UK
Ireland
Income Tax Return and Income Tax Liability Payments
With the Irish Income Tax deadline being extended to 14 November 2024 for taxpayers filing their returns via Revenue’s Online System (“ROS”), we are calling all taxpayers to start compiling information to prepare their tax returns.
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Taxpayers live busy lives and are often engaged with work and commitments that naturally lead to providing information close to the deadline. However, the benefits of filing your Irish tax return are substantial. The earlier we receive information, we can:
- Ensure maximum accuracy and close attention to detail,
- Optimise your tax credit claims, and
- Mitigate the risk of any late income tax return filings and the associated implications such as surcharges and interest charged at a daily rate
Irish Income Tax checklist
We have provided a summary checklist of the Irish income tax compliance requirements below for you to go through:
Filing Form 11
Where an individual becomes a “chargeable person” for Irish income tax purposes, the individual is obligated to register for Irish income tax and file a tax return known as a Form 11. This involves paying any tax liability due on or before 31 October in the following calendar year (or the extended deadline for taxpayers filing online).
Interest is due at a daily rate of 0.0219% from 31 October on late payments or payments that are not made in full.
Preliminary income tax payments
Individuals can base their preliminary tax for the tax year on:
- 100% of their income tax liability for the previous tax year, or
- 90% of their income tax liability for the current tax year.
Irish income tax rates
The standard rate cut-off points and applicable Irish Income Tax rates are summarised as follows:
| Circumstances | 20% Rate | 40% Rate |
| Single person | €42,000 | Balance |
| Lone parent | €46,000 | Balance |
| Married couple/civil partners, one income | €51,000 | Balance |
| Married couple/civil partners, one income | Up to €84,000 (with increase limited to the amount of the second income) |
Balance |