Wednesday 21 March 2018

Give your bank authority to make 12 monthly instalments

when is tax due? January 15, 2014 (First instalment)

A direct debit gives authority to your bank to make a payment to a named company or government agency.

You are essentially instructing the bank to pay the tax in 12 monthly instalments. If you opt for this payment method then the first amount will come out of your bank account on January 15.

Taxpayers need to supply Revenue with the name and address of their bank, the account number and sort code.

You will also need to supply your PPSN (personal public service number).

Irish Independent

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