serotoninsid
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I used it myself to contribute towards my application for a mortgage and to be taken into account when switching mortgage products.Rent-a-room was an FF policy where the main goal was to assist people to get bigger mortgages, and politically they wanted it as easy as possible for people use.
Well, that was my comment - and if we all agree instead that we have to be rigid about it, then fine. I guess that comment was made on the basis that you would take into account the positives of that scheme as a whole. In a country which I find inefficient in so many ways in comparison with our continental neighbours, it's great to see an example of a clever initiative that encourages more efficient use of housing stock.....particularly so when you consider the lack of housing in the Dublin area at present.There's no other income taxed the same way, it's easy to see how an initally correct use of rent-a-room could morph into tax evasion. Even the comment about "is it such a loss to the state if that figure [10,000] is exceeded slightly" shows how easy it is to be relaxed about it
Didn't realise that - I had always submitted a return for rent-a-room income alone.Without the need for declaration, Revenue have no idea what's going on in rent-a-room
They had exactly such a measure in place - the tax credit system for tenants - which bizarrely they removed a couple of years ago.Revenue have no idea what's going on in rent-a-room and they have next to zero chance of detecting problems even if they get tip offs.
The revenue also has a huge source of information...the address to which tax credits and other correspondance is being sent. A cross check of addresses where there are people with different family names would show up a huge amount of properties being rented...verify if returns are being made on those and you have a good list of landlords to check up on. TRS, rental income tax, there is a lot to be made here if they wanted. Crazy that they removed the one thing they had in the tax credit, it was not huge but certainly kept the landlords a bit honest!
Hold on, why do you assume they aren't chasing these people?!Actually I'm not the problem it's the tax evader and a lack of adequate system to catch them that's the problem. To be honest there's a major difference between wondering how the system works and reporting someone. I wouldn't report him because I don't feel I should be put in a moral dilemma like that if the revenue can't even be bothered to chase these people. I mean they obviously don't give a flying fiddlers
so why should I jeopardise a friendship and have to live with the consequences of that? It's easier said than done. There are huge ramifications after doing something like that. I can't imagine anyone on here would do it as easily as they are suggesting. If it was a stranger maybe but not a close friend. We all know people who go around breaking the law in some minor way whether it be unpaid car tax or an unpaid TV licence and we don't go ringing the fraud squad even though the principal is the same. I honestly feel if they're missing this their system isn't for for purpose. I mean there has to be a massive amount if self employed people who under declare. A simple bank statement submission would help to solve this if they were interested....
I mean submit them as mandatory and not just as part of an audit. It's crazy. I have a long term illness and submit my medical receipts ever year. I always only submit the actual amount for a refund but in over 5 years they have never asked me for receipts. I do have to hold onto them for 5 years just in case which I do but seriously why not submit them when making the claim? it's mental. I actually wouldn't be screaming about Big Brother...you don't know me so it's strange of you to make that presumption. Im of the opinion that all my affairs are in order so Ive nothing to hide...I would welcome it if it meant there was a fairer system where the honest weren't getting hockeyed to pay for the evaders.
On the contrary, I actively break off friendships with people I know who don't have their tax affairs in order. Why would I be friends with someone who thinks it's ok to rob me blind? With others, where I only have suspicions I have warned them not to discuss their tax situation with me, because I would be compelled to report them. I have zero time for cheats, and I certainly don't befriend them. I observe a personal zero tolerance approach to tax evasion.I can't imagine anyone on here would do it as easily as they are suggesting. If it was a stranger maybe but not a close friend.
We all know people who go around breaking the law in some minor way whether it be unpaid car tax or an unpaid TV licence and we don't go ringing the fraud squad even though the principal is the same.
Mandelbrot Ye I expect them to supervise health expenses!! It's not that crazy an idea.
They may be getting away with it today, but who's to say they don't get caught - and you forget that if they do get caught, they will end up paying a hell of a lot more in tax than you ever have! In the event of that happening, whats the chances that your friend won't be as forthcoming in letting you know the bad news?So basically what your saying is for one section of the population they're going to crucify you and for another we'll trust you are paying your fair share? Not fair. A better system needs to be employed.
I mean submit them as mandatory and not just as part of an audit.
Because we weren't tax compliant out of error. We misunderstood second home tax as being a tax on a second owned home not one rented and one owned.
Are you basing this off anecdotal evidence or real tangible stats?Judging by the amount of tax fraud, dole fraud etc I wouldn't holds breath that much will be happening to this person.
Go back and read what I wrote -as it's not this.Your suggestion at me pursuing a different career path at this point in my life is a good one ��
And self employment provides some scope with regard to tax avoidance - which is perfectly legitimate. With regard to tax evasion, you're far less likely to have someone volunteer info in the scenario of them having to make a settlement. Furthermore, it's likely that the person you are talking about will have to get lucky not just this tax year but every other tax year. Lastly, if they aren't so fortunate, it's going to cost them considerably more in the long run...the idea of going back to college to retrain and start again all to avoid taxes isn't that tempting and besides I'm honest and pay what I owe.
In 2012 the following was written.....It's shocks and disgusts me hugely. "In Ireland, revenue lost to the shadow economy is €7.6bn — equivalent to the total amount of cutbacks and tax increases that the Government is planning to inflict on the country over the next three years."
pretty much confirms what I was thinking all along. If there were some measures taken perhaps some of the classes sizes could have been reduced or perhaps some elderly old lady lying on a trolly up in Beaumount Hospital may have been admitted sooner? perhaps you and I may not now have to watch every penny we earn so we make it to the end of the month.
http://www.irishexaminer.com/viewpo...aud-ignoring-issue-of-tax-evasion-198781.html
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