Thursday, October 1, 2009

File your Tax Returns before October 31st


Not meaning to depress you or anything, but this is the first day of October, which means the filing date for tax returns for 2008 - October 31st 2009 - is just around the corner. Seamus Keating has been in touch to remind us that his company can assist in meeting filing obligations using a comprehensive tax compliance and planning service.

Keating says to remember that, as an Irish resident, one is obliged to return all sources of income including both Irish and overseas property rental income even where there may be a net loss or where funds have not been remitted to Ireland.

Keating also reminds us that the new tax on ‘second properties’ (in Ireland) of €200 Euro per property was due to be paid by September 30th. There is another month to pay up before a penalty of 20 Euro per property per month becomes payable. Only 15% of people have paid the tax thus far so we can see a significant windfall accruing to Revenue once they start to delve into this issue in some detail. The easiest way to pay is at www.nppr.ie.

Many thanks to Seamus Keating for the updated information. Seamus is registered as a tax agent with both the Irish and UK authorities. He can look after filing tax returns whether you are an employee or self employed and look after the complete process regarding all aspects of income tax, capital gains and gift or inheritance tax.

For further information contact:

Seamus Keating Investments Limited
Fitzwilliam Hall, Fitzwilliam Place, Dublin 2

Phone: +353-1-6698569

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