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Tax Planning for M&A Transactions
When making an acquisition, disposing of a non-core business or going through a merger,
companies need to manage the tax risk associated with these activities. We can advise on the
deal structure so that the tax cost, tax risk and other tax implications of the transaction are
appropriately planned and managed. For more information, please contact Terry O’Driscoll on
(01) 792 8617 or Ronan MacNioclais on (01) 792 6006.
Pictured (l-r): Terry O’Driscoll, Ronan MacNioclais and Brídín Smith |
- Important financial dates
| Date |
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|
| |
SD |
Preliminary payment of stamp duty on financial cards for 2009 (date to be confirmed). |
| 12 |
VAT |
Filing of Intrastat return for November. |
| 14* |
IT |
Payment of PAYE/PRSI deductions for November. |
| |
DWT |
Due date for payment and filing of returns of withholding tax on dividends paid by companies in November. |
| 21* |
CT |
Company year-end 31 January 2009: Preliminary tax due, minimum 90% of total liability for the year.
Company year-end 31 March 2008: Payment of balance of corporation tax and filing of corporation tax return. |
| 28* |
CS |
Filing of Annual Returns dated 30 November 2008. |
| 31 |
CT |
Company year-end 30 June 2007: Close companies with undistributed profi ts may have to make a distribution by this date to avoid surcharge.
Company year-end 31 March 2008: Filing of “Return of third party information” (Form 46G). |
| |
CS |
Company year-end 31 March 2008: Final date for holding Annual General Meeting and latest possible Annual Return date for 2008. |
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IT |
Last date for personal contributions to permanent health insurance (PHI) plans. Also last date for current year personal contributions to pension plans. |
Abbreviations: CAT - Capital Acquisitions Tax, CGT - Capital Gains Tax, CS - Company Secretarial, CT - Corporation Tax, DWT - Dividend Withholding Tax, IT - Income Tax and PAYE/PRSI, Pens - Pensions, SD - Stamp Duty, VAT - Value Added Tax
*As this date falls on a weekend, it is advisable to take action on the immediately preceding working day. |
- Planning considerations
- Consider delaying disposals giving rise to large capital gains until after
31 December in order to defer payment of tax. If you have realised
gains, consider crystallising losses.
- As it is no longer possible for retiring employees to make ‘last minute’
Additional Voluntary Contributions, consider maximising your annual
personal contributions to pensions for each tax year.
- Review your medical expenses for 2008. If they are not recoverable
from your health insurer, they may qualify for income tax relief.
- Remember, you can now claim medical expenses without having to
claim the Dependent Relative Allowance.
- If you exercise share options, income tax must be paid within 30 days
of the date of exercise.
- Claims for repayment of tax for the 2004 tax year must be lodged
with Revenue by 31 December 2008 as the time limit for claiming a
repayment is four years from the end of the relevant tax year.
- Do you have a site that you would like to transfer to a child for them
to build a home on? A parent can transfer a site (subject to size and
value conditions) to their child to build on without giving rise to stamp
duty for the child or capital gains tax for the parent.
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