Hey all,
I am sorry if this has been asked before but I am in a bit of a panic.
I received a letter today stating that I owed the entire amount of my tax for the year 2015 and it has to be paid within 7 days. I assumed I owed the total amount for 2015 at the end of Oct.
I was confused by this and assumed I made the mistake of filing my return for the wrong year.
When I spoke to revenue they stated it was because I hadn't my preliminary tax paid up for 2015.
Obviously this is my mistake as I had assumed that preliminary tax was optional and was a way of reducing the tax bill for the following year.
I have always paid everything on time - I am never late with my VAT and I had assumed I was never late with my tax. I always filed my return during the year and had the total paid before the end of Oct. I never paid preliminary tax as I struggle with paying everything as it is!
I will most likely be able to pay this amount they are requesting on time but I am worried about next year. There is no way I will be able to pay the whole of 2015s tax and also the same again as preliminary tax for 2016 at the end of this month.
Can anyone give me some advice on this situation?
Thanks.
I am sorry if this has been asked before but I am in a bit of a panic.
I received a letter today stating that I owed the entire amount of my tax for the year 2015 and it has to be paid within 7 days. I assumed I owed the total amount for 2015 at the end of Oct.
I was confused by this and assumed I made the mistake of filing my return for the wrong year.
When I spoke to revenue they stated it was because I hadn't my preliminary tax paid up for 2015.
Obviously this is my mistake as I had assumed that preliminary tax was optional and was a way of reducing the tax bill for the following year.
I have always paid everything on time - I am never late with my VAT and I had assumed I was never late with my tax. I always filed my return during the year and had the total paid before the end of Oct. I never paid preliminary tax as I struggle with paying everything as it is!
I will most likely be able to pay this amount they are requesting on time but I am worried about next year. There is no way I will be able to pay the whole of 2015s tax and also the same again as preliminary tax for 2016 at the end of this month.
Can anyone give me some advice on this situation?
Thanks.