Claiming expenses in employment credits but not entitled to them

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mickaxe

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Hypothetically speaking, if a person was claiming a tax credit for expenses for a period of years (3/4) and was not paying these expenses and forgot to cancel the credit can they 'safely' inform revenue?
 
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Re: Hypothetical question re: rent relief

mickaxe said:
Hypothetically speaking, if a person was claiming rent relief for a period of years (3/4) and was not paying rent but were homeowners and forgot to cancel the credit can they 'safely' inform revenue
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Yes - and pay back the relief mistakenly obtained through a lump sum or an adjustment to their tax credits. I'd imagine that interest and penalties would not apply.
 
Re: Hypothetical question re: rent relief

I should expand on the fist post above - there is a reference to 'flat rate expenses' - '19.40' on my tax cetificate which I assumed were relating to rent relief I claimed some years back.

However, I just rang the Revenue Dept to enquire. The operator I spoke to said they were in relation to either my job or the industry I was involved in - I didn't get too much moe than that. I made the point that I didn't want them coming after me in 5 years time for credits I wasn't entitled and he said that the amount was too small and that this would not be the case. I also told him that my wife also had this credit for 12.80 but he just fobbed me off. Thursday afternoon before Paddys day eh?........
 
Re: Hypothetical question re: rent relief

If you do a search for "Flat Rate" there are a number of threads on this already. Seems to be one of the more complicated issues that revenue appear to not want to deal with too often.

Do a little investigation and I'd suggest that you may find you're due a lot more of a tax credit from the flat rate expences.
 
Re: Hypothetical question re: rent relief


Doesn't matter what anyone says to you, if you don't have it in writing you can never be sure they won't come after you in a few years time (even then I'm not so sure they wouldn't). This happened to me where I went into Revenue and spoke to someone and asked if I needed to do anything regarding some employer stock options I had sold and also the stock purchase plan in place with that employer. I was told I wouldn't need to do anything and six years later was sent an income tax bill for 600 euro. Once bitten, twice shy - thought I was doing the right thing by going to them and innocently accepted what I was told as gospel. In future would always get it in writing.
 
Re: Hypothetical question-have been claiming expenses but may not be entitled to do so

Here is a link for a list of the schedule

[broken link removed]

See if your emplyment falls under one of those listed

stuart@buyingtolet.ie
 
Re: Hypothetical question re: rent relief

If in doubt get independent, professional tax advice. That, rather than depending on information Revenue give out - which can sometimes be inaccurate/incomplete, is the only way to be safe.
 
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