Tax Returns

The last date for submission of your 2018 income tax return is 31 October 2019. If you want to claim for previously unclaimed reliefs and credits, Revenue operate a 4 year rule. Therefore, claims for 2015 must be made by 31 December 2019.

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Year End Accounts

What's your year end date? We can help you choose what's best for your business.

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PAYE Modernisation

PAYE Modernisation came into effect on January 1, 2019. This enables Revenue to ensure that employees are receiving their correct tax credits and cut-off points so that the correct deductions are being applied for every employee throughout the year when they are paid. Under the previous reporting system this was done through the preparation and filing of P35’s on an annual basis.

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Startup Refunds for Entrepreneurs (SURE)

A diesel rebate scheme was introduced with effect from 1 July 2013. This scheme provides for a repayment to qualifying road transport operators of part of the mineral oil tax paid on the auto-diesel purchased by them for use in the course of their business.

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Entrepreneur Relief

An individual may claim relief from capital gains tax (CGT) in respect of a chargeable gain arising on the disposal of qualifying business assets. There is a lifetime limit of €1 million on the gains made on or after 1 January 2016 that you can claim relief on. If you can claim this relief, you will pay CGT at the rate of 10% on gains on the disposal of the business assets. This is reduced from the normal rate of 33%.

Latest from Coughlan Carroll & Co

Startup Refunds for Entrepreneurs (SURE)

SURE is a tax relief that provides a refund of income tax that you paid in previous years. You can claim the relief if you ... Continue Reading →

Entrepreneur Relief

An individual may claim relief from capital gains tax (CGT) in respect of a chargeable gain arising on the disposal of qualifying business assets. There ... Continue Reading →

PAYE Modernisation

PAYE Modernisation came into effect on January 1, 2019. This enables Revenue to ensure that employees are receiving their correct tax credits and cut-off points ... Continue Reading →