Revenue can add penalties if tax is not paid on time. / Ramona Farrelly
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I see Revenue has issued 12,000 letters to farmers who failed to file self-assessment tax returns for 2017.
Based on Revenue’s average figures, that’s about 9% of the farm community that pays tax every year.
Accounts for 2017 were due at the end of October last year, or mid-November if filing online, and any tax due to Revenue was meant to be paid on 31 October 2018.
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“Where this return is submitted after the due date, a surcharge (5% where the return is submitted within two months, otherwise 10%) will be added to your tax liability,” Revenue helpfully reminded the farmers in question.
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I see Revenue has issued 12,000 letters to farmers who failed to file self-assessment tax returns for 2017.
Based on Revenue’s average figures, that’s about 9% of the farm community that pays tax every year.
Accounts for 2017 were due at the end of October last year, or mid-November if filing online, and any tax due to Revenue was meant to be paid on 31 October 2018.
“Where this return is submitted after the due date, a surcharge (5% where the return is submitted within two months, otherwise 10%) will be added to your tax liability,” Revenue helpfully reminded the farmers in question.
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