Undue Income Tax Refund

[marsharua]

I have just received from Revenue a cheque for refund of income tax that is for more that eight hundred euro in excess of what I am due. When
submitting Form 11E I gave correct figures for income received from two
sources but for some reason or other Revenue overlooked the income from
one of the sources, amounting to about one-third of total income received.
I must confess that in these hard times I am tempted to lodge the cheque to my bank account. Since it is their mistake, Revenue could do no more than demand return of the excess if they eventually discovered their error and there is every liklihood they would never discover it.
However, I have decided to return the cheque with a letter of explanation. Does anyone disagree with my proposed course of action ?

 

[papervalue]

I have just received from Revenue a cheque for refund of income tax that is for more that eight hundred euro in excess of what I am due. When
submitting Form 11E I gave correct figures for income received from two
sources but for some reason or other Revenue overlooked the income from
one of the sources, amounting to about one-third of total income received.
I must confess that in these hard times I am tempted to lodge the cheque to my bank account. Since it is their mistake, Revenue could do no more than demand return of the excess if they eventually discovered their error and there is every liklihood they would never discover it.
However, I have decided to return the cheque with a letter of explanation. Does anyone disagree with my proposed course of action ?

Just ring up, quote your pps number ask to include income not on assessment and issue an amended assessment

also ask them to cancel cheque and just tear it up.

An letter to them could go into a black hole and take months to be dealt with

 

[Graham_07]

You may do as you proposed, or alternatively contact Revenue by phone ( number on the assessment)and explain the situation. They will check the file and issue an amended notice of assessment. That will show the correct overpayment ( i.e. the difference between what you got and what you should have got . You then pay that amount back to them so you'll be able to retain the correct amount from the refund.

Regardless of the error, you are liable for the correct amount and a Form 11E is a self-assessed return. It is up to you to ensure that the correct return is filed. For anyone to suggest otherwise (despite the circumstances) would be wrong.

 

[Homer]

I think you are to be commended for your honesty. I expect a large proportion of people in a similar situation would say nothing and hope for the best.

Homer