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General

30 September 2005 Capital Gains Tax (CGT) on chargeable gains arising in the period 1 January to 30 September 2005 is due by 31 October 2005. CGT on gains arising in the period 1 October 2005 to 31 December 2005 will be due on or before 31 January 2006. The deferral of disposals to 1 October 2005 could defer a CGT payment date by up to 3 months. Furthermore, individuals with capital losses arising in the period 1 October 2005 to 31 December 2005 following gains arising in the first 9 months of the year are required to make a tax payment on 31 October 2005. It may be preferable, if possible, to ensure that capital losses are crystallised prior to 30 September in any given tax year.

Relevant dates for companies

14 August 2005 Dividend withholding tax return filing and payment date (for distributions made in July 2005).

21 August 2005 Due date for payment of 1st instalment of preliminary tax for companies with a financial year ended 30 September 2005 and due date for payment of 2nd instalment of preliminary corporation tax for companies with a financial year ended 28 February 2005.

21 August 2005 Last date for filing corporation tax return CT1 for companies with a financial year ending on 30 November 2004 with the Collector General’s Office.

Due date for balancing payments for the same period.

31 August 2005 Last date for filing third party payments return 46G for companies with a financial year ending on 30 November 2004.

31 August 2005 Latest date for payment of dividends for the period ended 29 February 2004 to avoid Sections 440 and 441 TCA97 surcharges on investment/rental/professional services income arising in that period (close companies only).

14 September 2005 Dividend withholding tax return filing and payment date (for distributions made in August 2005).

21 September 2005 Due date for payment of 1st instalment of preliminary tax for companies with a financial year ended 31 October 2005 and 2nd instalment of preliminary corporation tax for companies with a financial year ended 31 March 2005.

21 September 2005 Last date for filing corporation tax return CT1 for companies with a financial year ending on 31 December 2004.

Due date for any balancing payment in respect of the same accounting period.

30 September 2005 Last date for filing third party payments return 46G for companies with a financial year ending on 31 December 2004.

30 September 2005 Latest date for payment of dividends for the period ended 31 March 2004 to avoid Sections 440 and 441 TCA97 surcharges on investment/rental/professional services income arising in that period (close companies only).

30 September 2005 Under the Revenue’s Code of Practice for Revenue Audits certain time limits are outlined within which ‘self-corrections’ may be made. ‘Self-corrections’ enable a taxpayer to amend a submitted return without penalties. According to these guidelines ‘self-correction’ claims for corporation tax for accounting periods ended 31 December 2003 must be made by 30 September 2005.