pay and file types

[Lambda]

Hi all
I was told during one of these FAS seminar about self employed tax return, that one can either:
A: pay 100% of 2005 income tax by 31/10/2006
B: Pay 90% of current year income tax(2006) + 10%( balance of 2005) by 31/10/2006
I scaned revenue web site and I cannot find any mention of option A any where. there is no mention of it on form 11 either.
thanks

 

[BigM]

You're correct, and there's also a 3rd option: pay 105% of the pre-preceding year's liability (I think it has to be by Direct Debit though).

Here's the link to the relevant Revenue Leaflet (search 100% 2004 liability in Revenue.ie keyword search engine)

[broken link removed]

 

[Lambda]

thanks exactly what I could not find. so under the 100%, as this is my 2nd year but did not file last year as i started in november, this year I will pay 100% of 2005 for last year tax + 100% of 2005 as a preliminary tax for 2006. thanks a lot.