Company Secretarial, CRO, Corporation Tax, Corporate Clients, Company Accounts

Every company must file a B1 Annual Return and financial statements with the Companies Registration Office (CRO) every calendar year, except for their first B1 or when extending an Annual Return Date (ARD).

Annual Filing Requirements

Every company must file a B1 Annual Return and financial statements with the CRO Annual Return Portal each calendar year.

• Exceptions: A first-time B1 filing skips financial statements, and companies can extend their Annual Return Date (ARD) using a Form B73.

Determining Company Details

The Annual Return Date (ARD) dictates the exact company information required for the B1 filing.

• The Snapshot: Form B1 captures statutory details—such as directors, secretaries, and share capital—precisely as they exist on that specific ARD.

Reporting Post-ARD Changes

You must exclude any changes occurring after the ARD from your current filing.

• Next Steps: You report these changes on the following year’s B1 return. However, you must still submit standalone event forms (like a Form B10 for a director change) independently within 14 days of the actual event.

Submission Platform

Most presenters use CORE to submit their B1 forms.

• Live Data: The portal pulls official data directly from the central CRO database to complete form fields automatically.

Process Simplification

CORE speeds up filing by providing pre-filled B1 forms.

• Automation: The system automatically includes any company updates officially registered with the CRO over the previous 12 months.

Risks of Pre-Filled Forms

Relying blindly on pre-filled data submits outdated or incorrect information.

• Compounding Errors: Companies repeat compliance mistakes year after year if they fail to manually verify and update unverified form fields.

For all your company secretarial, financial accounting and corporation tax requirements, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Key updates to the 2025 ROS Form 11 manual introduce new rules for rental income reliefs and personal tax credits

Overview of the 2025 ROS Form 11 Changes

Here are the key updates you need to know:

Key Updates for Landlords and Property Owners

• Retrofitting Rental Properties Relief (RRPR): Jointly assessed spouses can now claim RRPR for different properties. You can enter specific details for both properties directly into the Property Details section.

• Farmland Leasing Exemption: Revenue updated the Rental Income panel for this exemption. You will now see additional selection boxes to complete your claim.

• Residential Premises Rental Income Relief (RPRIR):

• • Property Sales: Did you claim RPRIR in 2024 but sell the property since then? You must notify Revenue via MyEnquiries to process your tax clawback.

• • Non-Resident Filers: Non-residents must now complete the Worldwide Income field on the Personal Details panel. This ensures Revenue apportions your relief correctly.

Changes to Capital Gains Tax (CGT) and Retirement Relief

• Capital Gains Tax (CGT) Retirement Relief:

• • Section 599 Deferrals: New fields allow you to defer CGT charges for relevant disposals under Section 599.

• • Clawbacks: Revenue added new fields to declare previously deferred CGT. This applies if you sold an asset within 12 years of the original disposal.

• • New Details Required: Existing fields now require the exact consideration amount and the precise date of disposal for Section 598 and 599 claims.

• CGT Self-Assessment: The form features new sections to record tax deferred during the period. You must also use these sections to report previously deferred tax that is now due.

New Income Tax Exemptions and Reporting Rules

• Musical Instrument Exemption: Do you earn exempt profits from making, maintaining, or repairing musical instruments? You must now report these profits under ‘De Minimis – EU State Aid’ on the Personal Details panel.

• Medical Partnerships: A new field in the Trade Details section requires your attention. You must confirm your joint election and input the exact name of the medical partnership.

• PRSA Over contributions: Did your employer contribute more than the maximum allowable limit to your PRSA? You must include the excess amount in the ‘gross amount of taxable income’ field on the PAYE/BIK/Pensions panel.

Personal Tax Credits & Reintroduced Incentives

• Split Year Treatment: Taxpayers claiming Split Year Treatment for 2025 face new requirements. You must now include these specific residency details directly on the return.

• Personal Tax Credits: The Personal Tax Credits panel reflects the increased credit values from the Finance Act 2025. The system applies these new rates automatically.

• Home Renovation Incentive (HRI): Revenue has reintroduced the HRI section. This allows you to claim unused relief balances that you carried forward from previous years.

• Sports Body Donations: Donors can now choose how to use this relief. You can claim the relief yourself or pass it directly to the sports body. Furthermore, Revenue extended this relief to National Governing Bodies (NGBs) for qualifying projects.

