Foreign Bank Forgot To Declare Dirt

[paulgreen]

Last year I opened an account with Keytrade mainly to have somewhere I can transfer funds quick if need be acka Cyprus!!! The interest rates are rubbish but at the end of the year the account earn't around 250 euro's,but I forgot about this when completing my 2012 tax return, mainly because I thought tax would be deducted and there would only be a minor if anything shortfall.

Anyway during a random conversation with them last I found i was paid tax free so I have a small liability I guess of around 100 euro but I have already submitted my tax return for 2012.

I use ROS but can't find anyway to amend the previously submitted form, is it as simple as to raise another form 11 and just fill in the foreign bank interest section so effectively doing 2 or should I phone revenue and ask them?

I want to keep my tax upto date so wondered what the best course of action would be

Thanks

 

[Palerider]

You are right in your thinking and that is laudable but honestly do you think anybody including Revenue are concerned at this shortfall, is it worthy of any persons time for an audit etc including your own time, my view is that it is not, correct it in the next return and fair play for being so diligent to boot.

 

[Gervan]

You should be able to amend the existing Form 11, and then pay any extra liability. If I go into "File a return on-line" , Form 11, relevant period, I get to something like "This Form is being opened in Amended mode".

 

[paulgreen]

You should be able to amend the existing Form 11, and then pay any extra liability. If I go into "File a return on-line" , Form 11, relevant period, I get to something like "This Form is being opened in Amended mode".

Hi I don't get that it says this facility is unavailable which is a shame I think I'll just write to them and let them decide what they want to do I don't mind either way