10% surcharge on CGT bill due to LPT not being paid on time!

M

merid

Registered User
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40
In August 2013 I sold shares and paid the CGT in October 2013 and submitted payslip.

Then in October 2014 I submitted the CGT CG1 form (before 31th deadline) - no outstanding tax was due.

But then just last week I got a note back to say I have been fined a couple of hundred hundred euro for late return. Looks like I was fined 10%.

I cannot see how I was late in making a return.

Am I missing something?
 
Looks as if you have done it correctly

Could you have been fined the 5% if you were a day or two late?

I understand that the penalty for late return is generated automatically.
 
I don't have letter to hand but I think it was around 10% of what I paid was the fine....It was definitely posted a couple of days before the deadline...
Thanks for that - I'll ring them - just wanted to check here that my due dates ware correct.
 
The penalty for late filing within 2 months is 5%.

It will say on the notice of assessment what the surcharge is for.
 
merid said:
I don't have letter to hand but I think it was around 10% of what I paid was the fine....It was definitely posted a couple of days before the deadline...
Thanks for that - I'll ring them - just wanted to check here that my due dates ware correct.
Click to expand...

Is your LPT/Household charge all paid up to date?
 
Clarkey said:
Is your LPT/Household charge all paid up to date?
Click to expand...

Hi Clarkey

I had not realised that the tax charges interact.

I had misread that bit on the CG1 form and had omitted it from the post above. I have put it in now.

From Form CG1 – Helpsheet – 2013 Tax Return

Assuming the OP has not paid his LPT on time, he will have to pay the CGT surcharge and the LPT.

Does it apply to people who pay their CGT via the Income Tax Return?
 
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