Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Revenue applied attachement to Bank Account < 1k

  • 23-01-2020 11:26pm
    #1
    Buttercake
    Registered Users, Registered Users 2 Posts: 539 ✭✭✭


    Hi folks

    Im not an accountant, a small business owner. I have a debt with Revenue for 995 euro that was unpaid vat return for Sept/Oct 2019. A demand letter was sent and I havent made payment yet or contacted them

    My bank account and credit card was frozen with an attachement, I only realised it now trying to make an online payment. I didn't get any notifications from Revenue or my bank.

    I think its a bit much applying an attachments for my latest vat return and the rules on the revenue website are attachments are only for debts of more than 1k

    Can I argue that it should not have been applied?


Comments

  • #2
    fritzelly
    Registered Users, Registered Users 2 Posts: 17,863 ✭✭✭✭fritzelly


    Buttercake wrote: »
    A demand letter was sent and I havent made payment yet or contacted them
    Buttercake wrote: »
    I didn't get any notifications from Revenue or my bank.

    Which is it?
    For a start they send a final demand warning you.
    You say 995 - is there penalties/interest on top

    The bank or any other financial institution will not inform you if Revenue apply an attachment - they just freeze your assets until Revenue advise them they can release them

    The debt needs paying, only then will they inform the bank they can release the hold


  • #3
    Buttercake
    Registered Users, Registered Users 2 Posts: 539 ✭✭✭Buttercake


    fritzelly wrote: »
    Which is it?
    For a start they send a final demand warning you.
    You say 995 - is there penalties/interest on top

    The bank or any other financial institution will not inform you if Revenue apply an attachment - they just freeze your assets until Revenue advise them they can release them

    The debt needs paying, only then will they inform the bank they can release the hold

    Thanks, I only got the final demand letter. The amount is including interest. I understand the debt needs to be repaid. My query was the amount is less than the amount is less than 1k.

    From Revenue.ie

    debt made up of tax, interest and/or penalties due to Revenue may be the subject of a Notice of Attachment. The minimum debt for the use of a general attachment is €1,000 and in the case of an attachment of wages and salary it is €10,000


  • #4
    sasta le
    Banned (with Prison Access) Posts: 1,586 ✭✭✭sasta le


    Wow that is OTT
    Alot of small business wouldnt have the instant knowledge
    Pity they can freeze criminals assets as fast


  • #5
    Buttercake
    Registered Users, Registered Users 2 Posts: 539 ✭✭✭Buttercake


    sasta le wrote: »
    Wow that is OTT
    Alot of small business wouldnt have the instant knowledge
    Pity they can freeze criminals assets as fast

    That's what i was thinking..


  • #6
    Tina82
    Registered Users, Registered Users 2 Posts: 106 ✭✭Tina82


    i would advise you to contact the name on the final demand letter asap. whatever money was in the account up to €995 will be taken and paid over to revenue. if you make contact they are fairly reasonable and you could come up with a payment plan.


  • Advertisement
  • #7
    Tow
    Registered Users, Registered Users 2 Posts: 9,199 ✭✭✭Tow


    Revenue apply interest on compound daily ate. It would not take long for €995 to reach €1000

    From a few years ago:
    PAYE/PRSI/USC/LPT, VAT and RCT - 0.0274%
    https://www.revenue.ie/en/tax-professionals/tdm/collection/debt-management/guidelines-for-charging-interest-on-late-payment.pdf

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



  • #8
    PaybackPayroll
    Registered Users, Registered Users 2 Posts: 137 ✭✭PaybackPayroll


    Wow - that seems pretty harsh. An attachment order from a 3 month debt. I wonder is this an error, especially if you do not have a history of non-compliance?

    It would concern me giving the Revenue bank account details. For many businesses, a frozen bank account could cause irreparable damage. For example, loss of website hosting.


  • #9
    Buttercake
    Registered Users, Registered Users 2 Posts: 539 ✭✭✭Buttercake


    Tow wrote: »
    Revenue apply interest on compound daily ate. It would not take long for €995 to reach €1000

    From a few years ago:

    Yes but at the date of sanctioning the attachment (3 weeks ago) the amount was less than 1k, it might be 5-10 euro out but its still less than the regulation
    PaybackPayroll wrote: »
    Wow - that seems pretty harsh. An attachment order from a 3 month debt. I wonder is this an error, especially if you do not have a history of non-compliance?

    It would concern me giving the Revenue bank account details. For many businesses, a frozen bank account could cause irreparable damage. For example, loss of website hosting.

    This is the only debt i have with them, thing is i dont think the company bank details are on ROS. I normally pay any debits by debit/credit card, I never use direct debit


Advertisement