Yes - and pay back the relief mistakenly obtained through a lump sum or an adjustment to their tax credits. I'd imagine that interest and penalties would not apply.mickaxe said:Hypothetically speaking, if a person was claiming rent relief for a period of years (3/4) and was not paying rent but were homeowners and forgot to cancel the credit can they 'safely' inform revenue
mickaxe said:I should expand on the fist post above - there is a reference to 'flat rate expenses' - '19.40' on my tax cetificate which I assumed were relating to rent relief I claimed some years back.
However, I just rang the Revenue Dept to enquire. The operator I spoke to said they were in relation to either my job or the industry I was involved in - I didn't get too much moe than that. I made the point that I didn't want them coming after me in 5 years time for credits I wasn't entitled and he said that the amount was too small and that this would not be the case. I also told him that my wife also had this credit for 12.80 but he just fobbed me off. Thursday afternoon before Paddys day eh?........
If in doubt get independent, professional tax advice. That, rather than depending on information Revenue give out - which can sometimes be inaccurate/incomplete, is the only way to be safe.Janet said:Doesn't matter what anyone says to you, if you don't have it in writing you can never be sure they won't come after you in a few years time (even then I'm not so sure they wouldn't). This happened to me where I went into Revenue and spoke to someone and asked if I needed to do anything regarding some employer stock options I had sold and also the stock purchase plan in place with that employer. I was told I wouldn't need to do anything and six years later was sent an income tax bill for 600 euro. Once bitten, twice shy - thought I was doing the right thing by going to them and innocently accepted what I was told as gospel. In future would always get it in writing.