Questions and Answers
Capital Gains Tax December Deadline
Q. I think I may have missed the deadline for paying a Capital Gains Tax bill. Will I be charged interest by Revenue?
A. For any disposals liable to Capital Gains Tax (CGT) made between 1 January 2017 and 30 November 2017 you must pay CGT by 15 December 2017.
If you missed this deadline then Revenue can impose interest for late payment at a rate of .0219% per day that the payment remains outstanding.
The longer the payment remains outstanding there is the increased likelihood that you could be selected for audit which may result in the imposition of additional penalties.
Even if you have missed the deadline talk to your accountant ASAP to ensure that your affairs are brought up to date in a timely manner.
Date published 15 Dec 2017
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.