Limerick Chamber has today (20/11/13) welcomed the focus of the Oireachtas Joint Committee on Finance, Public Expenditure and Reform on proposed changes to amend the filing deadline for self-employed businesses and individuals.
Speaking this morning, Limerick Chamber Chief Executive Maria Kelly said, “This proposal is completely unworkable and we call on Chairman Ciarán Lynch T.D. and the committee to rigorously review it and recommend that the Department of Finance drops this proposal. Government has introduced a number of measures in Budget 2014 to help businesses and their cash flows and enactment of these new proposals will absolutely reverse all positive measures taken. The recently passed deadline for 2013 demonstrated how strained tax advisors and businesses already are to meet a mid-November deadline. More importantly the proposal will require the payment of taxes based on budgets and estimates for several months into the future. Legislation to pay taxes requiring the effective use of a crystal ball is surely doomed to failure.”
Limerick Chamber recently made a submission to the Department of Finance in relation to the Pay and File Deadline.
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For further information contact Edwina Gore, Limerick Chamber on 061 217607, 087 6295323 or email pr@limerickchamber.ie
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