How strict is tonight's midnight deadline for ROS and the Sole Trader return?

CongoDance · 12-11-2015 07:29PM #1

Hi

Between a combination of me not getting the information he needed to him till Monday and him being swamped today, my accountant is unsure if he can have my Sole Trader return in on ROS by tonight's midnight deadline.

How strict is this with ROS? Would getting it in tomorrow suffice?

All feedback appreciated.

dbran · 12-11-2015 07:34PM

Very Strict!

It has to be paid and filed today.

Dbran

CongoDance · 12-11-2015 07:37PM

dbran wrote: »

Very Strict!

It has to be paid and filed today.

Dbran

Even if no money is owed?

Alan Shore · 12-11-2015 08:14PM

A 5% surcharge applies to late returns unless your a Proprietory director if you have no liability before preliminary tax then there is nothing to surcharge.

Spanish Eyes · 12-11-2015 08:27PM

Would put in a return regardless. Pay what you can calculate right now.

There is a 12 month period to self correct and adjust returns after.

Your accountant should KNOW this. Once the deadline passes and NO return whatsover is in, the red flags go up and you could be on the REAP list for audit in the future.

Just file it as you have the information. Then adjust it later.

I am not an accountant or anything, but I have filed returns for family on ROS. Even if it wasn't perfect, I got it in and paid what I self assessed.

Adjusted it later if necessary.

GET A RETURN IN. I can't shout it loud enough. Sorry.

dbran · 12-11-2015 10:16PM

Spanish Eyes wrote: »

Would put in a return regardless. Pay what you can calculate right now.

There is a 12 month period to self correct and adjust returns after.

Your accountant should KNOW this. Once the deadline passes and NO return whatsover is in, the red flags go up and you could be on the REAP list for audit in the future.

Just file it as you have the information. Then adjust it later.

I am not an accountant or anything, but I have filed returns for family on ROS. Even if it wasn't perfect, I got it in and paid what I self assessed.

Adjusted it later if necessary.

GET A RETURN IN. I can't shout it loud enough. Sorry.

Yes, unless it is off the wall wrong. An incorrect or false return is the same as a late filed return and will be a lot more likely to get you a revenue audit.

Sometimes it is worth taking the surcharge and filing the correct return first time then just lashing in a load of rubbish in the hope that you can change it latter on.

dbran

Mr. Incognito · 12-11-2015 10:33PM

Ros deadlines are absolute. Shure it will be grand doesn't work

Pawwed Rig · 13-11-2015 01:29AM

Habitually amending returns also raises red flags with Revenue.

I can only imagine how annoyed your poor accountant was to receive the info so late but am sure he filed it if at all possible. Got my last one in at 11.59

dbran · 13-11-2015 11:19AM

CongoDance wrote: »

Even if no money is owed?

It is based on the total tax payable. Not on the amount that is owed after preliminary tax, PAYE etc.

Big mistake to file late based on the fact that there is nothing owed.

dbran

How strict is tonight's midnight deadline for ROS and the Sole Trader return?

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