2016 Personal Income Tax Return
Are you self employed , a landlord , a company director or in receipt of other income during 2016 ? If so, your 2016 Personal Income Tax Return must be submitted to the Inspector of Taxes by 31st October 2017. If you pay and file Online using ROS the filing date is extended to 10th November 2017. The Return is a statement of all your income and capital gains for year ended 31st December 2016. The following payments must also be made by 31st October 2017 or ROS filers by 10th November 2017.
1. Payment of any balance of Income Tax due for the 2016 tax year.
2. Payment of Preliminary Income Tax for the 2017 tax year.
By completing a Tax Return you may be in line for a Tax Refund if you have not claimed all your entitlements. Have you claimed all your medical and dental expenses? Have you claimed all your mortgage interest relief on your home and on your investment properties? Have you claimed credit for Tuition Fees paid to Third Level Colleges? There are many other credits and allowances that you may be entitled to and we can carry out a full review of these.
2016 Personal Tax Return Checklist
In order to assist us to complete what is a very comprehensive and detailed Tax Return on your behalf, and also to calculate the various taxes due as mentioned above, please complete the 2016 Personal Tax Return Checklist which can be downloaded here and return it to us together with the relevant information. Please wait until you have all the information and documentation together before you return it to us as this will help in processing your Tax Return more efficiently. As the Income Tax Return and payments must be filed and paid Online by 10th November 2017, we would appreciate if you would forward all documentation to us at your earliest convenience or by the 30th September 2017 at the very latest.
Capital Gains Tax
Payment of any Capital Gains Tax due for capital gains made in the period 1st January 2016 to 30th November 2017 is payable by 15th December 2017. Payment of any Capital Gains Tax due for capital gains made in December 2017 is payable by 31st January 2018. If you require our assistance in relation to any of these matters please contact us here