Is this payable in the first year of the company's existence? (I'm guessing yes...)
From [broken link removed]
*New or Start-up companies
New or Start-up companies with a Corporation Tax liability of €150,000 or less for their first accounting period will not be required to pay Preliminary Tax in respect of that first accounting period and will instead be required to pay their final Corporation Tax liability for that accounting period at the same time as they are required to submit their Corporation Tax return, i.e. within nine months after the end of the accounting period, subject to the 21 day rule referred to above.
This measure has effect as respects accounting periods in respect of which Preliminary Tax is payable after 6 December 2006.
If a direct debit to Revenue has already been set up, this would normally already be covered, is that correct? If so, how to handle this - a nil return maybe?
You need to check if you are actually paying Corporation Tax this way. ( or is it VAT or employers PAYE/PRSI )