Tax Compliance
To us, tax compliance means on-time filing and payment with Revenue. Non compliance will mean that Subcontractor C2 certificates and tax compliance certificates are not renewed on time. This has severe cash flow consequences for the taxpayer when customers either cannot pay or deduct RCT at 35%
Sole Traders/Self Assessed tax payersSelf assessed tax payers are required to make a preliminary IT payment on or before 31 October each year. As late payment of IT leads to interest being charged, it is important that self assessed tax payers have good book keeping systems to allow the early calculation of assessable amounts. If IT returns and accounts are not filed on time with the Revenue, late filing surcharges are imposed. We work with our clients to improve their book keeping system so that IT payments are paid on time and accounts and returns are filed by the due date.
Limited Companies
Limited Companies are required to make a preliminary CT payment on or before one month prior to year end and file their CT return 9 months after year end. As late CT payments will lead to interest charges, it is important that a company's accounting & forecasting process is sufficiently reliable to allow the early calculation of assessable profits and gains.
If company accounts and CT returns are not filed on time with the Revenue, late filing surcharges are also imposed.
We work with our clients to ensure their accounting & forecasting processes are reliable.
This helps to ensure CT payments are made on time and that accounts and CT returns are filed by the due date.
Our services
For more details on specific services that relate to taxation, go to:
• VAT compliance
