Preparing your Income Tax Return for 2021

Financial penalties: Revenue may impose fixed penalties or percentage-based penalties. The type depends on the nature and amount of the under-declaration. <a href=\"https://www.revenue.ie/en/vat/interest-and-penalties/when-are-penalties-payable-to-revenue/fixed-penalties.aspx\">Learn more .
Interest charges: Any unpaid tax accrues interest from the original due date until settlement.
Legal action: Persistent or deliberate under declarations can result in prosecution. Details on Revenue offences explain the risks.

The time has come once again to start preparing your Income Tax Return for 2020, the return is due by 31 October 2022 or 17 November 2022 if you pay & file ...

The time has come once again to start preparing your Income Tax Return for 2020, the return is due by 31 October 2022 or 17 November 2022 if you pay & file online through Ros. Because of the requirements of the Pay and File system, it is very much to your advantage to have your Return prepared as early as possible. Just because your Return is prepared early does not mean that you have to pay any tax due before the deadline. The benefits of preparing your Return early include having more time to arrange finance etc to pay any outstanding tax for 2020 or Preliminary Tax for 2022, it also means you can review whether it is tax efficient to make a pension top up along with other benefits depending on your own circumstances. Preparing your tax return

Gifts and Inheritances If you received any gifts and inheritances in the year 1^st September 2021 – 31^st August 2022, this return is due by 30^th October 2022 or 17 November if you pay & file online through Ros.

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