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Unpaid corporation tax

  • 01-04-2016 12:22pm
    #1
    Registered Users, Registered Users 2 Posts: 91 ✭✭


    Hello all,
    I have a small limited company and am the sole employee
    I received a letter from Revenue stating my Corporation tax (CT1) wasn't filed for 2014 even though I thought my accountant had done it in October. There is a liability which I was not aware of and now a penalty of 10%. In the financial statements corporation tax is entered as €1 and there is no entry in tax on profits in notes to financial statements. Each year till now I've avoided CT as I pay myself any profits. I changed accountant in the new year (not related to this issue just found a more suitable one) and my new accountant has raised questions about the quality of the job done. I feel the fee I paid for the completion of accounts should be refunded.
    My new accountant has advised to pay Revenue and then look at my options.

    Before I challenge my old accountant what are people's views?

    Thanks
    ftc


Comments

  • Moderators, Computer Games Moderators Posts: 10,462 Mod ✭✭✭✭Axwell


    You already got a thorough answer on the taxation thread - no need to post the same thing again elsewhere.


This discussion has been closed.
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