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Accountants warn of tax deadline 'crisis'

 

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'The letter acknowledged that Revenue has supported accountants and clients in recent months but asked for further help at this time.' (stock photo)

'The letter acknowledged that Revenue has supported accountants and clients in recent months but asked for further help at this time.' (stock photo)

'The letter acknowledged that Revenue has supported accountants and clients in recent months but asked for further help at this time.' (stock photo)

Accountants have written to the Revenue Commissioners warning of a tax deadline 'crisis' in the coming weeks.

The Consultative Committee of Accountancy Bodies Ireland (CCAB-I), which is an umbrella group for a number of organisations, has said that accountants from all over the country are raising concerns about fast-approaching filing deadlines.

"Members in practice from all over the country have been in contact with us in recent weeks telling us of the huge work pressures they face and resourcing constraints in meeting the tax deadlines," said a statement on the Chartered Accountants Ireland (CAI) website, a member body.

The letter to Revenue said: "Accountants in small to medium-size practices are facing a crisis this Autumn in terms of getting tax returns filed by the deadlines on behalf of their clients.

"The key problem for our members is that they are working at least eight weeks behind schedule due to work time lost during the lockdown restrictions."

It flagged the fact that staff were "unable to work full hours over the summer due to childcare constraints and an increased workload supporting clients with the wage subsidy schemes, other government grants and subsidy applications, and revised credit arrangements with banks and landlords."

The letter acknowledged that Revenue has supported accountants and clients in recent months but asked for further help at this time.

"Accountants will make every effort to ensure that as many tax returns as possible are filed on time, but due to the extraordinary circumstances brought about by Covid-19, there will be instances where it is just not humanly possible to make the deadline.

"A cohesive respite in the application of surcharges will be of immense importance to accountants who find themselves in difficulty."

The CCAB-I letter said that organisations were fielding concerns from members daily regarding the Corporation Tax deadline of September 23 and the Income Tax deadline of November 12.

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