Extension Granted for Reduced Frequency of Tax Returns

Revenue has broadened the criteria for businesses to qualify for the reduced filing frequency of VAT and PAYE/PRSI returns from 1 January 2010 in a bid to reduce administration costs for small businesses.Revenue is now in the process of writing to the eligible businesses advising them of the change in the filing dates. Eligible businesses should note that there is no need to take action in order to benefit from the reduced frequency filing requirements as Revenue will automatically extend them from 1 January 2010.