Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.
Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

Moving accounts year-end date

  • 05-11-2015 10:34AM
    #1
    daveyjoe
    Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭


    I'm self-employed and my current year-end date is December 31st. It would be advantageous for me in terms of tax to move my year-end date to October 31st. Is it possible to do this?

    Can I just change the date when I'm filing on ROS? For example, this year I would be filing for 1 January 2014 - 31 October 2014 and paying preliminary tax for 1 November 2015 - 31 October 2015.


Comments

  • #2
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,595 ✭✭✭✭CIARAN_BOYLE


    daveyjoe wrote: »
    I'm self-employed and my current year-end date is December 31st. It would be advantageous for me in terms of tax to move my year-end date to October 31st. Is it possible to do this?

    Can I just change the date when I'm filing on ROS? For example, this year I would be filing for 1 January 2014 - 31 October 2014 and paying preliminary tax for 1 November 2015 - 31 October 2015.

    talk to an accountant or tax advisor change in accounting date has a whole complicated set of rules. Its not just a matter of changing the date. There is prior year lookback rules and other effects in the first few years.


Advertisement
Advertisement