Friday, September 13 16:07:12
The President of the Institute of Certified Public Accountants in Ireland (CPA Ireland), Joe Aherne, has said that any change in annual self assessment tax filing dates will increase pressure on cash strapped businesses.
Mr Aherne has warned of the need for full and open consultation with business prior to any move by Government to change the filing and payment dates for income tax returns in 2014 and subsequent years.
Speaking earlier today Mr Aherne said, while there has as yet been no indication from Government that the dates for filing self-assessment returns are to be changed, common sense dictates that they will have to move. This year, the Department of Finance will be framing Budget 2014 without knowing the total amount of tax receipts for 2013.
Mr Aherne believes that this will only lead to problems, adding framing a budget on best guesstimates is no way to run a business let alone a country and cannot become the norm. For this reason we expect the Government will announce a change in the dates for filing self-assessment returns from 2014 onwards.
Speaking on the EU Commissions decision to investigate Irelands tax regime for multi national companies, Mr Aherne said, Irelands effective corporation tax rate is higher than France and other jurisdictions. I applaud the clear and continuing commitment by this Government to the maintenance of the 12 .5 pc corporate tax rate.