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Acquisitions, Disposals & Stock Exchange Listings
Our Transaction Services practice can help you to identify the right deal, fi nance and structure it, assist with negotiations, perform acquisition or vendor due diligence as well as project manage the deal process. If your company plans to list on the Dublin, London, Frankfurt or New York Stock Exchanges, we can assist you throughout the whole flotation process. For more information, please contact Denis O’Connor on (01) 792 6288 or John Casey on (01) 792 6893.
Pictured (l-r): Denis O’Connor, Deirdre McGrath, Daniel Buckley and Orla Fisher |
- Important financial dates
| Date |
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| 14 |
IT |
Payment of PAYE/PRSI deductions for December 2007. |
| |
DWT |
Due date for payment and filing of returns of withholding tax on dividends paid by companies in December 2007. |
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VAT |
Filing of Intrastat return for December 2007. |
| 19 |
VAT |
Payment of November-December VAT liability and filing of related VAT return. |
| 21 |
CT |
Company year-end 28 February 2008: Preliminary tax due, minimum 90% of total liability for the year. Company year-end 30 April 2007: Payment of balance of corporation tax and filing of corporation tax return. |
| 28 |
CS |
Filing of Annual Returns dated 31 December 2007. |
| 30 |
SD |
Filing of Insurance Premium Tax return and payment of duty for quarter ended 31 December 2007. |
| 31 |
CT |
Company year-end 31 July 2006: Close companies with undistributed profits may have to make a distribution by this date to avoid surcharge.
Company year-end 30 April 2007: Filing of “Return of third party information” (Form 46G). |
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CS |
Company year-end 30 April 2007: Final date for holding Annual General Meeting and latest possible Annual Return date for 2008. |
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VAT |
Filing of VIES return for calendar quarter ending December 2007. |
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CGT |
Payment of capital gains tax on disposals from 1 October 2007 to 31 December 2007. |
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SD |
Filing of cash, combined and debit card returns and payment of duty for year ended 31 December 2007. |
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
- Employers: remember to include on the Form P30 for December 2007 any PAYE due on inward assignees who are paid from an overseas payroll.
- You should check that you are registered to file the Form P35 for 2007 via the Revenue Online Service (ROS).
- If you are due an income tax refund for 2007, your return should be completed as early as possible.
- Do you have a company car? You should estimate the mileage on your company car as accurately as possible, to avoid fluctuations in the monthly amounts subject to PAYE and PRSI.
- You may be entitled to a refund of PRSI/levy if you have made a lump sum contribution to your occupational pension scheme, other than by payroll deduction.
- Remember, if you exercise share options, income tax must be paid within 30 days of the date of exercise.
- Is an actuarial valuation required for your pension scheme? Actuarial valuations may need to be submitted to the Pensions Board approximately every three years.
- If you have recovered VAT on property (either commercial or residential) or if you are intending on entering into a property transaction in the furtherance of business you need to consider the impact of the new VAT on Property rules which take effect from 1 July
2008.
- You may be entitled to a refund of 0.5% Health contribution levy if you received a bonus in 2007 and your annual income was less than €100,100 in 2007.
- There is an overall limit on tax efficient pension schemes of €5.165m (or higher in limited circumstances). You should take advice if the value of your pension is likely to exceed the limit.
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