2. eFiling has been mandatory since 1 January
2009 for businesses filing with Large Cases
Division
Draft Statement of Strategy 2011-2013 -
key objective is establishment of electronic
channels as norm for doing business with
Revenue
Plan to extend mandatory eFiling
Mandatory eFiling
4. Mandatory Filing From 1 May Next
All companies
All partnerships
All trusts
Individuals subject to the high earners’
restriction
Individual employers with more than 10
employees on the P35 for 2010
5. From 1 May Next (cont.)
Individuals benefiting from or acquiring
foreign life policies, offshore funds or other
offshore products
Individuals claiming property based
incentives and industrial based incentives
Submission of Form 46G – return of
payments to third parties
6. Mandatory Filing From 1 January 2012
All businesses registered for VAT
Individuals claiming one or more specified
reliefs or allowances
7. Mandatory Filing From 1 January 2013
All individuals (non VAT registered) whose
annual turnover or gross receipts exceed
– €75,000 if selling goods, or
– €37,500 if providing services or receiving
rental income.
8. Extract From Financial Statements
Income
Sales / Receipts / Turnover
Receipts from Govt Agencies
Other Income
Trading Account Items
Purchases
Gross Trading Profits
Expenses and Deductions
Salaries / Wages, Staff costs
Directors’ remuneration
Sub-contractors
Consultancy, Professional fees
Motor, Travel and Subsistence
Repairs / Renewals
Interest Payable
Depreciation, Goodwill / Capital
Write-off
Provisions including Bad Debts
Other expenses (Total)
Balance Sheet, Capital and
Reserves
Balance of Directors’ current
and loan accounts
Stock, Work in Progress,
Finished goods
Debtors and Prepayments
Cash on hand / Bank - Debit
Bank / Loans / Overdraft -
Credit
Creditors and Accruals
Tax Creditors
Shareholders’ Funds
10. National Agenda
Public service is going to have to work smarter
with a lot less
Better regulation: need for more easily accessible
real-time data
Provision of similar information to different
government agencies
Filing with USC, HMRC and others
Continue to market Ireland as an attractive place
to do business
Make it as easy as possible for business to comply
with the regulatory burden.
11. Where Are We Now?
Financial statements and computations
electronically with the ROS return on a voluntary
basis from the end of next year
Targeted at existing mandatory eFilers with our
Large Cases Division
Objective is to link mandatory submission of
financial statements in XBRL with the final
January 2013 mandatory eFiling date
Irish GAAP taxonomy in XBRL
Working closely with CRO and CSO
12. Contact Details
Seán Leake – Income and Capital Taxes Division
sleake@revenue.ie
Kevin Mulkerrins – Planning Division
kmulkerr@revenue.ie
Martin Roche – Large Cases Division
mtnroche@revenue.ie