ROS -Pay & File extension
Revenue has announced a further extension to the 2020 Pay & File deadline date for ROS customers due to the impact of Covid-19. The deadline for paying and filing taxes is now 10 December 2020. Full details are outlined in Revenue eBrief No. 174/20.
Filing Tax Returns
Taxpayers (individuals and businesses) should continue to file their tax returns even if payment of the resulting liabilities, in whole or in part, is not possible. Where, due to the virus, key personnel that compute tax returns are unavailable, we strongly advise that the relevant return is submitted on a ‘best estimate’ basis.
The application of a surcharge for late CT1 Corporation Tax returns for accounting periods ending June 2019 onwards (i.e. due by March 23, 2020 onwards) is suspended until further notice. Similarly, the application of a surcharge for late iXBRL financial statements for accounting periods ending March 2019 onwards (i.e. due by March 23, 2020 onwards) is suspended until further notice.
Where a CT1 Corporation Tax return, in respect of an accounting period ending June 2019 onwards and due by 23 March 2020 onwards -
is filed late, is not a return that is deemed to be filed late under section 1084(1)(b) TCA 1997 and the late filing is the result of COVID-19 circumstances, the late CT1 return may be completed without the restriction of reliefs, such as loss relief and group relief, required by section 1085(2) TCA 1997.