As a PAYE worker, knowing the important tax dates is crucial so you ensure you pay the right amounts of tax, at the right time. And individuals in Ireland must be aware of these important tax dates to avoid penalties and ensure compliance, so here’s a comprehensive timeline to help you navigate the calendar of key dates throughout the year.
January – March:
During the first quarter of the year, you must submit your details, permissions, and Other Tax Credits’ such as Medical Expenses, Rent Tax Credit, Working from Home credit and Dependent Relatives Tax Credit for review. Have these things ready to share with us so we can ensure all necessary information is in place for the new tax year available and claim your rebate quickly. Here are some specific dates to be aware of during this period:
1st January:
- This is the start of the Irish tax year, where the new Employment Detail Summary and the Income Tax Return Form 12 are available for taxpayers to complete and submit.
- This date is also the commencement of Local Property Tax (LPT) phased payments.
10th January:
This is the deadline for paying LPT in full. To avoid surcharges or underpayments, it is essential to ensure your USC and local property tax is current and prevent any LPT offsets to your potential rebate.
15th January:
This is the start date for monthly direct debit payments for Local Property Tax (LPT). From this date, payments are automatically deducted from the taxpayer’s bank account on the 15th day of each subsequent month, facilitating a spread of the tax liability over the year.
15th February
The P60 replacement, the Employment Detail Summary, is a certificate of your annual earnings provided through your MyAccount on Revenue by this date.
31 March
This is the income tax deadline for claiming Separate Assessment for the year and also the deadline for nominating an Assessable Spouse or a Nominated Civil Partner.
April-August: Review and Preparation
This period is typically quieter, with few PAYE deadlines, providing an excellent opportunity to submit your tax return with us so you can prepare for the summer holidays and back-to-school or college expenses. This is a great time to get your tax affairs in order ahead of the busy end of the year. It is especially important if any circumstances change during the year (e.g., marriage, buying a home, or changing jobs).
September & October: Budget Time
Budget Day:
Budget Day is a significant tax date each year because it’s when the government outlines its fiscal policies, including tax provisions for the upcoming year. This announcement is consequential for both individuals and businesses, as it directly affects their financial planning and strategies. Changes in tax rates, allowances, and relief measures are typically announced, allowing citizens and corporations to understand and prepare for their financial obligations. Budget Day for the 2024 tax year was on the 10th of October; however, for 2025, it was brought forward to the 1st of October.
31st October:
For PAYE workers in Ireland, the 31st of October holds less direct significance compared to self-employed individuals or those with additional sources of non-PAYE income.
This is because PAYE earners have their income tax and other deductions automatically calculated and taken from their wages by their employers throughout the tax year. However, there are instances where PAYE workers might need to pay attention to this date:
- Additional Income: PAYE workers who have other sources of income, such as rental income, investment income, or perhaps income from freelance work, are required to file a return for this additional income. The 31st of October is the deadline to declare these earnings for the previous tax year and pay any tax owed.
- Claiming Tax Credits and Reliefs: Although the primary interactions with the tax system for PAYE workers happen automatically, they can still claim various tax credits and reliefs to reduce their tax liability. The 31st of October deadline also applies to a backdated pension contribution. A taxpayer can elect to backdate a pension payment to the previous year, however, the Form 12 must include the pension payment must be filed by the 31st of October.
- Preliminary Tax for Upcoming Year: If a PAYE worker, for any reason, has additional tax liabilities that don’t get covered through the PAYE system, they must calculate and pay their preliminary tax for the upcoming year by this date as well.
November & December:
This is the time to get ready for the new tax year and get your details, permissions and Other Tax Credits’ such as Medical Expenses, Rent Tax Credit, Working from Home credit and Dependent Relatives Tax Credit into us for your January review. Dates to be aware of during this period are:
Mid-November:
Around this time, the Revenue Online Service (ROS) offers an extension for taxpayers, allowing their income tax return deadline to be extended to mid-November, providing a grace period after October 31st.
2nd December:
On this date, property owners are required to declare the valuation of properties that will be subject to LPT for the upcoming year. This declaration is a crucial step in ensuring that property taxes are accurately assessed and collected, reflecting the current market value of the property.
15th December:
On the 15th of December, Capital Gains Tax (CGT) payments on gains made between the 1st of January and the 30th of November are due. If you believe you’re subject to CGT, our sister company, Tax Return Plus, can help you.
31st December
This is the four-year refund claim deadline, meaning you have four years from the end of the tax year to claim a tax refund. For example, for the tax year 2020, you must claim your refund by 31st December 2024. These dates form the backbone of the Ireland tax calendar, ensuring that all taxation obligations are met promptly.
What is the Most Important Tax Date?
The 31st of December is a crucial date so you don’t miss out on any unclaimed tax credits or tax relief from 4 years previous. Make sure you contact Irish Tax Rebates before this date so you don’t miss out on any tax you’re owed from 4 years ago!
What is The Tax Year In Ireland?
The tax year in Ireland runs from 1st January to 31st December.
What Happens if I Overpay Tax?
If you overpay tax in Ireland, you are entitled to claim a refund. The process involves reviewing your tax affairs to ensure you’ve availed of all the credits and reliefs you’re entitled to. To claim a refund as a PAYE worker, you might need to file a Form 12 where you detail your income and reliefs for the year. It’s essential to have all relevant documentation, such as medical expense receipts or records of contributions to pension schemes, as they might influence the refund amount. Once your claim is processed, if it’s determined that you’ve overpaid tax, Revenue will issue a refund directly to your bank account or send you a cheque. The process could take a few weeks, depending on the complexity of your tax affairs and the time of year.
The process can be time-consuming, and there could be relief you miss, so having a tax agent like us here at Irish Tax Rebates is the best way to go and we guarantee you every cent you’re owed!
Claim Tax Benefits in Ireland with Irish Tax Rebates!
Irish Tax Rebates is a trusted tax agent with 20+ years of experience in the tax rebate industry and over 325,000 customers in Ireland. Our team of qualified tax accountants are very knowledgeable about the tax system and fights hard to get you every cent you are owed.
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