Irish Revenue Issues Guidance On COVID-19 Corporate Tax Return Deferral

27/04/2020

The Irish Revenue has updated its guidance on the impact on relief claims of the late filing of corporate tax returns, in the context of the coronavirus pandemic.

Tax and Duty Manual Part 47-06-04 now confirms that where a corporation tax in respect of an accounting period ending June 2019 onwards, and due from March 23, 2020, onwards, is filed late due to COVID-19 circumstances, certain restrictions of relief will not apply.

Under the Taxes Consolidation Act, claims to the following reliefs are restricted where tax returns are not submitted on time: excess capital allowances; loss relief; group relief claims; and group relief: surrender of "losses."

Source: Pride Partners International