Our aim is to help businesses grow, to increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on 021 4310266 or email us at pm@parfreymurphy.ie if you wish to do business with us
CHRISTMAS GREETINGS
Merry Christmas and a happy New Year from all of us at Parfrey Murphy. This year again we are making a donation to the Simon Community in lieu of sending Christmas cards.
So have a wonderful time with family and friends and we will see you all in 2019.
INCOME TAX REFUND 2014
As there is a four year limit on claiming Income Tax refunds, 31 December 2018 is the deadline date for filing your 2014 return if you are entitled to a refund. If you file your claim after that date you will not receive any refund.
In 2017 Revenue stated that refunds on tax credits totalled €27.6m. The average refund is about €900/€1,100.
It is opportune that you check your position for 2014 and subsequent years to ensure you receive your correct tax credits and allowances for items such as medical expenses, nursing home fees, tuition fees or flat rate expenses.
The following are the main items generally not claimed by taxpayers.
Employers can reward employees under the Small Benefits Exemption Scheme with a non-cash bonus of up to €500 per year completely tax free.
If guidelines are followed neither the employer nor the employee will pay PAYE, PRSI or USC with a potential saving of over €650.
To qualify for the tax exemption, only one tax-free bonus may be paid to each employee in any one year. If more than one bonus is given in a year, it is only the first one that will qualify for tax-free status, even if this bonus is less than the €500 annual allowance - any used allowance cannot be carried over
P30 Quarterly return and payment for October - December 2018
Deadline - 14 January 2019
PSWT
Return and payment for December 2018
Deadline - 14 January 2019
DWT
Return and payment for December 2018
Deadline 31 January 2019
CGT
Payment due on gains arising between 1 December 2018 to 31 December 2018 inclusive
Deadline - 19 January 2019
VAT
Annual VAT 3 return and payment for the period January - December 2018, together with the Return of Trading Details where the accounting period ends in December
Monthly VAT 3 return and payment for December 2018, together with the Return of Trading Details where the accounting period ends in December
Bi-Monthly VAT 3 return and payment for period November - December 2018 together with Return of Trading Details where the accounting period ends between the 1st November and the 31st December
4 Monthly VAT 3 return and payment for period September - December 2018 together with the Return of Trading Details where the accounting period ends between the 1st September and the 31st December
6 Monthly VAT 3 return and payment for period July - December 2018 together with the Return of Trading Details where the accounting period ends between the 1st July and the 31st December
Deadline - 20 January 2019
VAT MOSS
Quarterly return and payment for October - December 2018
Deadline - 23 January 2019
RCT
Return and payment for December 2018
Quarterly return and payment for October - December 2018
Deadline - 23 January 2019
VIES
Monthly return for December 2018
Quarterly return and payment for October - December 2018
Deadline - 1 January 2019
LPT
Commencement of phased payments.
Deadline - 10 January 2019
LPT
Deadline for paying in full, in one single payment or confirming that payment will be made in full by Single Debit Authority
Deadline - 15 January 2019
LPT
Commencement of monthly direct debits
Deadline - 1 - 21 January 2019
Corporation Tax
Preliminary Tax for accounting periods ending between 1-28 February 2019
First instalment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 July 2019
Returns for accounting periods ending between 1 - 30 April 2018
Pay balance of tax due on accounting periods ending between 1 - 30 April 2018
Returns of third party information for accounting periods ending between 1 - 30 April 2018
Where returns and payments for RCT, VAT, PAYE/PRSI and Corporation Tax are made electronically, the return and payment deadlines are the 23rd day of the month where relevant
As there is a four year limit on claiming Income Tax refunds, 31 December 2018 is the deadline date for filing your 2014 return if you are entitled to a refund. If you file your claim after that date you will not receive any refund.
