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Late Filing Penalty Self Assessment

  • 30-10-2014 10:18am
    #1
    greendevil8
    Registered Users, Registered Users 2 Posts: 39 ✭


    Anyone know what is the situation if you file a few days late but your total liability is a loss. How do they apply 5% penalty?
    I am PAYE worker with rental income in a loss. I am waiting on a statement of social welfare payments for 2013 so my return will be delayed. Will I incur a penalty if my total rental income is a loss and I have paid PAYE. I am also going to claim back tuition and health expenses.

    Also, I poet the return on 31st Oct but it doesnt reach Revenue until next week will that be ok? How strict are they?


Comments

  • #2
    greendevil8
    Registered Users, Registered Users 2 Posts: 39 ✭greendevil8


    Anybody who can advise on this?


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    If the PAYE income in not income from a company that you control more then 15% of the shares then there cant be a surcharge on a loss.

    dbran


  • #4
    greendevil8
    Registered Users, Registered Users 2 Posts: 39 ✭greendevil8


    That's great dbran, thanks for the advice.


  • #5
    Grolschevik
    Registered Users, Registered Users 2 Posts: 3,472 ✭✭✭Grolschevik


    greendevil8 wrote: »
    I am PAYE worker with rental income in a loss.

    What do you mean by "rental income in a loss"?


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