1. What Filed's Tax Estimates Are

Filed calculates estimated tax figures based on:

• The income and expense data you enter into the app
• Standard Irish tax rules for sole traders as published by Revenue Commissioners
• Your stated personal circumstances (marital status, PAYE income, RCT status)
• Standard tax credits applicable to self-employed individuals

These estimates are designed to give you a working approximation of your likely tax liability so you can set aside an appropriate amount throughout the year.

2. What Filed's Tax Estimates Are Not

Tax estimates produced by Filed:

• Are not a formal tax calculation or assessment
• Are not guaranteed to match your actual Revenue liability
• Do not account for all possible personal allowances, reliefs, or deductions
• Do not take into account prior year losses
• Do not account for capital gains tax obligations
• Do not account for complex situations involving multiple income sources or foreign income
• Are based on tax rules current at the time of calculation and may not reflect mid-year Revenue changes
• Are only as accurate as the data you enter — incorrect data will produce incorrect estimates

3. Annual Budget Changes

Irish tax bands, credits, and rates are set by the Government in the annual Budget, typically in October each year. Filed updates its calculation rules after each Budget, but:

• There may be a delay between a Budget announcement and Filed's update
• Emergency or mid-year changes may not be reflected immediately
• Filed will notify users of significant calculation changes in-app

For the most up-to-date tax information, always refer to: revenue.ie

4. When You Should Always Use an Accountant

Business complexity

• You have employees or pay subcontractors
• You are converting from sole trader to limited company
• You have significant capital expenditure (vehicles, plant, machinery)
• You have prior year losses to carry forward
• You earn income from multiple sources including abroad

Personal complexity

• You are recently married, separated, or widowed
• Your spouse or civil partner also has income
• You have rental income or investment income
• You have received an inheritance or gift

Revenue interaction

• You have received a Revenue audit notice
• You have outstanding tax liabilities or payment arrangements
• You have not filed returns for one or more prior years
• You have received a letter from Revenue about your tax affairs

5. RCT Specific Notice

RCT credits shown in Filed are based on deductions you report. The actual credit is determined by Revenue based on deduction notices on ROS. Always verify your RCT credit balance on ROS before filing your return.

6. Our Liability

To the fullest extent permitted by Irish law:

• Filed is not liable for any underpayment of tax, late payment interest, or Revenue surcharges
• Filed is not liable for any Revenue audit costs or penalties arising from discrepancies
• Filed is not liable for any loss arising from use of the tax estimate functionality

Nothing in this disclaimer limits your rights under Irish consumer law where such rights cannot be excluded.

7. How to Reduce Estimation Error

To get the most accurate estimate:

1. Log every income entry promptly and accurately
2. Log all business expenses and keep receipt photographs
3. Ensure your marital status and personal circumstances are correctly set in your profile
4. Log all RCT jobs and the correct RCT rate (0%, 20%, or 35%)
5. Update your profile if your circumstances change during the year
6. Review your dashboard before the October deadline

8. Professional Resources

• Tax Institute of Ireland: taxinstitute.ie
• Chartered Accountants Ireland: charteredaccountants.ie
• Institute of Certified Public Accountants: cpaireland.ie
• Revenue Commissioners: revenue.ie
• Revenue myAccount: myaccount.revenue.ie
• Revenue ROS: ros.ie

9. Acceptance

By using Filed's tax estimation features, you confirm that you have read and understood this disclaimer and agree to the limitations described.

Contact: legal@filed.ie · filed.ie