31st October 2004 - what happens if I'm late ?

G

garrettod

Guest
Hi

Im not going to be able to complete & submit my returns by 31st October 2004. What happens as a result, is it just late interest ?

- Any idea where I can find more info ?

- Must I pay all late fines, interest etc at the same time as paying my CGT liability etc ?

Thanks for the help

Regards

G>
 
Filing via the Revenue Online Service used to buy you something like two week's grace but I'm not sure if that's still the case. As for penalties etc. is [broken link removed] of any use?
 
As pointed out you must file and PAY online to avail of this deadline.

This involves a bit of setup with the revenue (a few days for me, including passwords by post) so this bit should be done asap. You can then build your return online, calculate the resultant tax due etc, without submitting the return until you have to (final date Nov 18) .
 
Re: ROS

I'm pretty sure it is. I've heard of the ROS team going into some large employers with presentations for staff on how to use the system.
 
Re: ROS

you do not have to be an accountant to have ros.
I have quite a few clients who have it setup and they send in their vat & paye useing it.
 
Re: ROS

Yes ROS is available to individuals. However it is a Form 11 submission as opposed to a Form 12, a lot more options.
I think the distinction is that Form 11 is for Self Assesment individuals.
As a lot of PAYE people now have to file returns for CGT (First Active, etc), Share Options, ESPPs, then they fall into this catagory and can avail of this service.

Pierce
 
Re: ROS

I just looked up the relevant section in the guide [broken link removed] and it says,

"Self-assessment taxpayers, typically self-employed individuals and/or individuals with non-PAYE
income such as rental income or investment income (my emphasis), are subject to the Pay and File system. If you are
a self-assessment taxpayer, under Pay and File, you must pay any Income Tax due and file your Tax
Return on or before 31 October 2004. This means that you may have to calculate your own tax liability
to meet your Pay and File obligations."

and further down says,

"As an alternative to paper filing you can file your income tax return/accounts information and pay your
liability on-line, using the Revenue On-Line Service (ROS)."

Pierce
 
I know this is an old thread but I just want get clarification if individual PAYE employees can use ROS.

One of the faqs says...

"I am a PAYE taxpayer, can I become a ROS customer?
Current ROS service cater for Self Assessed , VAT registered and Employer registered customers only. PAYE customers may only use the service if they also fall under one of the categories above. When applying for a digital certificate a PAYE customer must enter his/her VAT or Employer self assessed tax number.. "

Anyone used ROS as an individual. All I want to put in is CGT figures.

LK
 
If you are in PAYE land, similar to civil servants, you wont be jailed for failing to make a return this year or any year.

CGT is 'self assessment'. If you know the calcs, send it with a cheque to your Revenue office and they will gladly accept it.

You would have had it done while beating your way through ROS.
 
I have just come from a talk given by the Revenue which was organised by my employer to discuss PAYE issues, tax credits, returns etc. I raised this issue regarding PAYE workers using the ROS service. As it currently stands, tax credits can be claimed online on only a small amount of issues, e.g waste charges. This is not done through the ROS site. However from 1st January 2006, every PAYE worker will receive a PIN number on their Tax certificate which will allow then to register for Online services. From what I could make out, this will be a different service to ROS. The new service will give online access to a much wider range of on-line services for the PAYE worker, e.g you will be able to complete and submitt form 12. As it currently stands this can only be done on paper.
 
geri said:
As it currently stands, tax credits can be claimed online on only a small amount of issues, e.g waste charges. This is not done through the ROS site.
Click to expand...
Yes - see the links at the top of the [broken link removed].

The new service will give online access to a much wider range of on-line services for the PAYE worker, e.g you will be able to complete and submitt form 12. As it currently stands this can only be done on paper.
Click to expand...
Don't forget that if there are no material changes in your financial/tax circumstances (e.g. your tax credits are correct and your liabilities are being correctly calculated and deducted/remitted) then there is no need to file a Form 12 return each year. You only need to do this if there are changes in your circumstances and/or Revenue unilaterally ask you to file a return. Even when there are changes in your circumstances often writing to Revenue in relation to the specific issue will allow them to update their records and sort things out correctly. This is what I always do anyway.
 
Clubman

I posted the reply above as there was conflicting responses in this thread as to whether individual PAYE workers could use ROS. As I had just gotten it from the horses mouth so to speak, thought I'd just post it. They can't.
 
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