Applying for Tax Registration Number
Tax Returns for organisations
After registering your company or a partnership, when the entity’s registration number is issued you can apply for a Tax Registration Number (TRN). By the way of applying you inform tax authorities about your business and become responsible for submitting tax returns and paying taxes.
You can either apply for TRN yourself by submitting a relevant form or your appointed tax agent can do it on your behalf. Same application form can be used to register for:
● Corporation Tax (CT)
● Employer Pay As You Earn (PAYE)
● Value-Added Tax (VAT)
● Relevant Contracts Tax (RCT)
Turnaround is 10 days.
You can either apply for TRN yourself by submitting a relevant form or your appointed tax agent can do it on your behalf. Same application form can be used to register for:
● Corporation Tax (CT)
● Employer Pay As You Earn (PAYE)
● Value-Added Tax (VAT)
● Relevant Contracts Tax (RCT)
Turnaround is 10 days.
Companies that are tax residents in Ireland are taxed on their worldwide profits, including capital gains. Non-resident companies are only subjected to Irish corporation tax on the trading profits generated through an Irish branch or agency. Additionally, these non-resident companies are liable for Irish income tax, generally enforced through withholding, on certain types of income sourced from Ireland.
The tax accounting period normally matches the company's financial accounting period. A company must file its return and pay any tax due nine months after the end of the accounting period. The company must make this payment on or before the 23rd of the ninth month in order to avoid penalties.
Both companies and partnerships must submit their tax returns to the revenue. Also companies are required to submit their financial statements to the Companies Registration Office together with the annual return.
Bridges will prepare financial statements and submit annual accounts on behalf of your company. Please get in touch to appoint us as your tax agent.
The tax accounting period normally matches the company's financial accounting period. A company must file its return and pay any tax due nine months after the end of the accounting period. The company must make this payment on or before the 23rd of the ninth month in order to avoid penalties.
Both companies and partnerships must submit their tax returns to the revenue. Also companies are required to submit their financial statements to the Companies Registration Office together with the annual return.
Bridges will prepare financial statements and submit annual accounts on behalf of your company. Please get in touch to appoint us as your tax agent.
GBP 175/ EUR 200
от GBP 680/ EUR 800
The standard VAT rate in Ireland stands at 23%. However, certain goods and services are subject to a reduced VAT rate. For further details, please feel free to contact us.
Should a business's turnover exceed the stipulated threshold over a 12-month period, VAT registration becomes mandatory. The specified thresholds in Ireland are as follows:
Nonetheless, businesses falling below the threshold may opt for voluntary VAT registration.
VAT need not be levied on sales of Irish goods or services to businesses situated outside the EU, inclusive of Great Britain, thus this is termed as zero-rated (0%).
To initiate a VAT registration in Ireland, one must complete, sign, and submit form TR1 (for individuals, sole traders, trusts, partnerships) or TR2 (for limited companies) to the Tax Authority online.
The standard timeframe for submitting VAT returns is bi-monthly, although companies in a consistent repayment position may be necessitated to submit VAT returns on a monthly basis.
Each business is required to submit an Annual Return of Trading Details, which entails a more comprehensive disclosure compared to the customary VAT returns submitted throughout the year. It's also feasible to submit annual VAT returns with monthly direct debit instalments.
Should a business's turnover exceed the stipulated threshold over a 12-month period, VAT registration becomes mandatory. The specified thresholds in Ireland are as follows:
- Supplying services exclusively – €37,500.
- Supplying goods exclusively – €75,000.
- Supplying both goods and services, wherein 90% or more of the turnover is derived from goods supplies – €75,000.
Nonetheless, businesses falling below the threshold may opt for voluntary VAT registration.
VAT need not be levied on sales of Irish goods or services to businesses situated outside the EU, inclusive of Great Britain, thus this is termed as zero-rated (0%).
To initiate a VAT registration in Ireland, one must complete, sign, and submit form TR1 (for individuals, sole traders, trusts, partnerships) or TR2 (for limited companies) to the Tax Authority online.
The standard timeframe for submitting VAT returns is bi-monthly, although companies in a consistent repayment position may be necessitated to submit VAT returns on a monthly basis.
- For an annual VAT liability ranging between €3,001 and €14,000, the period is four-monthly.
- If the annual VAT liability is below €3,000, the period is six-monthly.
Each business is required to submit an Annual Return of Trading Details, which entails a more comprehensive disclosure compared to the customary VAT returns submitted throughout the year. It's also feasible to submit annual VAT returns with monthly direct debit instalments.
Vat Returns
from EUR 60 monthly
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