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Our Irish tax team will handle all of your tricky tax paperwork and ensure you claim every tax relief you’re entitled to – all for a fraction of the cost of an accountant! Just complete the short form to get started!
If you’re self-employed in Ireland, you’re obliged to file an annual tax return. This is referred to as a ‘self assessed tax return’. Under the self-assessment system in Ireland, all self-employed people must report all income earned to Revenue by filing a tax return.
Your tax return is also used to claim any tax allowances that can be offset against your tax bill. You have to file an Irish tax return if any of the following circumstances apply to you
If you earn income outside the PAYE system – for example as a sole trader or self-employed individual – you are required to report this income to Revenue by filing a tax return each year. Taxback will ensure you avail of every tax relief and deduction you’re entitled to, minimising the tax due on your trading income.
If you earn money from renting out a residential or commercial property – such as a house, apartment, office or farmland – it is taxable and you must file a tax return. You can easily file your rental income tax return online with Tax Quick Refund.
Rent-a-room relief enables eligible homeowners to earn €14,000 in tax-exempt rental income from private tenants. Despite being considered ‘Exempt Income’, you must still include this income on your annual tax return.
If you earn a profit from investments (such as stocks, shares, property or cryptocurrency), it is likely that you will be required to pay tax and file a return. Tax Quick Refund will manage all the tricky tax paperwork and ensure you are 100% compliant with Revenue.
Do you earn money through the sharing economy – for example by renting out a spare room on Airbnb or delivering food with Deliveroo? Even if this is not your main source of income, you are still required to file a return and pay your tax bill. The good news is there may be a number of deductions you can use to reduce your overall tax bill. Tax Quick Refund will help you claim every relief you’re due and file your tax return with Revenue.
CGT is a tax charged on the capital gain (profit) made on the disposal of an asset. So, if you invest your money in an asset (like stocks, shares or even a real property) and you subsequently make a profit when selling the asset, it is likely that you will have to pay CGT (usually at 33%) and file a tax return. Alternatively, if you make a loss from an investment, you can deduct this loss from a future capital gain tax liability. The deadline to file your CGT tax return is 31 October and Tax Quick Refund will file the paperwork with Revenue on your behalf.
Meanwhile, the exact deadline to pay your CGT tax bill depends on when you dispose of your asset. For disposals in the initial period (1 January – 30 November), CGT payments are due by 15 December in the same tax year. CGT for disposals in the later period (1 December – 31 December) is due by 31 January of the following tax year.
Received a gift or inheritance this year? You may be required to pay a ‘gift tax’ – also called Capital Acquisitions Tax (CAT). You’ll pay CAT if a gift is valued over a certain limit (various thresholds apply). The thresholds are dependent on the relationship between you and the gift giver. Tax Quick Refund will help you to file your Capital Acquisition Tax return easily online. Our tax team will work with you to ensure you claim every tax relief you are entitled to, minimising your tax bill.
A lot of contractors and people who work for themselves can’t afford expensive accountancy fees.
That’s why we developed a service that is a fraction of the cost of using an accountant. We will prepare and file your tax return and claim any applicable allowances.
Our tax return service starts at a flat fee of €286 (VAT inclusive).
The 2023 tax return deadline is 31 October 2024 (extended to 14 November if pay & file online), so file today to avoid late fees.
At Tax Quick Refund, we have developed a comprehensive self-assessed tax filing solution which costs our users a fraction of the price of an accountant.
As a Tax Quick Refund user, you will have access to a team of Irish tax experts who are ready to guide you through the process of filing your self-assessed tax return. They will also advise you of the tax reliefs you are entitled to claim.
Our packages are priced according to the complexity of each individual’s personal circumstances and tax affairs.
However, our tax return service starts at a flat fee of €286 (where there is a single source of employment income).
If you would like assistance with filing your self-assessed taxes, contact Tax Quick Refund today and a member of our team will be delighted to help you get started.
If you’re self-employed in Ireland, perhaps as a consultant, architect or construction sub-contractor, you’re legally obliged to declare any income you receive on an annual self-assessed tax return. This information will be used to work out how much tax you should pay.
You should also file a self-assessed tax return if you earn income from other sources such as:
For those who have registered, the tax office will issue your self-assessed tax return forms at the end of the tax year. If you receive one you must submit it, even if you had no self-assessable income.
You must file your return and pay your taxes by 31 October or you may face a surcharge and interest on any money owed.
