28/09/2026
โ ๏ธ Have you received an estimated 2024 Income Tax bill from Revenue?
Revenue has started issuing Estimated Tax Notices where a 2024 Income Tax Return has not been filed.
If you have received one, the first thing to know is:
The amount on the notice is not necessarily the tax you actually owe.
Revenue calculates the estimate using the higher of:
โข โฌ1,000, or
โข The average tax liability from your two most recently filed returns.
It is an estimate โ Revenue has not calculated your actual 2024 income, expenses, credits or reliefs.
What should you do?
If you were required to file a 2024 Form 11, the outstanding return should be prepared and filed as soon as possible.
Once the return is filed, your actual tax liability replaces Revenue's estimated figure.
Revenue states that after 30 days from service of the Estimated Tax Notice, the estimated amount becomes enforceable and may be referred to the Collector General for collection.
Importantly, this 30-day period is not an extension of the 2024 tax return deadline โ the return is already late and late-filing surcharges and interest may apply.
If you are no longer required to be registered for Income Tax, your registration may also need to be reviewed and ceased.
At FDP Accountants, we can review the notice, check what returns are outstanding, prepare your 2024 Form 11, calculate your actual liability and deal with Revenue on your behalf.
The key message: don't assume the estimated figure is what you owe โ but don't ignore the notice.
If you've received one of these letters and aren't sure what to do, get in touch with FDP Accountants.
