Approx 8 years ago invested in a section 481 film investment, invested 7.5 k due to get 8.8 k back from the revenue commissioners. Sent a claim in approx 6 years ago if memory serves correctly. No reply from rev and I never followed up. Tried to claim my 8.8k back from rev. They tell they have a 4 year time limit on claims for repayment of tax. What are my options
The 4 year limit is strict. However do you have any evidence of submitting a claim? Why did Revenue not respond? If the claim was defective and was to be amended some way but was not then you probably have no claim now. If you submitted a valid claim to Revenue but for some reason it was not completed ( fell down the back of a drawer ) then it may be worthwhile pursuing. However as said by others, there may be very little likelihood of success now.
hi think the following e-mails might be of interest to the above
From: OmniPro Accountants Community
To: xxx
Sent: Tuesday, April 21, 2009 12:45 PM
Subject: [Accountantsforum]- 4 year revenue time limit
Posted By: xxx
Hi
Are there any other accountancy firms that have a problem with the
revenue 4 year time limit for making claims for refunds of tax. This has
been dealt with already by the ECJ. I would like to hear from anyone who
has clients who have been refused refunds of tax due to this 4 year
rule.
I had a similar problem and the Revenue wouldn’t refund the tax that was overpaid from 6 years ago. I wrote a letter to them saying that I had reviewed the legislation and that it specifically referred to a repayment not been made but does not refer to offset the tax refund due against other taxes. I was then able to offset the tax refund due against other taxes with the Revenue’s agreement.