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Income Tax Deadline 2016

PSC Accountants & AdvisorsFeatured Income Tax Deadline 2016

Income Tax Deadline 2016

Have you filed your income tax return? If not, help is at hand here at PSC. Just pick up the phone (066) 7126333.

Further details regarding filing dates are outlined below.

Under Self-Assessment there is a common date for the payment of tax and filing of tax returns, this is known as the ‘Pay and File’ system. The deadline for paying tax and filing returns is 31 October, however, by using Revenue Online Service (ROS) you will have more time as you can avail of an extended deadline, see below.

Under the ‘Pay and File’ system you must do the following:

  • Make your tax return for the previous tax year, including a self assessment of your tax due for that year,
  • pay the balance of any tax due for the previous year, and
  • pay Preliminary Tax for the current tax year.

 

Extended Deadline for ROS customers

For customers who file the 2015 Form 11 return and make the appropriate payment through ROS for:

  • Preliminary Tax for 2016,
  • Income Tax balance due for 2015,

the due date is extended to Thursday, 10th November 2016

For beneficiaries who received gifts or inheritances with valuation dates in the year ended 31st August 2016 who make a CAT return and the appropriate payment through ROS, the due date is also extended to Thursday, 10th November 2016.

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 2016.

Additionally, for PAYE customers who are required by Revenue to file a Form 12 for 2015 and who opt to use the ‘e’ version, the due date is also extended to Thursday, 10th November 2016.

Should you have any questions or concerns just pick up the phone (066 -7126333) and we can assist you or alternatively email us at info@psc.ie