NOTE: Even if you worked only part of the year as self-employed and were PAYE the rest of the time, you still need to file a self-assessed tax return.
Yes, if you’re self-employed in Ireland you can claim back business-related expenses. Expenses can significantly reduce your tax liability and are a vital part of your tax return. Many people forget to include this and leave thousands of euros worth of tax refunds unclaimed.
To claim, the expense must be directly related to earning your profits.
Examples include:
Note: Remember to keep your receipts and records of income and expenditure.
If you’re self-employed in Ireland, you’re responsible for your own tax and PRSI.
This means:
Yes. Rental income is any income from lettings and can be from a house, flat, factory, office, etc. You must pay tax on any profit arising from rental income and declare it under the self-assessment system.
Rental profit or loss is calculated in terms of the total receipts to which the person becomes entitled in any tax year. A rental loss occurs when the total allowable expenses are more than the rents received.
Allowable expenses include insurance, ground rent, electricity/heating, repairs, advertising for tenants, and mortgage interest if registered with PTSB, etc.
NOTE: It’s very important to keep all records of income, such as receipts, invoices, bank and building society statements, cheque stubs, etc.
you’ve paid qualifying health and non-routine dental expenses during the tax year not covered by an insurance provider, Tax Quick Refund can claim tax relief on these expenses for you.
Examples of qualifying medical expenses:
Qualifying non-routine dental treatments:
Don’t forget to keep your receipts!
If you’re paying tuition fees in respect of certain third level undergraduate or postgraduate courses or certain language or IT courses you may qualify for tax relief. It will depend on the course of study and institution.
Revenue disregards a certain amount of the qualifying fees in respect to each claim. For example, for a full-time course in 2015 the first €3,000 is disregarded from the qualifying tuition fees.
Fees for private colleges can be well above the level disregarded, which could mean a valuable tax credit.
Tax Quick Refund can claim your tuition tax relief for you.
No, as this relief was abolished on 1 January 2011.
Once you send us your documents and signed forms, we’ll evaluate your case and let you know how much it will cost to file your self-assessed tax return.
RCT (Relevant Contracts Tax) is a tax system where the principal contractor deducts tax at either 0%, 20% or 35% from payments to subcontractors, depending on the tax status of the subcontractor.
RCT applies to construction, forestry, and meat processing operations and only when the principal contractor and subcontractor operate in the same industry.
Revenue now operates an electronic RCT system, which was introduced on 1 January 2012.
The self-assessment system in Ireland applies to all self-employed people and is used to report income, capital gains or claim tax allowances against your tax bill. It’s called self-assessment because you’re responsible for making sure the details are correct and ensuring you pay the right amount of tax – even if you don’t actually work out the tax yourself.
When you get your self-assessment forms at the end of the tax year, you’ll need to provide details of all taxable income and gains you received in the year. This form will also allow you to claim allowances on it as well.
Filing a self-assessed tax return can be confusing and complicated.
Register online today and let Tax Quick Refund sort your Irish tax affairs out for you.
It depends. As part of your self-assessed tax return, we’ll claim for any allowances and work-related expenses you’re entitled to. Your tax refund will depend on your earnings and expenses.
VAT is a tax levied on the supply of goods and services in EU and many non-EU countries which may add between 5% and 25% to your expenses.
If your company does business abroad you may be entitled to recover VAT on expenses including:
Our international VAT reclamation service provided by our sister company, Taxback International, can secure corporate VAT refunds from 41 countries.
If you earn income in Ireland outside of your income as a PAYE employee, you may need to declare it by filing a self-assessed tax return by 31 October.
Extra income includes:
Yes, our Landlord Tax Return service will provide you with a dedicated Account Manager and make sure you don’t miss the annual tax deadline for declaring rental income.
Since 1 Jan 2012, tax relief for service charges has been abolished.
We’ll give you a personal, secure online account to follow the progress of your application online.
We’ll also provide 24/7 support through our Live Chat service so you can have your questions answered anytime.
In Ireland, everyone must make Pay Related Social Insurance (PRSI) contributions on relevant earnings. PRSI is made up of social insurance and health contributions.
Social insurance goes to social insurance funds to pay for social welfare and benefits in Ireland. The health contribution goes to the Department of Health and Children to help fund health services in Ireland.
As a self-employed worker, you’re responsible for your own PRSI contributions and must pay through the self-assessment tax system.
It’s easy! Get started here now.
