2008 Calendar - March

Business & Wealth Services

Our Business and Wealth Services practice supports individuals and privately owned companies in addressing key commercial and strategic challenges. We provide professional advice in wealth protection and management, succession planning, managing property assets, financing future growth and shareholder needs. To arrange an introductory meeting, please contact Teresa McColgan on (01) 792 8613 or Dermot Reilly on (01) 792 8605.

Pictured (l-r): Timothy O’Rahilly, Teresa Harrington and Teresa McColgan

Important financial dates

Date
14	IT	Payment of PAYE/PRSI deductions for February.
	DWT	Due date for payment and filing of returns of withholding tax on dividends paid by companies in February.
	VAT	Filing of Intrastat return for February.
19	VAT	Payment of January-February VAT liability and filing of related VAT return.
21*	CT	Company year-end 30 April 2008: Preliminary tax due, minimum 90% of total liability for the year. Company year-end 30 June 2007: Payment of balance of corporation tax and filing of corporation tax return.
27	CS	Filing of Annual Returns dated 28 February 2008.
31	CT	Company year-end 30 September 2006: Close companies with undistributed profits may have to make a distribution by this date to avoid surcharge. Company year-end 30 June 2007: Filing of “Return of third party information” (Form 46G). Filing of Form S02 in respect of all grants of share options, or options exercised by employees, in the tax year 2007.
	CS	Company year-end 30 June 2007: Final date for holding Annual General Meeting and latest possible Annual Return date for 2008.
	IT	Last date for spouses to elect for separate assessment for income tax purposes in respect of 2008, or for joint assessment where a separate assessment election exists.
	CGT	Last date for spouses to elect for separate assessment for capital gains tax purposes in respect of 2007, or for joint assessment where a separate assessment election exists. Last date on which a spouse may elect not to offset capital losses accruing in 2007 against chargeable gains accruing to the other spouse.
	Pens	Last date for payment, by scheme trustees, of Pensions Board fees 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
- Contributions towards occupational pension schemes, Personal Retirement Savings Accounts (PRSAs) and Retirement Annuity Contracts (RACs) save tax and, where deducted from payroll, reduce employee and employer PRSI.
- If your pension scheme has at least 50 members, any member may be entitled to representation on the board of trustees. Have you considered taking out insurance against non-routine dental expenses? Tax relief is available at the standard rate (20%) on premiums paid.
- Trustees of a company pension scheme must provide members with certain up to date information about their pension benefi ts on an annual basis.
- Pension scheme trustees are now subject to on-the-spot fines for failure to comply with certain pension regulations.

Of further interest

Business and Wealth Services

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