R
rabbit
Guest
A friend has been billed by the Revenue commissioners for late payment of capital gains tax. The tax was paid a year late, ( it was paid as soon as the taxpayer got the money and was in a position to pay ) but the taxpayer has been billed a high penalty charge ( about 10% I think ),and a high interest charge ( over 10% I think ) and the years interest on the penalty - even though the penalty was paid promptly( within a few weeks of being notified of the penalty. Also the revenue had the cheque for a week before they lodged it...is the revenue commissioner entitled to charge interest to the day it hit the taxpayers account ?
His accountant said some people escape having to pay penalties + interest. Anyone any experience here?
His accountant said some people escape having to pay penalties + interest. Anyone any experience here?