Government U-turn on early tax returns
No changes to the pay and file regime for 2014
PRESSURE from farmers and the self-employed has forced the Government to drop plans to make them file their tax returns earlier than normal next year.
There will be no change to next year’s deadline of the end of October, with those who file on line having two weeks more time to file.
But the Department of Finance no decision had been made yet for the date for paying and filing in 2015.
In a statement it said: “Following a consultation process in relation to changes required to the pay-and-file dates, the Minister for Finance has decided not to introduce any changes to the pay and file regime for 2014.
“The minister’s intention to bring annual pay and file dates forward remains, in order to provide increased certainty around the annual tax take and forecasting process following the move to an earlier Budget day.
The department wanted to bring the pay-and-file date forward so that officials have all the information needed to finalise the earlier Budget.
Budgets are now in October instead of December, as part of new EU rules.
Because of this, the department has proposed moving the pay-and-file deadline to either the end of June or mid-September.