Q8 What is the Option?

A         The Option is when levy is calculated on the current tax year figures.  You would only take the Option if your emoluments were:

• going to be less in the current tax year than in the previous year OR

• if it is your first year of trade and you wish to avail of grants

Restrictions

• Once an election has been made, it cannot be withdrawn or amended by the employer.

• If you chose to base your levy on the Current Year Option, you will be required to complete two additional Statutory Return Forms in October and April. 

• It is not possible to pay levy by Direct Debit if you take the Current Year Option.

• All deadlines are strictly adhered to and cannot be appealed.  Late Option requests and late Returns will be refused without exception.

• Please note that your business will not be able to claim grant aid if you fail to complete ANY Return by the specified deadlines.  This cannot be appealed.

The deadline for receiving Option requests is close of our business on the last working day in August, unless it is your first year of trade.  This deadline is strictly adhered to.  Late Option requests will be refused without exception.

All Return forms must be submitted to CITB NI on or before the specified deadlines.  Failure to do so will result in CITB NI removing the Current Year Option facility and your levy will revert back to the previous tax year for assessment.  No excuses will be accepted for the late receipt of the Return form/s received after the deadlines.  This decision cannot be appealed.

Please note that your business will not be able to claim grant aid if you fail to complete ANY Return by the specified deadlines.