• High-Income Individuals: The RR1 panel is now simpler. Revenue greyed out the fields that are no longer available or have been removed.

For full information, please click: https://www.revenue.ie/en/tax-professionals/ebrief/2026/no-1272026.aspx

For help filing your Form 11 Tax Return, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Filing your 2025 Form 11 via the Revenue Online Service (ROS). Make sure to declare your 2026 Preliminary Tax alongside your 2025 self-assessment to avoid interest penalties

Ireland Form 11 Income Tax Guide 2025: Deadlines & Updates

This brief guide provides Irish Revenue guidance on filing 2025 Form 11 Income Tax Returns, highlighting the crucial October and November 2026 deadlines. Drawing on official Revenue eBriefs, Tax and Duty Manuals, and recent Tax Appeals Commission determinations, we outline key obligations, updated form features, and practical compliance considerations for self-assessed taxpayers and tax agents.

2025 Form 11 Filing Deadlines and ROS Extensions

The statutory pay and file deadline for the 2025 Form 11 Income Tax Return is 31^st October 2026.

However, Irish Revenue has confirmed an extended deadline of Wednesday, 18^th November 2026 for self-assessment taxpayers who use the Revenue Online Service (ROS). To qualify for this extension, you must complete both of the following actions through ROS:

1. File your 2025 Form 11 tax return.
2. Pay your 2025 income tax balance and 2026 Preliminary Tax.

 Critical Compliance Note: If you only file or only pay through ROS, the extension is void. The standard 31^st October 2026 deadline will apply, potentially resulting in late filing surcharges.

Capital Acquisitions Tax (CAT) Extension

The same extended ROS deadline of 18^th November 2026 applies to Capital Acquisitions Tax (CAT) returns and payments. This applies to gifts or inheritances with valuation dates falling in the year ending 31^st August 2026.

Key Updates to the 2025 ROS Form 11

The 2025 ROS Form 11 has been active since 1^st January 2026, with major system updates deployed in April 2026. Taxpayers should note the following critical changes and tax credit increases:

Increased Personal Tax Credits for 2025

• Personal Tax Credit: Increased to €2,000
• Employee Tax Credit: Increased to €2,000
• Earned Income Tax Credit: Increased to €2,000
• Widowed Person Tax Credit: Increased to €2,540
• Home Carer’s Tax Credit: Increased to €1,950

Tax Bands, USC, and PRSI Rate Changes

• Income Tax Rate Bands: The standard rate band for single persons is now €44,000 at 20%.
• USC Thresholds: Updated to reflect the latest budgetary changes.
• PRSI Rate: The blended rate of 4.125% does not apply across all classes. It only applies to people paying PRSI through the Revenue self-assessment system (like the self-employed under Class S). For standard PAYE employees (Class A), payroll software does not use a blended rate; it splits the year into 4.10% (January to September) and 4.20% (October to December).

New Capital Gains Tax (CGT) Fields

The Capital Gains Tax panel features new sections allowing self-assessed taxpayers to:

• Request a deferral of CGT payments.
• Declare previously deferred CGT that is now due.

For clarity:

Requesting a deferral of CGT payments: This allows self-assessed taxpayers to claim a formal deferral of a liability directly on the return (such as the CGT deferral available on a business or farm transfer to a child under Retirement Relief).

Declaring previously deferred CGT that is now due: This enables taxpayers to report when a past deferral condition has failed or expired (such as a child selling a transferred asset before a required 12-year holding period), meaning the clawed-back tax has crystallised and fallen due.

Rental Income and Home Renovation Reliefs

• Residential Premises Rental Income Relief (RPRIR): Under Section 480C TCA 1997, landlords can reduce tax on residential rental income by up to €800 for the 2025 tax year.
• Home Renovation Incentive (HRI): The HRI section has been reinstated on Form 11 to allow taxpayers to claim unused balances carried forward.

For Clarity:

• RPRIR Retention Period: To keep the €800 relief for 2025, you must remain a landlord of that qualifying property for a full four-year period. If you sell or stop renting it out earlier, the relief will be clawed back by Revenue.

• RPRIR Registration: The rental property must be fully registered with the Residential Tenancies Board (RTB) on or before 31^st December 2025.

• HRI Limitation: This entry on Form 11 allows you to draw down the remaining balance of an old credit. You cannot claim any new renovation works completed in 2025 under this specific incentive.

