Any tax you owe in 2020 that was not already paid in your preliminary tax the previous year is referred to as the balance of tax.
You will also have to pay a surcharge of 5% of your tax due up to €12,695 (within two months of the deadline) or 10% of your tax due up to €63,485 if you file your tax return after the deadline (after 2 months past the tax return deadline).
The deadline of November 17th, 2021, is only for those who use ROS to submit ALL of the following:
Your return and payments are due by the 31st of October if only one of the above is completed via ROS.
Remember that your tax return, as well as your payment, must be submitted by the deadline. If you don’t, you could face a surcharge, interest, and penalties.
You must file an income tax return using self-assessment if you are required to do so. This can be a stressful experience because late filing or submitting an incorrect return can result in significant penalties. That is why, before filing your annual income tax return, we always recommend consulting a tax professional.
If you have any queries, or would like specific advice, then please do not hesitate to contact us
call us on +353 (0)1 442 8230, 00353 851477625 or email email@example.com