Revenue announces extension to ROS Pay and File Tax deadline 2021

Income Tax Deadline. Personal Taxes. Tax Returns for individuals and Directors. Self Assessment. Sole Traders.

The Revenue Commissioners acknowledge the on-going tax compliance efforts by taxpayers and agents and in light of the current Covid-19 developments, the Pay and File deadline for ROS customers has been extended to Friday, 19th November at 5.00pm.  As you’re aware, if you earn income as a self-assessed individual, a sole trader, a proprietary Director, or even if you are an employee but generate income in addition to your PAYE employment, you must complete and submit an annual self-assessment tax return within the deadline, to avoid interest and penalties.

If, however, you don’t manage submit your Form 11 Tax Return within deadline, you will be liable to the following late filing surcharges:

• If you submit your return between 31st October and 31st December, late filing will incur a penalty of 5% of your total tax due, up to €12,695.
• If you submit your return after 31st December, the late filing penalty will increase to 10% of your total tax liability, up to €63,485.

For full information, please follow link: https://www.revenue.ie/en/tax-professionals/ebrief/2021/no-2112021.aspx

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.