Their business is tax collection, not tax advice.
Thanks for your input but i'm only interested in my original query.
I'll be doing the form 12 myself next year too, no way i'd be paying some accountant when i'm fully capable of doing it myself. Waste of money...."in my opinion"!!
How would it have saved me money?
I'm pretty sure there was nothing i could have claimed for that i missed and i would have had to pay an accountant to do the forms for me which i was willing to take the time and worry of and do myself.
Looks like i may have mixed up what i can claim as CA and what should have been expenses but from previous post sounds like it's easily fixed.
In closing, if you are as arrogant and self-opinionated with the Revenue as you are here, they may not even use the jello
I think that they have a duty to help taxpayers in filling out their tax returns and to explain their rules to tax payers ?
Btw Revenue's routine policy is to disown any 'explanations' they give to taxpayers, if any aspect of same later becomes contentious.
And to those judgemental name callers telling me i'm "feeling around in the dark" and "ridiculous"....well....that may be so, but for the moment i've answered what revenue required of me without the paid help of anyone so i think i did ok for a first timer!
Whatever you have submitted to revenue, and especially when you have a doubt, you are entilted to put in a letter mentioning that you have a doubt in relation to x matter. Then you put the onus on revenue to clarify/refuse etc. You can actually call in to revenue and if you have documents get them to photocopy and stamp the photocopies so later if there is an audit that it is clear that you raised a doubt and that revenue were on notice.
Many tax professionals believe that ticking this box exponentially increases the risk of Revenue Audit, although some sources contest this.
Hi all,
Sent my Form 12 tax return in a couple of weeks back and just got a letter back from them requesting additional info.
One of these is computation of the capital allowances?
Just wondering how should i supply this, is it copies of the receipts, or a breakdown of the total and if so do i itemise each amount.
This was my first year filing so apologies if this is something i should know, should i have sent this in with the form12?
Thanks for the replies, yes it would have been a large amount since it was my first year and i had to have a new kitchen, new floors, tiles, and furniture put in to get it set up for renting.
Will get working on that tonight so and get an excel sheet done up with the breakdown of the total.
Thanks
Some of that stuff sounds like it mightn't be eligible for capital allowances.
I don't think a kitchen as total is covered, only the white goods so be aware of this.
Well i put tiles and kitchen under capital allowances as i spent all of this before the place was rented to get it ready for rent. i was advised that capital allowances was whatever i spent to set up the place for rent?
Am i now looking at having to move things from capital allowances to expenses? Bathroom fittings, kitchen appliances, flooring, tiles, furniture-not as replacement but as new to furnish the place....am i after messing it all up now?
What will happen if i have?
This sounds like a case where paying for proper tax advice in the first instance would have saved the OP a lot of worry and hassle, and probably some money too.
How would it have saved me money?
I'm pretty sure there was nothing i could have claimed for that i missed and i would have had to pay an accountant to do the forms for me which i was willing to take the time and worry of and do myself.
Looks like i may have mixed up what i can claim as CA and what should have been expenses but from previous post sounds like it's easily fixed.
Yes but you said if i'd got someone to do it i would have saved a lot of money....just because i put some items that should have been under expenses as capital allowances doesn't mean the revenue is going to refuse to allow me claim these things, they will just allocate them under the correct heading.
I don't feel i needed to hire someone to file a tax return i am capable of doing myself and like that, revenue have been quick enough to clarify the amount and i'm sure will be equally quick enough to correct the error if required. No harm done if so.
Don't think it's been that much hassle or worry at all and think i'll have saved money by doing it myself.
Thanks for your input but i'm only interested in my original query.
I'll be doing the form 12 myself next year too, no way i'd be paying some accountant when i'm fully capable of doing it myself. Waste of money...."in my opinion"!!
OP, just do up a list and see what revenue say. If they disagree with something they will come back to you. You may have incorrectly claimed something and you wouldn't be the first, but you didn't do so deliverately and revenue are not always the enemy so just supply what they want and see what they say. .
Just to come back to all you so helpful posters. Rang revenue to check they received my letter with the breakdown of CA claim. My application is now being processed and they said no further information will be required at this time.
IF they do require any further information i will obviously be more than happy to supply this....without any assistance from an accountant unless i see their service fit to attain.
Thanks so much for all the helpful posts.
And to those judgemental name callers telling me i'm "feeling around in the dark" and "ridiculous"....well....that may be so, but for the moment i've answered what revenue required of me without the paid help of anyone so i think i did ok for a first timer!
gekko in what way is my form 12 "dodgy"? I was asked to supply additional information, if revenue decide to audit me i have nothing to hide. if i made a mistake on the form listing expenses as capital allowances then i will put my hands up but i don't think this is the case and thus far revenue have not requested anything more from me.
Your telling me i've an obligation to correct my form but as far as i am aware i have everything in line so you telling me i'm dishonest is as well as ignorant and stubborn is way out of line.
In my opinion (as i've already said) to pay an accountant to fill in a form i'm capable of doing myself is A WASTE OF MY MONEY!!!! If i felt i wasn't able to do it i would have hired someone. You have got your knickers in a knot over this point as you keep coming back to it but there are no laws against filing my own tax returns and so much to your delight i'm sure i will stand by my decision.
No problems so far, revenue are well within their rights to request additional information and also well within their rights to request further info or even audit my accounts. As i said i have nothing to hide.
Won't be replying again as i don't see the point when you've clearly made up your mind about me.....so here is the last word....enjoy it!!
guideanna -I entirely agree that calling you dishonest was way out of line. I think it breaches the guidelines of this forum and certainly breaches normal rules of etiquette.
However, on a financial forum it is likely that there'd be a few accountants. Perhaps it may have been more diplomatic to say something like " i'm unsure of the value of an accountant in this instance" , rather than "waste of time..".
But, even so, descriptions like dodgy and dishonest were OTT.
Ours is a self assessment system. The OP is morally and legally obliged to submit his/her return correctly. If the OP now knows that the return is incorrect and does not amend the return, that is dishonest. It is utterly dishonest. .
You can submit an incorrect return unknowingly. Having the best accountant in the world or the most expensive does not guarantee that your return will be correct. The OP has submitted her return to the best of her ability, and she has taken advice on herem revebye had a query and OP replied, where is the problem? This is so far off deliberately trying to deceive revenue that I don't get your point.
Incidentally revenue get things wrong all the time, and plenty of their own staff don't know their own rules. There is also such a thing as human error, which revenue will deal with appropriately where it is not deliberate.
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