Remitting Tax
- What Tax can I pay by Direct Debit?
- How does Direct Debit work?
- What are the advantages of paying my tax by Direct Debit?
- Is there a simple way of making my income tax return?
What Tax can I pay by Direct Debit?
You can pay your Preliminary Tax (Income Tax), VAT, or Employers PAYE/PRSI by way of Direct Debit.
How does Direct Debit work?
To avail of Direct Debit you must complete and sign a mandate which allows for agreed monthly deduction(s) from your bank account, for credit to your tax account(s). You remain in total control of the monthly amount(s) you have agreed to pay and the figure can be amended at any time by completing a fresh mandate form.
What are the advantages of paying my tax by Direct Debit?
Preliminary Tax (Income Tax)
By paying your Preliminary Tax by Direct Debit you can spread the payment over the calendar year for which the tax is due. This is particularly suitable if you find it difficult to make one lump sum payment in October.
Employer’s PAYE/PRSI and VAT
You will only have to fill in one annual return as follows:
- For PAYE/PRSI you will only need to fill in the P35 at the end of the year and you will not have to fill in Forms P30 on a monthly basis
- For VAT you will only need to fill in one annual VAT3 form at the end of the year and you will not have to fill in VAT3s on a bi-monthly basis.
Is there a simple way of making my income tax return?
Yes. The Revenue On-Line Service (ROS) offers the quickest, easiest and most convenient way for you to file your tax return (and pay your tax liability) as it provides an instant calculation of your liability. Access ROS via the Revenue website.