[nompere]

A Form 12 is also a claim for credits.

It's not unknown for Revenue to withdraw tax credits in the absence of a proper claim. That increases PAYE deductions and tends to concentrate the mind!

[paul71]

Originally Posted by barneystinson

You're liable to a penalty of €3k.

True, but perhaps a better choice of words is potientially liable. Normally the revenue solicitors will issue a district court summons and if your representing solicitor can show in court that the form 11/12 has been submitted in the interum the revenue may by consent to have the prosecution struck out by the judge.

[MBSnr]

I got one last year for the 2011 tax year. They want to know of foreign income, pensions, off shore accounts etc which they may not know about and would love to know about in some people's cases. The most ironic thing was I wasn't sure how to fill some of it out relating to tax paid here, so rang the revenue, who provided most of the figures that I entered on it......

Bizarrely I got a €4 tax credit back as well... ;-)

[barneystinson]

Originally Posted by paul71

True, but perhaps a better choice of words is potientially liable. Normally the revenue solicitors will issue a district court summons and if your representing solicitor can show in court that the form 11/12 has been submitted in the interum the revenue may by consent to have the prosecution struck out by the judge.

Oh well that's ok then, you might only incur legal costs!

[paul71]

Originally Posted by barneystinson

Oh well that's ok then, you might only incur legal costs!

Which is why I mentioned defending solicitor so people would be aware of the costs involved, you know yourself Barney the revenue are actually a very fair organisation to deal with, they are not interested in securing criminal convictions against people, their goal is compliance but compliance can end up being very expensive for people who mess around with deadline dates or fail to make returns.

I always remember partners in my training practice telling me to get the returns in on time even if the client had not provided all details required as an amended return can always be submitted but you only have 1 chance to avoid penalties by making ontime submissions.

[Legend100]

Originally Posted by paul71

Which is why I mentioned defending solicitor so people would be aware of the costs involved, you know yourself Barney the revenue are actually a very fair organisation to deal with, they are not interested in securing criminal convictions against people, their goal is compliance but compliance can end up being very expensive for people who mess around with deadline dates or fail to make returns.

I always remember partners in my training practice telling me to get the returns in on time even if the client had not provided all details required as an amended return can always be submitted but you only have 1 chance to avoid penalties by making ontime submissions.

I may be wrong but wasn't there a change to the legislation a few years back (may have been the code of practice for audits - going on memory so unsure) that making a false submission is liable to a penalty also. If i recall, the reasoning for this was to try and stop people submitting a return "just to get it in on time" regardless of how accurate it was.

I'm in Australia now so haven't been keeping fully up to date with the regulations back home - Might have a look to check on the above