CT1 Query - Start Up Relief

kennyb3

Anyone know where to enter the ER PRSI paid for a year in order to reduce the CT bill on a CT1 return?

Or do you file with full tax showing and then write to them?

CIARAN_BOYLE

kennyb3 wrote: »

Anyone know where to enter the ER PRSI paid for a year in order to reduce the CT bill on a CT1 return?

Or do you file with full tax showing and then write to them?

ER PRSI is just another expense throw it in salaries and wages in the accounts extract.

kennyb3

CIARAN_BOYLE wrote: »

ER PRSI is just another expense throw it in salaries and wages in the accounts extract.

Would do that in normal situation but asking about 3 year start up relief for new companies.

It's limited to Prsi we paid in a particular year. Just not sure how to claim it on ct1 box (can't see it myself)

barneystinson

kennyb3 wrote: »

Would do that in normal situation but asking about 3 year start up relief for new companies.

It's limited to Prsi we paid in a particular year. Just not sure how to claim it on ct1 box (can't see it myself)

There is (or was!) a panel for it on the paper form - panel 9.6 (relief under s.486C)... should be in the online form there somewhere.

kennyb3

Cheers barney you think it would be under exempt profits menu - there is only an 'other' box I could put it in there or under deductions, reliefs & credits - but nothing.

So bit lost.

Looks like an e-mail to Revenue

kennyb3

http://www.revenue.ie/en/practitioner/tax-briefing/archive/2010/no-062010.html

Actually this suggests, sec 7, putting it in as other reliefs and putting note to what relief it is.

So have done that now.

Sunny Dayz

kennyb3 wrote: »

http://www.revenue.ie/en/practitioner/tax-briefing/archive/2010/no-062010.html

Actually this suggests, sec 7, putting it in as other reliefs and putting note to what relief it is.

So have done that now.

Yes I have done this before as described above and Revenue correctly applied the relief.

dbran

Hi

There is a box in "reliefs" section of the CT1 on ROS which refers to section 486C. This is the proper place for it.

dbran

kennyb3

dbran wrote: »

Hi

There is a box in "reliefs" section of the CT1 on ROS which refers to section 486C. This is the proper place for it.

dbran

I assume that is manual version? Can't see it in Ros offline version (unless I'm being stupid)

dbran

Its definately there.

dbran