 3rd.

Tax and Duty Manual Part 38-02-1 2 (PDF, 473KB) has also been updated to include reference to the main changes to the 2016 CT1 return.
Form 46G (Company) for accounting periods ending in 2017 and 46G Spreadsheet

The ROS online and ROS offline Form 46G (Company) for 2017 is available since April 3rd.

An updated version of the MS Excel 46G Return Tool (XLS, 707KB) (spreadsheet) is now available directly from www.revenue.ie. This will cater for accounting periods ending in 2017 and for the 2016 year of assessment.

ROS Registration changes

From June, the ROS registration process will be updated; which will include security questions as a means of authenticating ROS users. This is in line with current standard security best practice. Introducing security questions will streamline and speed up the process for retrieving lost and expired ROS certificates and forgotten passwords.

There will be ongoing communication updates on these changes available on www.revenue.ie (on the ROS login page ).
Published on Tue 25 of Apr, 2017
ROS - Extension of Pay & File Deadline for ROS Customers for 2017

Today, 25 April 2017, Revenue announced an extension to the ROS return filing and tax payment date for certain self-assessment Income Tax customers and for customers liable to Capital Acquisitions Tax (CAT).

For customers who file the 2016 Form 11 return and make the appropriate payment through ROS for:

  • Preliminary Tax for 2017,
  • Income Tax balance due for 2016,

the due date is extended to Tuesday, 14th November 2017.

For beneficiaries who received gifts or inheritances with valuation dates in the year ended 31st August 2017 who make a CAT return and the appropriate payment through ROS, the due date is also extended to Tuesday, 14th November 2017.

To qualify for the extension, customers must both pay and file through ROS. Where only one of these actions is completed through ROS, the extension does not apply and the required date to submit both returns and payments is no later than 31st October 2017.

Additionally, for PAYE customers who are required by Revenue to file a Form 12 for 2016 and who opt to use the ‘e’ version, the due date is also extended to Tuesday, 14th November 2017.

Published on Wed 19 of Apr, 2017
Revenue eBrief No. 35/17: Revenue Technical Service (RTS) for Agents and Taxpayers

Tax and Duty Manual Part 37-00-00a (PDF, 692KB), has been updated to incorporate the information contained in the “RTS Guidelines” document. The manual now contains comprehensive information regarding the operation and governance of the RTS. New/updated areas include the following:

  • A new query submission form – Form RTS 1A
  • Duration of opinions
  • Updated details for Queries Management Officers (QMOs)
  • Exchange of information requirements

Published on Thu 13 of Apr, 2017
Section 900 Taxes Consolidation Act 1997 - Power to call for the production of books, information etc.

Tax and Duty Manual Part 38-04-04 is now being published in separate parts in the Powers folder, each part dealing with a relevant section of the Act. The first of these, Part 38-04-04-a , (PDF, 523 KB), deals with Section 900, which relates to the power to call for the production of books, information etc.

This power is for use where the authorised officer has formed an opinion that the taxpayer has relevant books, records or other documents, as defined, or is in a position to supply information, explanations or particulars, relevant to the establishment of his or her tax liability but fails to produce them on being requested to do so.

The power is in relation to books, records and other relevant documents not including Returns required to be delivered under other provisions of the Acts.
Published on Mon 03 of Apr, 2017
Revenue eBrief No. 29/17: PAYE Modernisation – Report on Public Consultation Process

Following the 2017 Budget Day announcement by the Minister for Finance, Revenue launched a public consultation process to afford stakeholders the opportunity to contribute to the modernisation of the PAYE system.

By the closing date of 12 December 2016, 77 responses were received from accountants, tax practitioners, employers, individuals, representative bodies, payroll agents and payroll software developers. Revenue’s initial response to the issues raised is outlined in the Report on the Public Consultation Process (PDF, 554 KB)

Revenue would like to thank those who responded and recognises the time and effort that went into the comments and contributions received.
Published on Fri 03 of Mar, 2017
Revenue eBrief No. 23/17: Code of Practice for Revenue Audit and other Compliance Interventions

The Code of Practice for Revenue Audit and other Compliance Interventions (2.41MB) has now been updated and is available on the Revenue website under Tax Practitioners, Codes of Practice.

This Code of Practice for Revenue Audit and other Compliance Interventions is effective from 22 February 2017 as regards all compliance interventions that are notified on or after that day.

As regards Compliance Interventions, notice of which has been given, but which had not been settled before the 22 February 2017, the taxpayer may choose whether the settlement is made under the terms of this Code of Practice or the Code of Practice for Revenue Audit and other Compliance Interventions published on 20th November 2015.
Published on Tue 28 of Feb, 2017
Audio Podcast - Summary of February 2017 Revenue Commissioners eBriefs

Link to Audio:
coming soon

Links to full text details on Bookkeepers Ireland website:
Revenue eBrief No. 11/17 : Average Market Mid-Closing Exchange Rates v Euro
Revenue eBrief No. 12/17: Revenue Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings
Revenue eBrief No. 13/17: PAYE - Exclusion Orders
Revenue eBrief No. 14/17: Taxation of Paternity Benefit
Revenue eBrief No. 15/17: Deduction for income earned in certain foreign states (Foreign Earnings Deduction)
Revenue eBrief No. 16/17: Revenue Technical Service - Solicitor Access to the MyEnquiries online contact facility
Revenue eBrief No. 18/17: Updates to the Electronic Relevant Contracts Tax (eRCT) System
Revenue eBrief No. 21/17: Opticians in employment

Other:
Important Notice for PAYE Customers: Enhancement of Revenue Commissioners PAYE Services in myAccount

Published on Fri 17 of Feb, 2017
Revenue eBrief No. 21/17: Opticians in employment

Tax and Duty Manual Part 05-02-07 (78KB) sets out the types of payments, made by optometrists and dispensing opticians in employment, which can be allowed as an expense deduction under section 114 of the Taxes Consolidation Act 1997.

The Manual has been updated to reflect the fact that responsibility for the registration of such persons transferred to the Optical Registration Board at CORU (Ireland’s multi-profession health regulator) with effect from 31 October 2015.
Published on Fri 17 of Feb, 2017
Revenue eBrief No. 18/17: Updates to the Electronic Relevant Contracts Tax (eRCT) System

Tax & Duty Manual pdfPart 18-02-11 (133KB) (Electronic Relevant Contracts Tax System) has been revised to take into account updates and enhancements to the eRCT system. The updates, which came into effect from December 2016 are outlined below.

Look up Payment Notifications

RCT Principals and Subcontractors (and their Agents) can look up payments paid or received for any selected 12 month period. Users in ROS have the ability to download the list of payments extracted in an Excel spreadsheet (in CSV format). Any cancelled payments will not be retrieved in the 'look up'.

Closed Contracts - Unreported Payments

Up to end-November 2016, a Principal was able to input Payments/Post Payments and Unreported Payments up to 9 months after the end date of the contract. Since December 2016 it is possible to input Unreported Payments on a closed contract up to 18 months after the end-date of the contract. There is the added benefit that users can see contracts which were closed up to 18 months previous; in case they need to be re-opened.

eReg RCT Registration

When registering for RCT as a sub-contractor on eRegistration, the applicant (or his or her Agent) will be advised that:

  • the subcontractor has been given an initial 20% deduction rate for RCT, and
  • if the subcontractor requires to review this rate, s/he can navigate to the 'Look-Up/Review Deduction Rate' page which can be accessed from the eRCT home page in ROS.

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