Change in Pay and File Deadline Completely Unworkable

Chambers Ireland has today (20/11/13) welcomed the focus of the Oireachtas Joint Committee on Finance, Public Expenditure and Reform on proposed changes to amend the filing deadline for self employed businesses and individuals. 

Speaking this morning, Chambers Ireland Chief Executive Ian Talbot said “This proposal is completely unworkable and we call on Chairman Ciarán Lynch T.D. and the committee to rigorously review it and recommend that the Department of Finance drops this proposal. Government has introduced a number of measures in Budget 2014 to help businesses and their cash flows and enactment of these new proposals will absolutely reverse all positive measures taken. The recently passed deadline for 2013 demonstrated how strained tax advisors and businesses already are to meet a mid November deadline. More importantly the proposal will require the payment of taxes based on budgets and estimates for several months into the future. Legislation to pay taxes requiring the effective use of a crystal ball is surely doomed to failure.”

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email amy.woods@www.chambers.ie .