Director's Tax Return - €100
Director's Tax Return is the annual Self-assessment Income Tax Return (Form 11) which needs to be submitted to Revenue each year by the 31st October.
Company directors are subject to self-assessment regardless of whether they have other income or not. Directors with no income are still required to complete a Form 11.
Director's Tax Return
just €100
Director Tax Return service includes:
Company Directors are typically registered for Income tax as as part of the company Tax Registration. However, if you have not received your Income tax registration yet, you should register before 31 October following the year when your company was registered.
Newly registering or re-registering income tax payers are required to pay and file Form 11 electronically, on the Revenue Online Service (ROS).
To access your Form 11 in ROS, you must be registered for ROS first.
Form 11 involves disclosure of income and tax calculation under the following tax heads: Income tax, Universal Social Charge (USC) and PRSI.
Company Director is entitled to a range of tax credits and reliefs. We process the following reliefs as part of the director's tax return: Personal credit, Earned credit or PAYE credit, Flat rate expenses credit, Medical expenses relief, tuition fees relief, Pension relief.
We provide clients with a draft Income Tax return for their review to ensure all income is declared and all tax reliefs have been claimed. Subject to client's approval, we submit Form 11 to Revenue electronically via ROS.
Following a submission of Form 11, Revenue issue a letter formerly known as Notice of Assessment. We review the assessment enclosed in the letter to ensure the tax has been assessed correctly.
If additional tax is payable as a result of income declared in the tax return, we will process the payment via ROS Single Debit Instruction as instructed by client. If a refund is due, we will arrange it to be re-paid by Revenue.
TAX RELIEFS INCLUDED
Personal Tax Credit
Earned Tax Credit
Flat-rate Expenses Credit
Pension Relief
Medical Expenses Relief
Tuition fees Relief
ALL YOU NEED TO KNOW ABOUT FORM 11
Who needs to file Form 11?
A proprietary director of a trading company or their jointly assessed spouse or civil partner, remains a chargeable person for the purposes of Income Tax Self-Assessment. As a ‘chargeable person’, you are obliged to complete and submit a self-assessment Income tax return - Form 11 Pay and File Tax Return - each year starting 1 January and ending 31 December.
A proprietary director is a director who can control, either directly or indirectly, more than 15% of the share capital of a company.
All proprietary directors are ‘chargeable persons’ and must submit a self-assessment Income tax return every year.
What if Director has no income?
Proprietary directors are subject to self-assessment regardless of whether they have other income or not. Proprietary Directors are still required to complete a Form 11.
Exemptions for Company Directors
There are exemptions from the requirement to file an Income tax return for company directors:
1) Non-proprietary directors all of whose income is subject to tax under PAYE are not required to file an annual return of income under self-assessment. A non-proprietary director is a director which controls less than 15% share capital of the company.
2) Non-trading company - An exception to the general rule applies to company directors, where a company meets the following conditions during the 3 years ending on 31 December -
- company was not entitled to any assets other than cash on hands or money on deposit not exceeding €130,
- company did not carry on a trade, business or other activity, and
- company did not pay any charges on income
Directors falling into the above categories are not obliged to submit an annual income tax return.
How to file Director Tax Return?
Newly registering or re-registering income tax payers are required to pay and file electronically, on the Revenue Online Service (ROS).
Your completed tax return is to be submitted annually on or before 31 October.
Where the completed return is received after 31 October a surcharge (5% if submitted within two months, otherwise 10%) may be added to your tax liability. Tax law also provides for penalties for failure to make a return.
Do you need help with your Director Tax Return?
1. Complete the form
2. Pay via secure PayPal
3. We contact you with info
4. You receive your return
Director Tax Return
just €100
- ROS Registration
- Income Tax Registration
- Form 11 preparation
- Tax Reliefs Claims
- Form 11 submission to Revenue
- Review of Revenue assessment
- Tax payment or Refund processing
Pay now & Get your Tax Return completed in a week
Proxima Tax Services Ltd
Unit 3G North Point House
North Point Business Park
Mallow Road, Cork
Ireland
info@proxima.ie
021 237 30 87
Company Registration No: 613314
Revenue Tax Agent No: 76472U
CRO Electronic Filing Agent No: 613314C
