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 Mon 15 of Aug, 2016
Revenue eBrief No. 75/16: Extension of filing deadline for iXBRL Financial Statements

Revenue has agreed to implement a change in the filing deadline for iXBRL financial statement returns. Tax and Duty Manual Part 41a-03-01 (PDF,954KB) has been amended accordingly.

The effect of the change is as follows:

  • The concessional 21 day extension will be increased, until further notice, to 3 months in respect of all iXBRL returns received by Revenue for any accounting periods ending on 1st December 2015 or later.

  • The strict due date of the iXBRL return will remain unchanged, i.e. it will be due on the same date as the associated Form CT1.

The 3 month filing extension for iXBRL returns will apply from the due date of the Form CT1.

  • If the iXBRL return is filed later than 3 months after the CT1 due date, a late filing surcharge of 10% will apply. There will be no 5% rate because the time period for application of that rate will have already passed.

  • It should be noted that the 21 day concession continues to apply to iXBRL returns submitted where the accounting period ends on 30th November 2015 or earlier.

Practitioners and filers should note that the due date for filing Form CT1 is not affected by the above mentioned extension. Accordingly, to ensure that surcharges were not incurred, Forms CT1 should have been filed on or before the appropriate due date. The iXBRL filing extension will not change existing practice whereby repayments are held pending receipt of the iXBRL return.

Queries regarding this matter can be referred to Revenue’s dedicated helpdesk for iXBRL matters at iXBRL at revenue.ie or to the relevant local Revenue Office.
Published on Mon 15 of Aug, 2016
Revenue eBrief No. 74/16: Regional 1890 Business Taxes Phone Numbers

In recent months, Revenue introduced Regional 1890 numbers to provide a single point of contact in each Region for agents and customers to direct their Business Taxes queries.

The Business Taxes 1890 service is available from 9:30 am to 4:00 pm, Monday to Friday, and the numbers are as follows:

RegionBusiness Taxes Number
Border Midlands West Region1890 216 216
Dublin Region1890 236 336
East and South East Region1890 240 424
South West Region1890 368 378

Business customers who wish to do business through the Irish language should ring the relevant 1890 number and select option 9.
Published on Thu 28 of Jul, 2016
Revenue eBrief No. 70/16: Payment of Local Property Tax by Direct Debit

Tax Practitioners and Financial Advisors are advised that Revenue has published a new Tax and Duty Manual (PDF, 2.1MB) on the payment of Local Property Tax by direct debit. It outlines the procedures to follow when creating, amending and cancelling SEPA Monthly Direct Debit Instructions for the payment of Local Property Tax.

All Direct Debit customers and their tax agents have the facility to self-manage SEPA Monthly Direct Debit payments for Local Property Tax by logging onto www.revenue.ie and selecting the LPT link. Customers and their agents will need the PPSN, Property ID and PIN. Customers and agents experiencing difficulties in setting up or managing a Direct Debit Instruction should contact the Direct Debit Helpline on 1890 338 448 (from outside the Republic of Ireland +353 1 702 3039).

The advantages to a customer who chooses to pay Local Property Tax by SEPA Monthly Direct Debit include:

  • Spreading payments over a twelve-month period
  • Avoiding a substantial once-off payment

Published on Thu 28 of Jul, 2016
Revenue eBrief No. 71/16: Amendment to eTC Guidelines & Procedures

The Electronic Tax Clearance (eTC) Guidelines & Procedures Manual (PDF, 410KB) has been amended for the following:

  1. To take account of changes made to the appeals process as a result of the introduction of the Tax Appeals Commission. All appeals made in relation to the refusal to grant a tax clearance certificate must be made directly to the Tax Appeals Commission.

  1. To include, at Appendix 10, a sample of a verification letter to be used to enable applicants doing business outside of the State to prove their tax clearance status.

