Pearse Trust Blog

Corporation Tax Returns

A company's Corporation Tax return is due 9 months after the end of the accounting period, but no later than the 21st day of that month.  For example, where the company's period end is 31 December 2011 the tax return will be due by 21 September 2012.   Where tax returns and payments are made electronically, via the Revenue Commissioners' Online System, the tax return filing and payment deadlines are extended to the 23rd day of the month, therefore for the period ended 31 December 2011 the tax return and payment are due by 23 September 2012.

It is widely recognised that a director should not merely 'grace' board meetings, but participate actively in the affairs of the company and should, as an agent of the company, display utmost skill, care and diligence in the exercise of his or her powers and functions on behalf of the company.

Trusts and Foundations are used for very similar purposes and there are various aspects of these structures which are alike. However, there are crucial differences between the two and each is very unique in its own right. 

The Autumn Statement 2011 issued on 29^th November 2011 by the UK Chancellor, George Osborne, confirms the UK Government’s commitment to continue with the tax reforms introduced in Budget 2011 and in last year’s autumn statement.