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Corporate Performance Improvement
Cost reduction and business process improvement initiatives are continually on the agenda
for most organisations. We work with our clients to objectively review and challenge their cost
base, business processes and information systems. We help them to identify real process
improvement and cost reduction opportunities, and then assist them in realising the associated
savings. For more information, please contact Ciaran Kelly on (01) 792 6408 or
Garrett Cronin on (01) 792 8807.
Pictured (l-r): Pat Kelleher, Ciarán Kelly, Carol Kilduff and Garrett Cronin |
- Important financial dates
| Date |
|
|
| 14 |
IT |
Payment of PAYE/PRSI deductions for April. |
| |
DWT |
Due date for payment and filing of returns of withholding tax on dividends paid by companies in April. |
| |
VAT |
Filing of Intrastat return for April. |
| 19 |
VAT |
Payment of March-April VAT liability and filing of related VAT return. |
| 21 |
CT |
Company year-end 30 June 2008: Preliminary tax due, minimum 90% of total liability for the year.
Company year-end 31 August 2007: Payment of balance of corporation tax and filing of corporation tax return. |
| 28 |
CS |
Filing of Annual Returns dated 30 April 2007. |
| 31* |
CT |
Company year-end 30 November 2006: Close companies with undistributed profi ts may have to make a distribution by this date to avoid surcharge.
Company year-end 31 August 2007: Filing of “Return of third party information” (Form 46G). |
| |
CS |
Company year-end 31 August 2007: Final date for holding Annual General Meeting and latest possible Annual Return date for 2008. |
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
- Do you have adequate permanent health insurance? Tax relief is
available in respect of premiums, subject to a maximum of 10% of
total income for the year.
- Consider investment in property as a tax shelter. Some of these reliefs
are being phased out, so choose your investment wisely in order
to maximise your tax savings. The maximum annual relief available
to any taxpayer, from these schemes, has been reduced to 50% of
qualifying expenditure from January to July 2008.
- If you are retiring within the next three years, you may wish to contact
PwC about possible pension planning initiatives.
- Remember that Business Relief and Agricultural Relief can
substantially reduce a family’s gift or inheritance tax bill. As the
conditions attaching to these reliefs are complex, a review can often
lead to signifi cant tax savings.
- Have you incurred local VAT in other countries during 2007? If so, you
should consider fi ling a refund claim in those countries, but they must
be filed prior to 30 June 2008.
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