Published on Wed 27 of Jul, 2016
Revenue eBrief No. 69/16: On-Line Payment of Attachment Amounts

ROS and MyAccount can now facilitate on-line payments for Attachment amounts. The Attachment Tax and Duty Manual (PDF, 507KB) has been updated to demonstrate how payments should be forwarded to Revenue.

Full details are available in Appendix 8 of the Attachment Manual.
Published on Thu 21 of Jul, 2016
Revenue eBrief No. 68/16: Submission of Supporting Documentation for VAT Registration Applications

Arising from recent discussions with tax practitioners on the processing of VAT registration applications, Revenue has enhanced the "MyEnquiries" online service on www.ros.ie to enable supporting documentation to be uploaded at the time that a VAT registration application is submitted. It is intended that this facility will reduce the frequency of follow-up requests for supporting documentation, and will enhance the efficiency of the VAT registration process.

Supporting documentation, where appropriate, can be uploaded via "MyEnquiries" at the time of application by selecting Tax Registration/Cancellation – VAT Supporting Documentation.
Published on Mon 18 of Jul, 2016
Revenue eBrief No. 67/16: Updated version of Form 46G Return Tool (spreadsheet) for Third Party Returns

An updated version of the MS ExcelForm 46G Return Tool (spreadsheet) (MS Excel, 704KB) has been released and can now be accessed on the Revenue website at:

  1. Taxes & Duties – Corporation Tax – Forms, or
  2. Taxes & Duties – Income Tax – Forms – Third Party Return Forms

The spreadsheet can be used by traders, professionals, other individuals and companies carrying on a business, as well as non-trading/non-profit making organisations and bodies of persons, to make third party returns of specified payments.

It can be used for both Corporation Tax and Income Tax purposes by simply selecting the CT or IT taxhead from the drop down box. It can be completed for 2012, 2013, 2014 and 2015 years of assessment and for accounting periods ending in 2012, 2013, 2014, 2015 and 2016.It can also be completed in Irish or English by selecting the relevant language from the drop down box.

Once completed, an xml file is created by clicking the Export button on the spreadsheet. This xml file is then uploaded to ROS using the existing "upload a file created offline" mechanism.

Detailed instructions for completion and uploading can be found on the "instructions tab" on the spreadsheet and any queries relating to the completion or uploading may be sent to the dedicated email address 46gspreadsheet at revenue.ie.
Published on Tue 05 of Jul, 2016
Revenue eBrief No. 63/16: VAT: Management of Special Investment Funds

The purpose of this eBrief is to advise that 2 new VAT manuals have been created to provide guidance in respect of:

  • Revenue's position on the "management of special investment funds" following the decision of the CJEU in GfBk (Case C-275/11).
Part 05-74 (PDF, 106KB) of the VAT Manual sets out Revenue's position on the "management of special investment funds" following the decision of the Court of Justice of the European Union in GfBk (Case C-275/11)

  • The VAT treatment of management services supplied in relation to Self-Directed Life Assurance Bonds and equivalent products.
Part 05-75 (PDF, 107KB) of the VAT Manual provides guidance on the updated VAT treatment applicable to management services supplied in relation to Self Directed Life Assurance Bonds and equivalent products.

Published on Thu 30 of Jun, 2016
Revenue eBrief No. 61/16: How to Protect your Business from Becoming Involved in VAT fraud

Part 16-06 (PDF, 82KB) of the VAT Tax and Duty Manual has been amended following the insertion of section 108D (Cancellation of a registration number - special provisions for notification and publication) to the VAT Consolidation Act 2010, by the Finance Act 2015.
Published on Fri 17 of Jun, 2016
Revenue eBrief No. 59/16: Guidelines for Sheriff Enforcement

The following amendments have been made to the Tax and Duty Manual: Guidelines for Sheriff Enforcement (PDF, 247KB).

Paragraph 10 - Sheriff Time Limits - This paragraph has been amended to reflect a change in the time available to a Sheriff to collect any of the amount owing on a warrant issued by Revenue. The period has been reduced from six months to three months.

Appendix 6 - Sheriff Contacts updated
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