owe money to revenue

bertsmom

Hoping someone can advise me on here. I was given share options at work (once off) and exercised (right word?) them in july last year.
I rang revenue at the time to advise them ask how to pay the tax as work had emphasised that was down to ourselves couldn't get a definite answer over the phone of how much I owed even though I told them exactly how much I made from it.
Fast forward to now and its been on the back burner until recently after colleagues have advised me its 52 per cent owed.
I have rang revenue 8 times in the last two weeks to ask how to get the money to them but although all are very nice not one person can tell me how to pay!!
A colleague has told me best thing to do is fill in my RTSO1 form and bring it into my local revenue office which is Galway along with the cash (roughly 800 euro)
Will the revenue office accept cash? Also I'm told that as it wasn't paid in 30 days there will be penalties, which annoys me as I've been in touch since day one looking to pay the bloody tax! Would anybody know roughly how much of a cash penalty there would be?

relax carry on

https://www.revenue.ie/en/additional-incomes/employment-related-shares/unapproved-share-options.aspx

Info in the link regarding RTSO. The RTSO1 Form has the information on payment methods. It's interest which is due on the late payment. At your level of liability it may not be collected. You'll also need to register for Income Tax and file a form 11 for 2018 declaring the gain even though you'll have already paid the RTSO at that stage.

Blue2044

You can pay online and you'll get a reference no. that you can link back to you RTSO1 Form. Don't know anything about the penalty I'm afraid.

Calahonda52

bertsmom wrote: »

Hoping someone can advise me on here. I was given share options at work (once off) and exercised (right word?) them in july last year.
I rang revenue at the time to advise them ask how to pay the tax as work had emphasised that was down to ourselves couldn't get a definite answer over the phone of how much I owed even though I told them exactly how much I made from it.
Fast forward to now and its been on the back burner until recently after colleagues have advised me its 52 per cent owed.
I have rang revenue 8 times in the last two weeks to ask how to get the money to them but although all are very nice not one person can tell me how to pay!!
A colleague has told me best thing to do is fill in my RTSO1 form and bring it into my local revenue office which is Galway along with the cash (roughly 800 euro)
Will the revenue office accept cash? Also I'm told that as it wasn't paid in 30 days there will be penalties, which annoys me as I've been in touch since day one looking to pay the bloody tax! Would anybody know roughly how much of a cash penalty there would be?

From a Money laundering perspective, I don't believe they will take cash.

If its the office in Fairgreen, I will ask so please specify the office.

bertsmom

Everybody thanks so much for all the help and advice and yes it just dawned on me earlier that from a money laundering perspective perhaps they can't so I went to the bank and got a bank draft and posted it off.
If there are penalties they can come looking im simply tired of chasing them to pay my tax they couldn't make it anymore difficult and complicated.