Paying large amount online to Revenue?

Z

Zanatoo

Registered User
Messages
11
Hi Folks,

I received quite a large gift earlier in the year and being the procrastinator I am, I've left it to the last minute to pay the tax.

At this stage, online is my best option to ensure making the deadline of next Thursday.

My question is, the amount I have to pay is €26k. I've already registered for CAT through myAccount but I'm just wondering if the amount is going to be an issue for the 'direct debit' method of payment? I bank with AIB.

Thanks for any info!
 
ClubMan said:
Why would it be a direct debit if it's a once off payment?
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It has worked that way for me in the past, albeit smaller amounts.

I suspect Revenue as payee is flagged as ultra low-risk on banks’ systems and less chance of it being blocked or queried.
 
Many business people routinely pay sums of that magnitude to Revenue without issue.

Use the ROS debit instruction feature if it's available to you.

Unless you have previously filed a paper CAT Return (if they even exist these days) you have until 14 November to pay online.
 
BOI limit is 20k per day…just do 2 transfers and let revenue know through MyEnquiries in myaccount…if AIB has similar transaction amounts
 
Thank you everyone for the helpful replies. I'll proceed with the DD option.


T McGibney said:
Unless you have previously filed a paper CAT Return (if they even exist these days)...

...you have until 14 November to pay online.
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Paper option still exists.

I know the 14th is the online deadline for Income Tax, not sure if it applies for CAT. I couldn't find any mention of it.
 
T McGibney said:
It does. Same terms.
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https://www.revenue.ie/en/tax-profe...ins-tax-corporation-tax/part-38/38-06-01a.pdf Page 6
 
Zanatoo said:
Thank you everyone for the helpful replies. I'll proceed with the DD option.
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Just a small point to avoid any confusion, Revenue refer to it as a Single Debit Instruction (i.e. one off) rather than a Direct Debit (usually recurring)

Single Debit Instructions (SDI).​

You can set up an SDI using ROS or myAccount. This allows you to make once-off payments directly from your bank account. Please check beforehand that your account can accept a direct debit.

See here
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