Background is that I first rented my apt in 2011 and used Form 12 to pay tax. Thats ok.
For 2012 I am over the threshold and I have to self-assess and complete Form 11. In order to file and pay I registered for ROS and registered for tax. I go in to begin working on my return online and its states it is not due till 2014...
I email Revenue...they reconfirm and say I have 2 years to pay and file as I only registered for self-assessment in 2012. They understand i used Form 12 for 2011.
In the Guide to Self-Assessment it does say that one has 2 years to file and pay when they first start to trade under self assessment but everywhere else it seems to say that on 2012 rental income I am obliged to pay preliminary tax and tax by end of Oct 2013.
I would be grateful if anyone could advise as to what is correct. If I don't have to pay till 2014 it would be a weight off my mind. Although I appreciate it would be a whopper of a bill.
For 2012 I am over the threshold and I have to self-assess and complete Form 11. In order to file and pay I registered for ROS and registered for tax. I go in to begin working on my return online and its states it is not due till 2014...
I email Revenue...they reconfirm and say I have 2 years to pay and file as I only registered for self-assessment in 2012. They understand i used Form 12 for 2011.
In the Guide to Self-Assessment it does say that one has 2 years to file and pay when they first start to trade under self assessment but everywhere else it seems to say that on 2012 rental income I am obliged to pay preliminary tax and tax by end of Oct 2013.
I would be grateful if anyone could advise as to what is correct. If I don't have to pay till 2014 it would be a weight off my mind. Although I appreciate it would be a whopper of a bill.