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Charges for late payment of PAYE Returns: What's the basis

  • 05-01-2012 11:29am
    #1
    Carlow52
    Closed Accounts Posts: 2,389 ✭✭✭


    Did 2007/08/09/ on 31/12/2011 via ROS

    The 3 returns have the same income content
    PAYE taxed income
    dividend income subject to Dirt
    interest income subject to Dirt.

    I am a director/100% shareholder of a close company which is loss making and the paperwork is up to date

    Because my tax credits are over stated and medical expenses the tax refund due back to me is
    c 40.00, 42.00 and 700.00 respectively for 07/08/09

    07 they agree with
    08 and 09 have a c 1,250.00 surcharge for late filing on both: c 2500 in total

    Am a bit surprised as the the only tax due AFAIK is the top rate markup on the Dividend income
    Also surprised that 2007 went through so am a bit concerned if I appeal 08 and 09 that 2007 will be re-looked at to my detriment.
    Thanks for any thoughts


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Hi,

    As you own more than 15% in the company and are a director you have to file a tax return each year by the due date ie 31 Oct in the following year. Late filing Surcharge is applied before the deduction of PAYE in these cases.


  • #3
    Carlow52
    Closed Accounts Posts: 2,389 ✭✭✭Carlow52


    Alan Shore wrote: »
    Hi,

    As you own more than 15% in the company and are a director you have to file a tax return each year by the due date ie 31 Oct in the following year. Late filing Surcharge is applied before the deduction of PAYE in these cases.

    Thanks if so then why 2007?

    Just checked the return and the relevant director box was ticked for 2007 so am puzzled.

    The director thingy came in in 2005


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