This is an area that sometimes people fall down on and it is worth mentioning again and again.
Preliminary Tax 2012 is just as important as paying the tax due for the current year.
There are three options to calculating preliminary tax due;
The first option will probably be the most common option if the taxable income for the year has fallen considerably since the previous year.
If the third option is chosen you must set up a direct debit arrangement.
*In calculating option 2 above:
It is vital you pay the right amount of preliminary tax as failure to do so may attract interest penalties of 0.0219% per day.
Contact OSK today for more information on preliminary tax for Ireland.
A video message from Tadgh O'Sullivan, Director.
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