Posting for an another. A tax bill was received recently stating that tax payment is overdue from 2022. The accounts were submitted by an accountant for 2022. Revenue has applied a substantial additional charge for failure to pay on time. This person has been with the same accountant for over 20 years without this problem. Does anyone know how to address this issue? Thanks
Posting for an another. A tax bill was received recently stating that tax payment is overdue from 2022. The accounts were submitted by an accountant for 2022. Revenue has applied a substantial additional charge for failure to pay on time. This person has been with the same accountant for over 20 years without this problem. Does anyone know how to address this issue? Thanks
. A tax bill was received recently stating that tax payment is overdue from 2022.
For what? Their client's failure to pay on time.what is clearly a substantial tax bill?Ask the accountant for an explanation?
For what? Their client's failure to pay on time.what is clearly a substantial tax bill?
Hi Gordon,Hi Tommy,
It reads like it’s the accountant’s mistake.
Regards,
Gordon
Hi Tommy,
It reads like it’s the accountant’s mistake.
Regards,
Gordon
Hi Gordon,
The obligation to pay a tax bill rests with the taxpayer. The amount here is clearly significant. Would you not think something was amiss if a major and anticipated expenditure item for whatever reason was never deducted from your account over a period of 16 months?
The return was submitted according to the OP.Ah come on.
If I send my stuff to my accountant to calculate and remit my tax liability and he or she drops the ball, whilst the primary liability rests with me, clearly the accountant is to blame.
We can assume that the original amount must at least been in the tens of thousands, given that Revenue only charge 8% p/a on late payments. This bill is 16 months overdue.... a substantial additional charge for failure to pay on time.
The return was submitted according to the OP.
The liability sum must have been very large indeed for its non-payment to now trigger
We can assume that the original amount must at least been in the tens of thousands, given that Revenue only charge 8% p/a on late payments. This bill is 16 months overdue.
Is it credible that a taxpayer would not notice the non-payment of such a large sum if they were keeping even an occasional cursory look at their bank account?
Anyone who conducts their affairs on the assumption that their accountant will never make a mistake will sooner later learn the folly of that.
If it's a mistake, it must be a massive one.I get you. I am reading it as there’s a mistake in the return which has triggered a further liability. You’re (possibly correctly) reading it as the return was submitted but the tax never collected, which someone should notice.
That is true, but if it's interest that has been charged (and that too is unclear as of now) it would date from the original due date for 2022 Preliminary Tax (31 October 2022).If it was a form 11 would the time overdue not be only 5 months since October 2023 ? It's hard to know the OP's definition of substantial also.
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