2026 Preliminary Tax and Statement of Net Liabilities

To avoid interest penalties, self-employed individuals must calculate and pay their 2026 Preliminary Tax by 31^st October 2026 (or 18^th November 2026 via ROS).

How to Calculate Preliminary Tax

Your payment must equal at least:

• 90% of the final liability for the 2026 tax year, OR
• 100% of the final liability for the 2025 tax year.

The Risks of a “Nil” Preliminary Tax Declaration

If you select “Nil” for your preliminary tax, you are officially declaring to Revenue that you anticipate your total tax liability for the upcoming year will be zero.  If you underpay your preliminary tax (or declare “Nil” when you actually owed tax), you fail the statutory safe harbours.   Revenue will treat the underpaid portion as overdue from the original deadline. Interest will accrue daily at a rate of 0.0219% backdated to that original due date.

When filing electronically via ROS, the Statement of Net Liabilities (SNL) is a screen that appears at the very end of the digital Form 11 submission process. You must complete the self-assessment panel, calculate the SNL, and sign/submit them together in the same session to finalize your return.

For further information, please click: https://www.revenue.ie/en/tax-professionals/ebrief/2026/no-1272026.aspx

For help filing your Form 11 Tax Return, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Revenue Compliance Interventions, Qualifying Disclosures, Tax Return filings, Irish Tax Compliance, High Wealth Individuals (HWIs)

New Revenue Guidance on Tax Compliance

The Revenue Commissioners have introduced guidance on the Enhanced Compliance Engagement (ECE) framework for high-wealth individuals (HWIs) within the High Wealth and Financial Services Division (HW&FSD), running as a pilot until 31^st December 2027.  It will be reviewed by Revenue in 2028. The framework, designed to foster collaboration and reduce enquiries, comprises a tax pack compliance review of submitted computations and a mechanism for obtaining opinions on significant transactions. Key benefits for HWIs include a dedicated case manager and the retention of rights to make unprompted qualifying disclosures during the Level 1 Revenue compliance intervention process.

You can review the full guidance in the new Revenue ebriefs:

https://www.revenue.ie/en/tax-professionals/ebrief/2026/no-1112026.aspx

https://www.revenue.ie/en/tax-professionals/ebrief/2026/no-1122026.aspx

Overview & Timeline

The Revenue Commissioners have launched the Enhanced Compliance Engagement (ECE) framework. It is managed by the High Wealth and Financial Services Division (HW&FSD).

Who is the Target Audience?

High Wealth Individual (HWI) taxpayers.

What is the Format?

It’s a voluntary pilot scheme.

What is the Duration?

Effective from Q2 2026 to 31 December 2027.

What is the Review Date?

Revenue will review the framework in 2028.

What level of Commitment is required?

No formal agreement is required to participate.

What level of Flexibility is offered?

Taxpayers can opt-in at any stage or for any single year.

Key Elements of the Revenue Compliance Framework

What is the process?

Taxpayers submit backup tax computations and supporting documentation after filing returns.

Who are they submitted to?

Documents should go directly to an assigned dedicated case manager.

What’s the purpose of this?

It helps Revenue understand the return filed, especially regarding exceptional matters which differ from submissions made in previous years.

How do Revenue classify this?

Handled as a Level 1 Revenue Compliance Intervention under the Compliance Intervention Framework.

What is the benefit to the Taxpayer?

Taxpayers retain the right to make an unprompted qualifying disclosure or penalty-free self-correction.

Benefits to HWI Taxpayers

It’s a Personalized Service

Assignment of a dedicated case manager to the account.

Risk Reduction 

Lowered exposure to interest charges and future tax penalties.

Real-Time Resolution

Deals with compliance matters quickly to lower compliance costs.

Certainty

Increased assurance regarding return accuracy and transaction tax implications.

Strategic Planning 

Opportunity for early pre-engagement on major financial transactions.

For all your tax advisory and compliance requirements including help preparing and filing your Tax Returns and Qualifying Disclosures, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

UK Company Account requirements. Financial Accounts. No Abridged Accounts.

