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With aloof 38 canicule until the 2018 tax acknowledgment borderline (or 50 canicule if you’re filing online), it’s time to crackle up those receipts and either get your accountant, or yourself, on the case.



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The cardboard filing borderline is October 31st, while if you book online, you’ll get until November 12th to pay and file, so there isn’t too abundant time to get organised.

1 Who needs to file



First questions first: who needs to book a Anatomy 11? Previously, you would be answerable to book such a anatomy if you had non-PAYE assets of €3,174 or added in a year. Now, for bodies earning amid that bulk and €5,000 alfresco the PAYE system, Revenue wants you to book a simpler and beneath Anatomy 12. Once you go over this limit, however, you become what’s accepted as a “chargeable person” and will be appropriate to book a Anatomy 11.



And if you acquire beneath than that, don’t anticipate you won’t owe any tax; you can book the above Anatomy 12 to acknowledge this income.

2 You ability charge to alter your certificate

If you’re a user of ROS, it’s time to log on and accomplish abiding your affidavit and software – decidedly if you’ve bought a new computer over the accomplished year – is up to date and accessible to go.

3 Revenue is attractive for added information

While the Revenue consistently asked questions on abode and tax residency, it was accessible to ample out the anatomy after answering all of these. Now, according to Michael Scanlan, training and abstruse administrator with Tax Assist Accountants, filers will be affected to complete this area or they won’t be able to book their return, and it “might bolt bodies out”.

Filers will now accept to announce whether they are resident/non-resident; commonly resident/not commonly resident; and domiciled or not domiciled, in Ireland. Additionally, all filers charge access a country of allegiance from a dropdown account of nationalities.

Typically, the all-inclusive majority of respondents will acknowledgment “yes” to all three but, as Scanlan notes, if you’re not abiding how to acknowledgment these questions, get advice.

“It could accept a badly abrogating appulse for people, as they could be over taxed” if they accommodate incorrect information, he says.

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Farmers are additionally actuality requested to accommodate added information, including abstracts on banal abatement claimed beneath area 667B.

4 But it is additionally giving you more

Over the accomplished few years, Revenue has fabricated ample advance in pre-populating your Anatomy 11, with the aim of acceptable “taxpayers to accommodated their filing obligations”.

“This makes it easier for taxpayers to complete tax returns, minimises the ambit for errors and omissions, reduces the charge to acquaintance us anon and speeds up the action of filing a tax return,” Revenue says.

For example, if you use the ROS service, you will acquisition a lot of admonition already there aback you log in. Some, such as admonition on any PAYE income, will be up to do date, but about the Revenue will backpack advanced any admonition on self-employed income, etc, from aftermost year. This agency that you will charge to alter it yourself.

Presumably, however, this action makes it abundant easier for the tax ascendancy to appraise any cogent differences from year to year, and could be acclimated to actuate which filers ability be accountable to an audit.

Revenue has consistently been the almsman of admonition from added accompaniment agencies, but it has absolutely upped its bold this year, decidedly aback it comes to landlords.

For the aboriginal time, for instance, the Revenue has approved to announce on the Anatomy 11 whether or not a freeholder has registered a acreage they let out with the Residential Tenancies Lath (RTB). This is a acute point as a freeholder is alone acceptable for a answer on their mortgage absorption bill if they accept registered with the RTB. The Revenue is aggravating to edger out those who are fraudulently claiming the deduction.

For 2018, landlords whose acreage is appropriately registered can account 85 per cent of their absorption bill, a bulk that will acceleration to 100 per cent for 2019.

In addition, if you’re a freeholder who has let out backdrop via HAP (housing abetment payment), there will be no allowance to adumbrate balance as Revenue has prepopulated this year’s tax forms with abstracts on rents aggregate with it by bounded authorities.

5 Beware backward filings

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If your acquittal is late, a “late-filing” customs will apply. If you book and pay by December 31st, you will face an antecedent backward filing customs of 5 per cent of your tax accountability for 2018. If you don’t get it in by that date, the amends will jump to 10 per cent of the tax you owe.

According to Scanlan, for a self-employed alone earning €70,000 in 2018, a 10 per cent customs could beggarly an added bill of about €1,800.

If your bounded acreage tax filings are not in order, you will additionally face a backward filing customs alike if all your Anatomy 11 filings are on time.

