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Discretionary Trust Tax (DTT)

  1. Overview
  2. Initial once-off 6% charge
  3. Annual 1% charge
  4. Exemptions from Discretionary Trust Tax (DTT)
  5. Surcharge for late filing
  6. How to pay Discretionary Trust Tax (DTT)

Surcharge for late filing

A surcharge applies where Discretionary Trust Tax (DTT) returns have not been filed within four months of the relevant valuation date. The surcharge which will be added to the tax due is as follows:

  • 5% of the tax due, to a maximum of €12,695, where the return is submitted within two months of the due date
  • 10% of the tax due, to a maximum of €63,485, where the return is submitted more than two months late.

Next: How to pay Discretionary Trust Tax (DTT)

Published: 07 November 2023 Print this page

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