Revenue’s Jobs & Pension Service

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The Revenue Commissioners introduced the Jobs and Pension Service with effect from 12 September, 2016.  This system replaces Form 12As which were completed by the employee and submitted to the Revenue Commissioners by the employer to manually apply for tax credits and Form P46s which were completed by the employer through ROS, Revenue’s online system.

 

Each new employee must now (from 12 September, 2016) apply to allocate credits to a new job using the Jobs and Pension Service through My Account on Revenue.ie.  It is no longer possible for the employer to apply for the credits.

 

Please recommend to all current and new/potential employees to register for My Account through the Revenue Commissioners website.  The following information is required to register for my account;

  • PPS number
  • Date of birth
  • Mobile/landline number
  • Email address
  • Home address

2 of the following will also be required to verify identity;

  • Irish driving licence number
  • P60 details
  • For self employed people – Acknowledgement of Self Assessment/Notice of Assessment

 

Emergency tax rates will apply without tax credits being allocated.

 

Please contact our office on 0402 29376 or info@rhendy.ie if you have any queries in relation to this item.

Thinking of starting your own business?

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If you have recently set up or are thinking about setting up a new business you might be wondering what you need to do as regards taxes and compliance.

At R Hendy & Co one of our specialist areas is new start ups whether it’s a company or sole trader.  We work with you to establish what your objectives and priorities are and this ensures that we provide you with the most appropriate advice to you.

While the lower rate of corporation tax, generally 12.5% is attractive, operating through a company might not be the best option for every new business.  This is a one key area we will review with you.

We can assist you with the following areas;

–  company formation and incorporation 

–  tax registrations

–  business name registration

–  provision of bookkeeping template spreadsheets

–  guidance on bookkeeping software and set up

–  preparation of bookkeeping records and filing of Revenue VAT returns

–  preparation of payroll and filing of Revenue PAYE returns

–  Companies Registration Office and other company secretarial compliance

–  preparation of annual financial statements (accounts) and tax returns
As your business grows we will tailor our services to suit you, including pension advice.

If you think this applies to you please contact our office on 0402 29376 or email us at info@rhendy.ie

Exam Prize Winner

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Catriona Swaine based in our Arklow office achieved third place in the Stage 2 Applied Tax of Chartered Tax Consultant qualification.

She was presented with her prize by the President of Chartered Accountants Ireland Mr. Tony Nicholl at the Specialist Qualification Conferring Ceremony on Tuesday 13 October, 2015.

 

Third Place Applied Tax Picture

Upcoming filing dates

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September, October and November are the busiest times of the year in the accountancy and tax world.

21 September, 2015 (23 for ROS filers) – Corporation Tax pay and file deadline for companies with 31 December year end.   Therefore if your company has a 31 December, 2014 year end you must ensure the Corporation Tax return is filed and any balance due is paid before this date to avoid surcharges, interest and penalties.

31 October, 2015 – Income Tax pay and file deadline for tax year 2014 – this is the date applicable to the submission of manual returns together with payment of any balance due and preliminary tax payment for 2015.

12 November, 2015 – Income Tax pay and file deadline for tax year 2014 for ROS (Revenue Online System) users.  The Income Tax return, any payment necessary for 2014 and preliminary tax for 2015 MUST BE done through ROS for this date to apply.

21 November, 2015 (23 for ROS filers) – Preliminary Corporation Tax payment deadline for companies with 31 December, 2015 year end.

If you think any of the above dates apply to you please contact our office on 0402 29376.