Before you begin the filing process, ensure you have all the required financial information, including:

Company details: Registered name, address, and registration number.

Financial statements: Profit and loss statement, balance sheet, and any relevant financial documents. If you require finalising your financial statements as per the Companies Registration Office, please contact us and we will bring them to filing stage.

Determine your estimated tax liability for the upcoming financial year. The preliminary tax is typically based on the tax liability from the previous year. However, you have the option to estimate it based on the current year’s expected profits.

Please contact us and we will guide on whether to select previous year’s liability or the current year estimate. Further, our team can also negotiate with Revenue Commissioner’s on your behalf if you are facing difficulties on the current payment.

Navigate to the Revenue Online Service (ROS) at www.ros.ie and log in using your ROS credentials. If you don’t have an account, you’ll need to register. Our team can help your entity with the payment option as well.

Once logged in, select the “Preliminary Corporation Tax” option from the menu. This will guide you through the steps required for filing and paying your preliminary tax.

Fill out the necessary details in the online form. This includes your company information, estimated tax liability, and any other required information. Double-check for accuracy before proceeding.

Review the information you provided to ensure it is accurate and complete. Once satisfied, submit the form electronically through the ROS platform. You will receive a confirmation of submission.

After submitting the form, you’ll need to make the payment. The ROS platform provides various payment options, including direct debit, credit/debit card, and online banking. Choose the method that suits your preferences.

If you do not have a banking facility linked with ROS, our team can guide on this process as well.

Upon successful submission and payment, you will receive a confirmation. Keep this confirmation for your records, as it serves as proof of filing and payment.

Deadlines: Be aware of the filing and payment deadlines. Preliminary Corporation Tax is typically due by the 11^thmonth of the fiscal year, on the 23^rd date of the 11^th month. Late payments may incur penalties.

Professional Assistance: If you are uncertain about any aspect of the process, consider seeking advice from a tax professional or accountant. Contact us and we will provide assistance.

By following these steps and staying informed about any updates or changes in tax regulations, you can fulfill your Preliminary Corporation Tax obligations efficiently and in compliance with Irish tax laws.

Stay Connected: For real-time updates, tips, and reminders, be sure to follow us on social media platforms. We’ll be sharing valuable insights to help you meet the deadline with confidence.

If you have any questions or require assistance, please feel free to reach out to our dedicated support team at info@irishaccountant.ie .