TAX DEADLINE AROUND THE CORNER
The self-assessed deadline just around the corner; don’t be late or it’ll cost you. There is a 5% surcharge on the amount of tax liable, subject to a maximum of €12,695 where the return is filed within two months of the deadline. If it is more than two months’ late, a 10% surcharge kicks in, with a maximum fine of €63,485 – although tax-geared penalties may amount to 100% of the liability.
Tax advisers and accountants such as Noone Casey are asking clients to please get their paperwork in sooner rather than later.