Date | |
1 | For accounting periods commencing on or after 1 January 2024 the R&D tax credit increases from 25% to 30%. In addition, the first instalment of the R&D tax credit available to be refunded is increased from €25,000 to €50,000 |
1 | For accounting periods commencing on or after 1 January 2024 a new 90-day pre-notification requirement applies to companies intending to claim the R&D tax credit either for the first time, or for those who have not claimed it in the past 3 years. |
1 | The taxation of a gain realised on the exercise, assignment or release of a share option on or after 1 January 2024 is moved from self-assessment to the PAYE system. The employer is responsible for accounting for the income tax, USC and PRSI. |
1 | Commencement of mandatory CAT reporting in relation to certain interest free loans between close relatives or loans involving certain companies owned by close relatives |
1 | Commencement of the enhanced reporting requirements for employers to report in real time the payment of certain types of expenses and the provision of vouchers to employees. |
1 | Certain income arising from the leasing of farmland is exempt from income tax. However, a 7-year holding requirement applies to lessors in respect of purchases of farmland on or after 1 January 2024 i.e. relief will not be immediately available. |
1 | Commencement of Local Property Tax (LPT) phased payments |
1 | Increase in VAT registration thresholds to €40,000 for service providers and to €80,000 for suppliers of goods |
1 | The VAT rate applying on the supply of electronic books and audio books is reduced to 0%. ` |
1 | Farmers’ flat rate addition is decreased from 5% to 4.8% |
1 | 0% rate of VAT applies to the supply and installation of solar panels in schools |
1 | Increase in maximum allowable reliefs from €70,000 to €100,000 applies to the Young Trained Farmer Stamp Duty Relief, the Young Trained Farmer Stock Relief and the Relief for Succession Farm Partnerships. The maximum enhanced stock relief for registered farm partners is increased from €15,000 to €20,000. |
10 | Deadline for paying LPT in full, in one single payment or confirming that payment will be made in full by Single Debit Authority |
14 | PAYE/Pay Related Social Insurance (PRSI)/Universal Social Charge (USC)/Local Property Tax (LPT): – Monthly return and payment for December 2023 (payment date is extended to 23rd for ROS users who file and pay online) – Quarterly payment for October – December 2023 (23rd for ROS users who file and pay online) |
14 | Return and payment of Dividend Withholding Tax (DWT) for December 2023 |
15 | Commencement of LPT monthly direct debit payments |
19 | Monthly VAT 3 return and payment (if due) for the period December together with a Return of Trading Details where the VAT accounting period ends in December |
19 | Bi-Monthly VAT 3 return and payment (if due) for period November – December 2023 together with the Return of Trading Details where the VAT accounting period ends between 1 November and 31 December |
19 | Bi-Annual VAT 3 return and payment (if due) for period July – December 2023 together with the Return of Trading Details where the VAT accounting period ends between 1 July and 31 December |
19 | 4 Monthly VAT 3 return and payment (if due) for period September – December 2023 together with the Return of Trading Details where the VAT accounting period ends between 1 September and 31 December |
19 | Annual VAT 3 return and payment (if due) for the period January – December together with a Return of Trading Details where the VAT accounting period ends in December |
21 | Due date for payment of preliminary tax for companies with a financial year ending on 29 February 2024. If this is paid using ROS, this date is extended to 23 January 2024 |
21 | Due date for payment of initial instalments of preliminary tax for companies (not “small” companies) with a financial year ending on 31 July 2024. If this is paid using ROS, this date is extended to 23 January 2024 |
23 | Last date for filing corporation tax return CT1 for companies with a financial year ended on 30 April 2023 if filed using ROS. Certain elections, including the close company election in s434 TCA 1997 regarding the treatment of dividends/distributions, must be included with the return. |
23 | Due date for any balancing payment of corporation tax in respect of the accounting periods ended on 30 April 2023. |
23 | Loans advanced to participators in a close company in the year ended on 30 April 2023 may need to be repaid by 23 January 2024 to avoid the assessment (on the company) of income tax thereon. |
23 | A concessional three-month filing extension for iXBRL financial statements (not Form CT1) may apply. For 31 January 2023 year-ends, this should extend the iXBRL deadline to 23 January 2024. |
23 | Relevant Contracts Tax (RCT) monthly return and payment for December 2023 |
23 | RCT quarterly return and payment (if due) for period October – December 2023 |
23 | Professional Services Withholding Tax (PSWT) F30 monthly return and payment for December 2023 |
31 | Latest date for payment of dividends for the period ended on 31 July 2022 to avoid ss440 and 441 TCA 1997 surcharges on investment/rental/professional services income arising in that period (close companies only) |
31 | Last date for filing third-party payments return 46G for companies with a financial year ended on 30 April 2023 |
31 | Payment due on chargeable gains arising between 1 December 2023 to 31 December 2023 inclusive |
31 | OSS VAT return and payment (if due) for the period October – December 2023 |
31 | IOSS Monthly Return and payment due for period December 2023 |
31 | CbC reporting notifications relating to the fiscal year ending on 31 January 2024 must be made to Revenue (where necessary) no later than 31 January, via ROS |
31 | CbC reports/equivalent CbC reports for the fiscal year ended on 31 January 2023 must be filed with Revenue (where necessary) no later than 31 January 2024 |
31 | A reporting platform operator (DAC7) must file a return for the calendar year 2023 on or before 31 January 2024. [Update: This date is extended to 7 February 2024] |
31 | In circumstances where GPs/medical partnerships have a joint election in place and the requisite notification is made to the HSE, by 31 January 2024 relevant income paid in January 2024, and associated PSWT credits, may be treated as income/PSWT credits of the medical partnership. |
