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Governance, Risk & Compliance
Get the benefits and minimise the cost. Complying with legislation and regulation alone is not
enough anymore – organisations, small and large, need to realise concrete benefits and do so
at optimum cost. We can help you do just that: integrating and optimising your governance,
risk, compliance and internal audit activities; installing robust, crisis-handling processes; using
technology effectively; and developing related internal audit and reporting processes. For more
information, please contact Bob Semple on (01) 792 6434.
Pictured (l-r): Yvonne McBain, Andy Banks and Bob Semple |
- Important financial dates
| Date |
|
|
| 12 |
VAT |
Filing of Intrastat return for August. |
| 14* |
IT |
Payment of PAYE/PRSI deductions for August. |
| |
DWT |
Due date for payment and filing of returns of withholding tax on dividends paid by companies in August. |
| 19 |
VAT |
Payment of July-August VAT liability and filing of related VAT return. |
| 21* |
CT |
Company year-end 31 October 2008: Preliminary tax due, minimum 90% of total liability for the year.
Company year-end 31 December 2007: Payment of balance of corporation tax and filing of corporation tax return. |
| 28* |
CS |
Filing of Annual Returns dated 31 August 2008. |
| 30 |
CT |
Company year-end 31 March 2007: Close companies with undistributed profits may have to make a distribution by this date to avoid surcharge.
Company year-end 31 December 2007: Filing of “Return of third party information” (Form 46G). |
| |
CS |
Company year-end 31 December 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
- Consider maximising tax relief on personal contributions to pension
schemes for tax year 2007. Premiums must be paid before 31
October 2008 and the election to have premiums set against 2007
relevant earnings (maximum €262,382 for year 2007) must also be
made before that date.
- The final deadline for paying your preliminary income tax by direct
debit for the fi rst time (i.e. in three equal monthly instalments) is 31
October 2008.
- Remember that for unincorporated businesses the return of payments
for services (other than to employees) is due by 31 October.
- Trustees of a company pension scheme must make their annual
report available to members not later than nine months after the
scheme’s year end.
- Did you know that tuition fees for undergraduate courses at approved
colleges and certain training courses in Ireland and other EU countries
qualify for tax relief at the standard rate?
- Pension contributions deducted from employees must be remitted
by employers for investment within 21 days after each month end.
Employer payments for Defi ned Contribution Schemes must also be
remitted.
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