Good news for Businesses: Reduced Frequency of Filing Tax Returns and Payments


There is some good news for some businesses with regard to the filing of tax returns. Reductions in the filing and payment frequencies for VAT, PAYE/PRSI and RCT by smaller businesses are being extended to eligible customers from 1st January 2014.

What are the benefits to eligible businesses?

How will these changes be implemented?

Revenue will shortly write to each eligible business confirming that reduced frequency of tax returns and tax payments will apply from 1st January 2014 and a copy of the letter will also be sent to the agent (other than PAYE/PRSI customers).

Revenue will automatically extend the reduced filing and payment frequencies to eligible businesses without the need for any action on your part.

Dylan Byrne is a Director of OSK. OSK are a leading provider of tax and accounting services – contact OSK today for more information.

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