Posted on 4 May 2013 by Accountant

There are reduced frequency for filing  tax returns and paying tax for smaller businesses.

VAT

Normal frequency of filing VAT return and making payment is six times a year (every two months). Your VAT periods are as follows: January-February, March-April, May-June, July-August, September-October, November-December.

If your VAT payments for last year were less than €3,000, you will file VAT return and make payments twice a year (every six months). Your VAT periods will be as follows: January-June, July-December.

If your VAT payments for last year were between €3,000 and €14,400, you will file VAT return and make payments three times a year (every four months). Your VAT periods will be as follows: January-April, May-August, September-December.

PAYE/PRSI

Normal frequency of filing P30 return and making payment is twelve times a year (every month).

If your PAYE/PRSI payments for last year were less than €28,800, you will file P30 return and make payments four times a year (every three months).

RCT

Normal frequency of filing RCT return and making payment (for Principal Contractor) is twelve times a year (every month).

If your RCT payments for last year were less than €28,800, you will file RCT return and make payment four times a year (every three months).

Revenue will send you letter if you are the business with less frequency filing duties. If you are using Revenue Online Services (ROS), you should see your tax periods there.

Source: Revenue eBrief No. 55/12