Personal Tax Deadlines – Fast Approaching
Catherine McGovern
26/11/2020

There are a number of Personal Tax deadlines fast approaching on 10th and 15th December. So please contact the team at PKF as soon as possible to finalise and submit your tax returns on time to avoid Revenue penalties.

Income Tax

The 2019 Income tax retur income tax deadline 2020 Irelandn deadline has been extended from 31st October 2020 to 10th December 2020 if before or on this date you:

  • Submit your 2019 Income Tax return and
  • Pay the balance of your 2019 Income Tax and
  • Pay your 2020 Preliminary Tax.

 

Capital Acquisitions Tax

Please contact us if you were in receipt or became entitled to any gifts or inheritances between 1st September 2019 and 31st August 2020. Where the value of a gift or an inheritance, exceeds 80% of the relevant threshold, a Capital Acquisitions Tax return must be made. All gifts/inheritance since 5th December 1991 within the same group would need to be taken into account.

The year ended 31st August 2020 Capital Acquisition tax return deadline has been extended from 31st October 2020 to 10th December 2020 if before or on this date you :

  1. Submit your Capital Acquisition Tax return and
  2. Pay your Capital Acquisition Tax liability.

 

Capital Gains Tax

Please contact us if you dispose of any assets, property or shares between 1st January 2020 and 30th November 2020. Capital Gains Tax on the disposals of chargeable assets in the period 1st January 2020 – 30th November 2020 must be paid to Revenue no later than 15th December 2020.  Capital Gains Tax on disposals of chargeable assets in the period 1st December 2020 – 31st December 2020 must be paid no later than 31st January 2021.

Revenue penalties

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