Annual Returns of Directors
Are you a Director of a Limited Liability Company in Ireland? A director's income tax return must be filed by October 31st. Book an appointmentDirectors who possess more than 15% of an Irish Limited Company’s share capital must file a director’s income tax return. Whether you take money from the corporation or not, this is the fact. The director’s tax return is a disclosure of a director’s personal income, which includes pay and dividends from their firm, rental income, and overseas revenue.
Every year, by the 31st of October, all Irish resident and non-resident proprietary directors are legally obligated to file a director’s tax return. If you pay and file your tax return using Revenue’s Online System (ROS), you can extend the deadline until mid-November.
Non-proprietary directors in Ireland are often excluded from filing director returns. If you want assistance with your tax returns, please contact us.
What information does a director’s tax return on ROS require?
- Income from Trades, Professions, or Vocations (Personal Details)
- Rental Income in Ireland
- Foreign Earnings
- Fees, covenants, and distributions are all sources of income.
- Income that is tax-free
- Interest, charges, and annual payments are all paid.
- Make a claim for tax credits, allowances, reliefs, and health-care costs.
- Individuals with a High Net Worth
- Acquisitions of Capital
- Gains on Investments
- Acquired Chargeable Assets
- Incentives based on a property’s value
- Self-Evaluation
Also Required:
- Date of birth and Personal Public Service Number (PPSN)
- To log into your account, you’ll need your digital ROS certificate.
- Your bank account information (IBAN), so that any tax refunds you owe will be deposited into that account.
What is the role of a tax agent?
Having a tax agent implies that they will deal with Revenue on your behalf.
Your tax advisor can help you with the following tasks:
Obtain access to your revenue records
Prepare and file your tax returns on your behalf
Receive correspondence from Revenue regarding any returns you have filed.
Receive any refunds from Revenue for any returns you’ve filed. This only applies if you filled out a PAYE A2 Authorization Form.
With all of our accounting clients, we typically use the Authorisation Form PAYE A1. This means your tax refund will be deposited immediately into your bank account.
Get in touch with our Customer Services Team if you’d like a quote for TAS Consultant to handle your tax needs. We can send you a message.
Contact our Customer Services Team if you need assistance submitting your next director’s tax return or if you have any questions regarding your compliance and tax duties.
We’re always delighted to go over the services you’ll need to keep your business in compliance with Revenue and the Companies Registration Office.
Call us at 01 442 8230 or fill the form below
Other Services
Year-End Accounts
Company Registration
Accounting Solutions
Capital Gains Tax
Payroll
Tax Returns
Business Advisory
Inheritance Tax
Other Services
Happy Clients
Years of Experience
Affiliations
Recent Blogs
How to avoid penalties on your corporation tax
Scope of Corporation Tax Corporation tax is levied on profits earned by limited companies that includes trading profits, Disposal or sale of assets, and investments.Non Resident companies or Branches of Foreign companies operating in Ireland are also...
Avoid these Top 5 Bookkeeping Mistakes
For SMEs, accurate bookkeeping is crucial. Here are the greatest accounting blunders to avoid. Correct bookkeeping is crucial. You may get current management information on the performance of your organisation via good bookkeeping. One of a small...
Tips for Landlords on Taxes
Taxes are a complex subject, and they can become even more confusing when you factor in real estate. However, we hope to make it simpler for you with our Top Tax Tips for New Landlords. Declare Your Income Tax and Register! You must declare any rental...
Is it necessary for me to file a tax return?
Recently, I've heard people discussing the tax return filing deadline, so I was wondering if I needed to file one myself. Everyone in Ireland who earns money is required to pay taxes. Because of how our tax system is set up, if you work as an employee,...
How Much Do Accountants Charge for Small Business
Every business should strive to keep overhead costs to a minimum, but SMEs in particular should do so because their budgets are typically smaller. An internal accounting team or corporate accountants can be a very expensive overhead for a small...
Small Business Cash Flow Management Tips
Here are some suggestions to help you manage your cash flow, especially if you're having financial difficulties. How important is cash flow management in the business world? Cash flow is a powerful financial indicator that can reveal a lot. Being in good...