Following engagement with Stakeholders, the Economic Crime and Corporate Transparency Act 2023 reforms for company account filing are delayed to April 2028.  This includes mandatory iXBRL format, eliminated abridged accounts and strengthened audit exemptions.  The key changes include required profit and loss filing for small companies and micro-entities (with an opt-out for public disclosure), restricted accounting period changes and all component parts of the filed accounts and reports must be filed together

What’s the new Deadline?

Small businesses and micro-entities must file profit and loss (P&L) accounts starting April 2028.

Delayed Rollout:

The implementation date for the reforms has been moved from April 2027 to April 2028.  This timeline grants companies an additional year to prepare for the updated Companies House mandates.

What’s the Impact?

These changes will transform both the data companies must disclose and how they submit annual accounts.

What are the specific changes to accounts preparation and filing?

1. Digital Filing Only: Software filing becomes mandatory. Paper and manual web options close. Web services remain only for non-account filings.

2. No Abridged Accounts: Companies must provide full financial details.

3. Component parts of filed accounts and reports must be filed together: All financial accounts and reports must be uploaded together.

4. Strict Period Rules: Limits on shortening accounting reference periods.

5. Other Technical Changes:  A strengthened eligibility Statement is required by companies claiming audit exemption.

To review the news story “Companies House to bring in changes to accounts filing from April 2028,” please click: https://www.gov.uk/government/news/companies-house-to-bring-in-changes-to-accounts-filing-from-april-2028

As the implementation timetable has been moved, companies now have considerable time to prepare for the changes.

For all your UK tax advisory and compliance requirements including help preparing and filing your Tax Returns, please contact us at queries@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Tax Advisors and Qualified Accountants, Dublin

Today, 28^th May 2026, the Revenue Commissioners issued a press release.  In it, important changes were announced in relation to Customs Rules for the importation of goods, valued at €150 or less, from outside the European Union.  This includes Great Britain.  This change will take effect in every EU member state from 1^st July 2026.   

What does this mean?

From 1^st July 2026, the EU will introduce changes to the customs clearance of low‑value e‑commerce packages arriving from countries outside the EU, effectively making them more expensive.  A €3 customs duty will apply to each item within a package.  This will not just increase the cost of online purchases but it will also impact the process for returning goods.

What are the current rules?

Currently, a customs duty relief threshold is in place.  This means that no customs duty is applicable on eCommerce packages entering the EU on goods, excluding delivery charges, with an intrinsic value not exceeding €150.  However, from 1^st July 2026, that will change.

Where will the €3 customs duty be applied?

It will be applied at the checkout or upon delivery.

Anything else to consider?

• The new €3 customs duty per item will apply, plus VAT.

• The VAT rate payable on the goods is the VAT rate that would be applicable if those same goods were purchased in Ireland.

• In general, the €3 duty is non-refundable.

• Couriers and An Post will require that Irish consumers pay the €3 duty per item before the goods can be delivered.

• Before you make an online purchase, you should check exactly where the business is based. While no Customs duty applies if the goods are based in Ireland or any other EU member state at such time as those goods are ordered, it’s very important to know exactly where the business is located before you buy. Goods may be shipped from outside the European Union, even where a website appears to show the business as Irish or EU‑  According to Revenue:

“For businesses who do not show Customs Duty on its website, it is vital to check the website’s “Terms and Conditions” and, or “About Us” page to confirm its physical business address and the location from where the goods will be shipped.”

For further information, please click:

https://www.revenue.ie/en/customs/individuals/relief-low-value-consignments/index.aspx

https://www.revenue.ie/en/corporate/press-office/press-releases/2026/pr-052826-customs-rules.aspx

For all your tax questions including help preparing and filing your Tax Returns, please contact us at queries@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Revenue Audits, Compliance Interventions and Investigations. Prompted and Unprompted Qualifying Disclosures

On 15th May 2026, the Revenue Commissioners updated their website with the following: https://www.revenue.ie/en/self-assessment-and-self-employment/code-of-practice-and-compliance/index.aspx

If you have been selected for a Revenue Compliance Intervention, this 82 page Code of Practice for Revenue Compliance Interventions provides the relevant guidelines that Revenue, taxpayers and tax practitioners must follow.

A helpful video has also been provided and the following PowerPoint can now be downloaded.

If you have been selected for a Revenue Compliance Intervention, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Landlord’s Tax Relief Ireland, Residential Premises Rental Income Relief, RPRIR

Are you an individual landlord of rented residential property in Ireland?

