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Have they changed the methods....?

  • 29-10-2009 6:37pm
    #1
    BarryM
    Registered Users, Registered Users 2 Posts: 837 ✭✭✭


    Hi,

    I am a Form 11 person.....:)

    I have been for years. But this year I did the form last week for 2008 and have two queries. 1. I filed without payment as I usually do, awaiting the assessment, last Friday, but nothing has happened. My recollection is that you get the assessment almost immediatly, but nothing.... Has something changed? 2. I see they are looking for a 90% prepayment for 2009, is this a new development, I never paid more than an estimated 50% before, and they never asked....


Comments

  • #2
    DublinWriter
    Registered Users, Registered Users 2 Posts: 9,560 ✭✭✭DublinWriter


    BarryM wrote: »
    2. I see they are looking for a 90% prepayment for 2009, is this a new development, I never paid more than an estimated 50% before, and they never asked....
    I noticed that too and can't remember ever having seen that before, although it's been in place for Ltd companies for a good few years now.

    I presume you're a Sole Trader?


  • #3
    Bobby1984
    Registered Users, Registered Users 2 Posts: 269 ✭✭Bobby1984


    Not sure why the assessment is taking so long. However preliminary tax for 2009 must be 90% of the final liability for 2009 or 100% of the 2008 assessment. This has been the case for a number of years.

    Its should be noted that the preliminary payment must be increased to account for the increased income levies in 2009. As a result if the 100% option is taken then the preliminary payment will actually be more than the 2008 assessment.

    If you got away with paying 50% preliminary in past years you have been lucky because they are usually unforgiving when it comes to charging interest :rolleyes:


  • #4
    BarryM
    Registered Users, Registered Users 2 Posts: 837 ✭✭✭BarryM


    Bobby1984 wrote: »
    Not sure why the assessment is taking so long.

    Here is the answer I just got from ROS.... I asked the q on Tues....

    "Your return is currently being reviewed by your local tax office. On the 27th
    of October a delay was input on the processing of returns and this means that
    the Notice of Assessments will not issue until after the 5th of November when
    the delay is lifted.

    As you filed your return on the 26th of October and this was a bank holiday
    then your return is caught up in this delay period. Your notice of assessment
    won't be issued until after the 5th of November."

    I wonder what a delay input is?? A go slow?? The logic of the 26th and the Bank Holiday affecting me leaves me baffled.....nothng new with Revenue.
    However preliminary tax for 2009 must be 90% of the final liability for 2009 or 100% of the 2008 assessment. This has been the case for a number of years.

    Maybe, I don't make a habit of reading Revenue announcements :) I just never got smacked on the wrist, I suppose the Celtic Tiger applied.... they didn't need my money....:eek:


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