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Corporate Finance
Our Corporate Finance team offers clients strategic advice and support across the full range
of corporate finance services including: acquisitions; divestments; management buy-outs;
management buy-ins; mergers; private equity transactions; project fi nance; stock exchange
listings and capital raisings; strategic options analysis; and valuations. For more information,
please contact Aidan Walsh on (01) 792 6255 or David Tynan on (01) 792 6582.
Pictured (l-r): Aidan Walsh and David Tynan |
- Important financial dates
| Date |
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| 14 |
IT |
Payment of PAYE/PRSI deductions for March. |
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DWT |
Due date for payment and filing of returns of withholding tax on dividends paid by companies in March. |
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VAT |
Filing of Intrastat return for March. |
| 21 |
CT |
Company year-end 31 May 2008: Preliminary tax due, minimum 90% of total liability for the year.
Company year-end 31 July 2007: Payment of balance of corporation tax and filing of corporation tax return. |
| 28 |
CS |
Filing of Annual Returns dated 31 March 2008. |
| 30 |
CT |
Company year-end 31 October 2006: Close companies with undistributed profi ts may have to make a distribution by this date to avoid surcharge.
Company year-end 31 July 2007: Filing of “Return of third party information” (Form 46G). |
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CS |
Company year-end 31 July 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 March. |
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CAT |
Payment of annual 1% Discretionary Trust Tax. |
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SD |
Filing of Insurance Premium Tax return and payment of duty for quarter ended 31 March 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 paying your preliminary income tax by direct debit. For the
first year of the arrangement you must make your preliminary income
tax payment in three equal instalments. For the following year, you
may pay in eight equal instalments. If this is your second year, the
fi nal deadline is 31 May 2008.
- Consider investing in a Business Expansion Scheme (BES) - annual
limit from 1 January 2008 is €150,000. For PAYE taxpayers it may
be possible to obtain BES relief for up to six years prior to the year
of investment (Seed Capital Relief) where additional requirements are
met. Annual limit for Seed Capital Relief is €100,000.
- If you leave your occupational pension scheme within two years of
joining, you may be entitled to a refund of contributions; the income
tax charge on the refund is at the standard rate (20%). There is an
exemption from this tax if the trustees transfer the contributions to
your Personal Retirement Savings Account (PRSA).
- If you have a bond in place pursuant to Section 43(3) of the
Companies (Amendment) (No.2) Act, 1999 (where there is no Irish
resident director), ensure that you make an application to have it
renewed on time.
- Have you considered renting out a room in your home? If you rent
out a room as residential accommodation to an unconnected person,
no tax is payable where the gross rental income does not exceed
€10,000 per annum. Your mortgage interest relief, stamp duty relief
claimed on purchase (if applicable) and capital gains tax exemption
on the sale of your home will not be affected.
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