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Question on Penalties

  • 14-10-2012 4:09pm
    #1
    8_Ace
    Registered Users, Registered Users 2 Posts: 17 ✭


    So I've made a stupid mistake. I just been completing a CG1 form for a 2011, I want to obviously complete before 31st October. I've just realised that the CGT should have been paid in December 2011, not October 2012 !

    Now the cheque is in the post with the appropriate documentation, but I'm just wondering does anybody know what type of potential penalty / interest I will now incur .

    Thanks in advance.


Comments

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


    Penalty is imposed for filing a return late so if you are not late you should be ok. Interest may be charged when tax is not paid on time approx 10% pa


  • #3
    Shane732
    Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭Shane732


    Alan Shore wrote: »
    Penalty is imposed for filing a return late so if you are not late you should be ok. Interest may be charged when tax is not paid on time approx 10% pa

    Interest would be 0.0219% per day.


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