If so, this nine page Revenue guidance material published today may be of interest to you, especially if you are a non-resident landlord.  In general, non-resident individuals are not entitled to any personal tax credits, reliefs and/or deductions. Section 1032 TCA 1997, however, provides that in certain circumstances, a portion of the credits, reliefs or deductions may be available, which is calculated by the ratio the Irish source income bears to the individual’s total income.

Are there any scenarios in which a clawback of the Relief may arise?

Section 4 of this Revenue guidance manual sets out the circumstances in which a clawback will arise:

The relief will be reclaimed in the following situations:

1. If the landlord ceases to be a landlord of a qualifying premises within four years of the first year in which relief is claimed. This may arise because the residential rental property is sold or gifted or because the landlord has removed it from the rental market

2. If the property is not rented to a tenant and is not actively listed for rent.

3. If the property’s use changes from a residential letting to say, a holiday home or a short-term letting.

4. If the property is rented to a connected person or a relative.

Important points to keep in mind:

• In circumstances where the landlord no longer qualifies for the RPRIR, a Revenue officer will amend the assessment for each year of assessment where the relief was claimed.

• The tax clawed back will not exceed the amount of relief actually claimed.

• The relief will not be clawed back in circumstances where the landlord dies during a year of assessment.

For further information, please click: https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-03-04.pdf

If you are a landlord of rented residential property in Ireland seeking comprehensive tax advice or looking to regularise your tax affairs, and wish to deal with a Property Taxes Specialist please contact us at queries@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Help Filing Form 11 Tax Return. Income Tax. Personal Taxes

If you’re a newly self-employed business owner, you are now officially part of the self-assessment tax system. This means you will need to file a Form 11 tax return with Revenue, on an annual basis. This annual filing requirement also applies to you if you:

• operate outside the PAYE system as a self-employed individual, sole trader, or subcontractor

• are a proprietary Director

• generate non-PAYE earnings from freelance work, “nixers,” investments, or dividends which exceed €5,000 in a tax year.

• Your gross non-PAYE income exceeds €30,000

• generate rental income from residential or commercial properties

• receive foreign income

• hold offshore funds, ETFs or other investments on which you receive income or gains.

The Pay and File deadline for the 2025 Income Tax Return Form 11 is 31st October 2026.

There is an extension if you pay and file on the Revenue Online Service. This extended deadline is Wednesday 18th November 2026.

For further information, please click: https://www.revenue.ie/en/tax-professionals/ebrief/2026/no-0342026.aspx

For full and comprehensive tax advice and assistance completing your Tax Returns, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

VAT Modernisation. EU VAT. Domestic and International VAT. Revenue Guidance.

On 8 October 2025, the Irish Revenue Commissioners published a roadmap, detailing the phased implementation of mandatory structured e-invoicing and real-time digital reporting for B2B transactions to align with EU VAT in the Digital Age (ViDA) requirements by 1st July 2030. Compliant invoices, adhering to the EN16931 standard via the PEPPOL network, will replace unstructured formats like PDFs to improve efficiency, while a three-phase approach allows businesses to prepare for these significant VAT modernization changes.  For the full report, please click: “VAT Modernisation: Implementation of e-invoicing in Ireland.”  

Today, 10th February 2026, Revenue confirmed that phase one of Ireland’s VAT modernisation regime will commence on 1st November 2028.  It mandates that all VAT-registered large companies issue structured e-invoices (such as XML formats complying with European Standard EN16931) for domestic business-to-business transactions and report a subset of relevant data. Furthermore, from this same date, all businesses operating in Ireland must possess the capability to receive these structured e-invoices.  Unstructured formats like PDFs or scanned paper documents will no longer meet the compliance requirements. For the purposes of this initial phase, a business is defined as a large corporate if its tax affairs are managed by Revenue’s Large Corporates Division (formerly Large Cases Division) and it is established or has a fixed establishment in Ireland. The Revenue Commissioners intend to write to these affected businesses in the coming weeks to formally confirm their inclusion in Phase 1.

For full information, please click the following links:

https://www.revenue.ie/en/vat/vida-vat-modernisation/large-corporates-vat-modernisation.aspx

https://www.revenue.ie/en/corporate/press-office/press-releases/2026/pr-021026-phase-one-vat-modernisation.aspx

For all your VAT and Revenue Compliance requirements, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.