Corporation Tax Returns
Helping businesses stay compliant while maximising tax efficiency
What Are Corporation Tax Returns?
If your business is registered as a limited company in Ireland, you are required to file Corporation Tax Returns (Form CT1) each year with Revenue. This involves declaring your company’s profits, allowable expenses, reliefs, and tax liabilities.
At Richard OShea Consultancy, we make sure your return is accurate, compliant, and optimised to save you money where possible.
Who Needs to File?
Corporation Tax Returns apply to all Irish resident companies, including:
- Start-ups and small companies
- Growing businesses with employees
- Established companies with domestic or international operations
- Companies with passive income (e.g., investments, rental income)
What’s Included?
When we assist with your Corporation Tax Return, you can expect:
- Preparation and filing of Form CT1 with Revenue
- Accurate calculation of taxable profits
- Application of available reliefs (e.g., R&D tax credits, Knowledge Development Box)
- Review of allowable expenses and deductions
- Compliance checks to avoid penalties
- Advice on profit extraction (dividends, directors ’salaries)
- Support with Revenue queries.
Why It Matters
- Compliance – Avoid penalties and interest charges
- Efficiency – Ensure your company only pays the right amount of tax
- Cash flow management – Plan for tax payments without surprises
- Long-term savings – Optimise your business structure for growth
Frequently Asked Questions
When are Corporation Tax Returns due?
When filing online, the CT1 return is due 8 months and 23 days after your company’s year-end.
What is the current Corporation Tax rate in Ireland?
- 12.5% for trading income.
- 25% for non-trading income (e.g., rental, passive income).
Can you help reduce my company’s tax bill?
Yes, we ensure your business claims all available deductions and reliefs.
Next Step
Let Richard OShea Consultancy take care of your Corporation Tax Return so you can focus on running and growing your business.
Helpful Resources
Phased Payment Arrangements Ireland – Complete Guide
Struggling with a tax bill? Revenue’s Phased Payment Arrangements let Irish businesses spread payments over time.
Understanding Financial Statement Requirements in Ireland: A Simple Guide for Businesses
Maintaining your company’s financial records isn’t just good practice, it’s a legal requirement in Ireland. Whether you’re a small startup or an established enterprise, it’s important to understand your obligations around tax, accounting, and audits. The Companies Act 2014 sets out these requirements to ensure transparency and accountability. What Financial Documents Do You Need? At […]
Understanding VAT in Ireland
Learn the basics of VAT in Ireland – rates, registration, and compliance tips for business owners. Stay on top of your tax obligations.
