I don't think my situation has been covered specifically before so I would appreciate any advice that AAMers can give. I moved to Ireland with my family in 2008 and due to total ignorance of the Irish tax system we have not paid enough tax and would appreciate any advice how best to handle the situation before we call the revenue commissioners.
Brief summary is
We have no problem in paying any tax that we owe but are concerned that we could be liable for penalties, surcharges and interest ?
Whilst we might be negligent I think the fact that we declared our income on the form 12A shows that we were not trying to hide our income or get away without paying our dues.
So should we:-
1. Call the Revenue, explain the issue and hope they treat us sympathetically
2. Send in our form 12 for 2011 and wait for the Revenue to tell us of the mistake for those other years
3. Other suggestions?
Brief summary is
- I am a PAYE worker and my wife does not have a job but has her own interest income from our life savings
- We submitted a form 12A in April 2008 on which we declared my wife's Uk savings interest of 10k per year as "other income"
- We were not sent any tax returns to complete until this year when we got a form 12 to cover 2011 which we are completing
- As our UK interest has dropped significantly our first thought was that we must be due for a tax refund for previous years and were wondering how to claim it.
- From our tax statements now we can't see any tax shown relating to the UK interest so it appears that the amount we declared on our form 12A was not used in any calculations
We have no problem in paying any tax that we owe but are concerned that we could be liable for penalties, surcharges and interest ?
Whilst we might be negligent I think the fact that we declared our income on the form 12A shows that we were not trying to hide our income or get away without paying our dues.
So should we:-
1. Call the Revenue, explain the issue and hope they treat us sympathetically
2. Send in our form 12 for 2011 and wait for the Revenue to tell us of the mistake for those other years
3. Other suggestions?