TAX DEADLINES

PAYE/PRSI
Form P.30 and relevant payment	due 14th of following month
e.g. April 2006	due 14th May 2006
VAT
Forms VAT3 and the relevant payment	due 19th of month following the bi-monthly period
e.g. March/April 2006 return and payment	due 19th May 2006
CORPORATION TAX
1st instalment of Preliminary Tax	due up to 1 month 10 days before end of accounting year
e.g. year ended 31st Dec. 2006	due 21st November 2006
2nd instalment of Preliminary Tax	due up to 5 months and 21 days after end of accounting year
e.g. year ended 31st Dec. 2006	due 21st June 2007
Return form	due up to 8 months 21 days after company year end
e.g. year ended 31st Dec. 2006	due 21st September 2007

INCOME TAX

For tax years 2001 onwards:
Return form	due 31st October following the end of the tax year
e.g. return form for 2005	due 31st October 2006
Preliminary tax	due 31st October in the tax year
e.g. preliminary tax for 2006	due 31st October 2006
Balance of tax	due 31st October following the end of the tax year
e.g. balance of tax for 2005	due 31st October 2006

CAPITAL GAINS TAX - NEW RULES
For tax years 2003 onwards:
Capital Gains Tax
Where gain arises before 1st October in any one year	The CGT is payable by the 31st October of that year
e.g. If a gain arises during the period from 1st January 2006 to 30th Sept 2006	The CGT is payable by the 31st October 2006
Where the gain arises in the period 1st October to 31st December	The CGT is payable by the 31st January of the following year
e.g. If the gain arises during the period from 1st October 2006 to 31st December 2006	The CGT is payable by the 31st January 2007

OSK Contracting provide quality and professional business advice to indigenous Irish businesses. Our clients include government bodies; multi-national groups; PLCs; SMEs and sole traders but we specialise in progressive indigenous Irish family owned businesses.

Reprinted with kind permission by OSK Contracting www.osk.ie

Phone: 01 439 4200 East Point Plaza East Point Dublin 3

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