Revenue released a new Tax and Duty Manual that highlights the updates included in the Form CT1 2021. The Form CT1 2021, the corporation tax return for accounting periods ending in 2021, has been available for filing since April 2021. The Form 46G for accounting periods ending in 2021 is also available.

The new Tax and Duty Manual Part 38-02-01F highlights the updates in the Form CT1 2021, including updated and mandatory questions. The panels which have been updated are:

• Trading Results;
• Extracts from Accounts;
• Irish Rental Income;
• Irish Investment and Other Income;
• Capital Gains;
• Close Company Surcharge; and
• Dividend Withholding Tax.

Changes have been introduced to the Extracts From Accounts section to minimise unnecessary contact with compliant taxpayers in relation to incomplete or incorrect data. These changes include mandatory fields and updated questions and are summarised in the Appendix.

Additional information is provided in the Company Details panel, to address queries about the reporting of transactions with jurisdictions considered to be non-cooperative for tax purposes.

The Form 46G for accounting periods ending in 2021 is available for filing. Filers can complete the online version in ROS (up to 30 payees), the offline version (up to 3,000 payees) or the 46G Return Tool.

Tax and Duty Manual Part 38-02-01D (ROS Form CT1 2019) has been updated in paragraph 13, in relation to the suspension of the late filing surcharge from 23 March 2020 until 1 July 2021, for corporation tax returns for accounting periods ending from June 2019 to September 2020, consistent with TDM Part 47-06-08.

See Revenue eBrief No. 178/21 for further details.