The due date for the 2010 tax return hasn't changed - 31/10/2011
For the 2011 tax return the due date has changed to 30/09/2012
Sorry I put in that the 2011 return should be in by 2011, which of course was incorrect!My reading of the situation is that the 2010 return must be lodged on or before 31 October 2011. The 2011 tax return must be lodged on or before 30 September 2012. It also seesm to me that Preliminary Tax for 2011 must be paid on or before 30 September 2011. For this year it sounds a bit messy.
From Finance Act 2011:
66.—(1) The Principal Act is amended—
35 (a) in section 46(2A) by substituting ‘‘30 September’’ for ‘‘31
October’’ in each place,
(b) in section 51(2)(a) by substituting ‘‘1 October’’ for ‘‘1 November’’
in each place, and
(c) in section 53A(1) by substituting ‘‘30 September’’ for ‘‘31
40 October’’ in each place.
(2) This section applies to returns delivered and tax paid on or
after 21 January 2011.
the quotes you make relate to capital acquisitions tax not to income tax. I still contend that the 2010 f11 income tax should be lodged on or before 31 october 2011 notwithstanding the finance bill 2011 changes. Preliminary tax 2011 may well be due on or before 30 september 2011from finance act 2011:
66.—(1) the principal act is amended—
35 (a) in section 46(2a) by substituting ‘‘30 september’’ for ‘‘31
october’’ in each place,
(b) in section 51(2)(a) by substituting ‘‘1 october’’ for ‘‘1 november’’
in each place, and
(c) in section 53a(1) by substituting ‘‘30 september’’ for ‘‘31
40 october’’ in each place.
(2) this section applies to returns delivered and tax paid on or
after 21 january 2011.
I can't see this measure ever becoming a reality - regardless of whether it is passed into law next week. It simply isn't practical to unilaterally shave a month off the tax return season, unless there are radical changes to tax administration in the meantime (including simplification of the tax system, tax return content and format etc). Its impossible to imagine how such radical changes can be introduced at such short notice and without prior consultation with affected taxpayers and their filing agents.
Why isn't it practical? I can't see how it's going to make all that much difference to anybody.
And for many/most accountants it saves the headache of having the income tax deadline and the CRO deadline for companies with a y/e of 31-Dec falling due within a couple of days of each other.
Pay & File Date Change
The Irish Taxation Institute said the pay and file dates for self assessment taxpayers are being brought forward from 31 October to 30 September. This applies to payments of income tax and return filing dates for income tax, capital gains tax and CAT and is likely to affect upward of 600,000 taxpayers.
Institute President Andrew Cullen said the change was not good news for Irish businesses in terms of cash flow and that those already experiencing cash flow difficulties would be placed under greater pressure with the earlier filing date. He also said that the increased pressure on the tax profession and the tax administration could not be underestimated.
Why isn't it practical? I can't see how it's going to make all that much difference to anybody.
And for many/most accountants it saves the headache of having the income tax deadline and the CRO deadline for companies with a y/e of 31-Dec falling due within a couple of days of each other.
After 15 years working in practice I would have to disagree with Mr Cullen
I wouldn't have thought filing a return 9 months after the end of a tax year could put increased pressure on the tax profession.
It's a shorter deadline for filing a CT return (8 mths 21 days) and nobody complains about that
Maybe I'm wrong though
Mr Lowry said that the Government also agreed not to bring forward the pay and file deadline of 30 September.
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