A Tax Clearance Certificate is required if a business sells to a public body, is renewing a licence, (pub, taxi, auctioneer etc) or is applying for various grants.
Before you can sell to or provide your services to or get paid by a public body you will need to supply a tax clearance certificate.
The Tax Clearance Certificate is therefore a significant instrument which is used to ensure compliance.
Tax Clearance Certificates usually are valid for a 12 month period and so for ongoing contracts and licence renewals it is vital to remain compliant. Returns must be submitted and paid on time to ensure a Tax Clearance Certificate will be reissued.
The application process is relatively simple, an application can be made online. The details required are your name, address and PPS number. You will also need to supply the various tax registration numbers of businesses you’re involved in and the PPS number of all partners in any partnerships you’re involved in.
Tax Clearance Certificates are required across a wide range of industries and are another reason why business needs to remain compliant and on top of its returns. The costs in terms of business interruption or worst still loss of business can be catastrophic.