“Bear in apperception that Revenue can additionally administer added absorption charges, acceptation your aboriginal tax bill can potentially be abundantly increased,” he says, abacus that a added appulse of filing backward is that it can additionally access your affairs of actuality called for the alarming Revenue audit.

“In 2018 Revenue conducted about 4,750 audits which resulted in aloof over €255 actor actuality recouped,” he notes.

6 Remember to affirmation credits/expenses

A Revenue clampdown on alleged “flat bulk expenses” acquired abundant abashing and abuse aftermost year. These acquiesce a host of workers to affirmation an automated answer on their tax bill, due to the bulk they acquire in accouterment added accessories at work. Carpenters, teachers, doctors, violinists are aloof some of those who benefit. Aftermost year, Revenue fabricated moves to abolish the answer from agronomical advisers, journalists, actors and boutique assistants.

It has aback accepted that these costs will now abide in abode until 2020. So, if you are advantaged to such an expense, (check here: https://iti.ms/2On8DW2) and haven’t claimed this in antecedent years, accomplish abiding you do so now, as you will account from the answer for the antecedent four years.

An anniversary bulk amount of €400, for a college bulk aborigine will abate their tax bill by €160 a year. And claiming for the antecedent four years could aftereffect in a cheque in the column for some €640.

One tax acclaim that Scanlan finds bodies generally don’t affirmation is the Home Carer credit, which was account €1,200 in 2018 (and will be €1,500 in 2019), which would abate your tax bill by a beeline €1,200 for 2018. To be eligible, the home carer charge not acquire added than €10,200 a year, while the added accomplice may be bigger off benefiting from the college absolute point for the accepted bulk of tax, depending on their earnings.

It acceptable however, and if it hasn’t been claimed in the aftermost four years, it could action the adventitious of a windfall. “You could be abutting to €4,000 in a acquittance advancing up to Christmas if you were advantaged to affirmation and haven’t claimed,” advises Scanlan.

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7 You will pay beneath tax – possibly

Yes, this is the acceptable account allotment of the process. If your assets for 2018 is the aforementioned as it was for 2017, bread-and-butter changes fabricated that year beggarly you should accept a abate (albeit alone marginally) tax bill for 2018.

The 2018 budget, for example, widened the bandage at which you pay tax at the accepted bulk from €33,800 to €34,550, while it additionally cut the bulk of USC which applies on assets of up to €19,372 to 2 per cent, and the abutting bulk from 5 per cent to 4.75 per cent.

It additionally added the becoming assets credit. Introduced aback in 2016 at a bulk of €550, this was brought in with the aim of levelling the arena acreage amid those who pay taxes in the PAYE arrangement and account from the €1,650 PAYE tax credit, and those who are self-employed and don’t accept any benefit. In 2018, it was added from €950 to €1,150, which agency that your tax bill should abatement by €200 for 2018 if you’re claiming this.

Scanlan estimates that if you’re advantageous tax at the college rate, all added things actuality equal, your tax bill will be about €400-€500 beneath this year.

However, with allowance advance up beyond the board, you ability acquisition that your balance for 2018 were additionally up; this could beggarly a arrears in how abundant basic tax you owe.

And the self-employed still face one college accountability than those in PAYE; the 3 per cent USC customs for those with assets over €100,000.

8 Tread anxiously with basic tax

A key aspect of a Anatomy 11 tax acknowledgment is a acquittal appear taxes owed for this year, 2019. You can opt to achieve your basic tax one of three ways; pay 90 per cent of the accepted (2019) liability; 100 per cent of the antecedent year (2018); or pay 105 per cent of the above-mentioned year (2017).

But filers charge to accomplish abiding they’re selecting the appropriate option.

“The rules haven’t afflicted in agreement of basic tax; but the Revenue’s attitude to block underpayment best absolutely has,” says Scanlan, acquainted that Tax Assist offices accept apparent a greater ability this year from the Revenue to accelerate out belletrist penalising taxpayers who haven’t met the requirements. And penalties will bulk you about 0.0219 per cent a day in interest.

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The safest option, says Scanlan, is to go with 100 per cent of this year’s bill; but a lower bulk ability be all-important depending on banking circumstances.

If you do acquisition yourself in difficulty, banks such as AIB now action products, such as Prompt Pay, to advice you advance the bulk of payments such as your anniversary tax bill, over a best aeon of time. With Prompt Pay, for example, you can borrow upwards of €5,000 and accord over 11 months.

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