Form 11 2007

F

FredBloggs

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I completed a form 11 and submitted it to the Revenue on 25th August. Its form 11 because I have some rental income. Reading similar threads here I thought that maybe I should have heard back from Revenue by now so I went in on ROS under their "correspondence tracking" and it said "the Revenue have had no correspondence from you in the last 3 months". Am I right in thinking the Revenue should have shown on this the receipt of my return or is it in a big pile waiting to be opened and thus not shown as received on ROS?

On a slightly related matter I got a small unexpected inheritance last week. Should I do a supplemental return to show the CGT on this? As far as I can find out you have to pay CGT on inheritances received up to the end of Sept 08 by 31.10.08. I received a letter from the solicitor saying he was making payments on account at this stage to all beneficaries and the balance would follow in due course. He didn't say what the balance was but from my calaculations on what I have so far I would have a small amount of CGT payable.
 
You should have received a Notice of Assessment from Revenue at this stage. Best course of action would be to ring your local district and check with them if they've received the form 11.

There will be no CGT on the inheritance, you will however be liable to pay CAT. This must be paid within four months of the grant of probate. Depending on who gave you the inheritance you will have a different level of an exemption threshold. I'm sure there's a guide to CAT on Revenue's website.

The return you need to submit for the CAT is an IT38 and you also need to submit a CA11. Both forms are on the Revenue website.
 
Thanks for your help. I hope my return is somewhere in their system as I submitted it before end August so they would do the comp and as last year was messy enough for me I don't fancy doing it myself. I'll ring them and see what they say.

Don't know the details of the inheritance. I just got a cheque and a note from the solicitor saying it was on account. Nothing else - presume it was a standard letter to all the beneficaries and that my balance will be only a few hundred as I wasn't a major beneficiary. I know nothing at all about the process or at what stage probate takes place. I'll contact the solicitor for further details.
 
FredBloggs said:
Thanks for your help. I hope my return is somewhere in their system as I submitted it before end August so they would do the comp and as last year was messy enough for me I don't fancy doing it myself. I'll ring them and see what they say.
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Its up to you to calculate your tax liability, if any. The Revenue merely process the figures that you present in the return. You are responsible for ensuring you don't underpay your liabilities. The Revenue have no responsibility whatsoever in this regard.
 
When using ROS it is of vital importance that you always print off the screens to prove (or disprove ) the return has been accepted. I spend my life telling people this. Only this week I had someone on who now has Revenue chasing him for a return for last year. He swears he upload it, I know we was on the phone enough times to me preparing it! I asked him did he not have the screen shots to prove it, he sheepish told he was too busy to bother. Well he is busy now...
 

From Form 11

If you want Revenue to calculate your Income Tax liability for you, to assist you in paying the correct amount by the due date, you should file the return on or before 31 August 2008
 

Towger - I posted in my return as wasn't comfortable with the Ros return (I'll try it next year) -sorry didn't make that clear in my first post. I just used Ros to track my correspondence (which it isn't showing)
 
FredBloggs said:
Towger - I posted in my return as wasn't comfortable with the Ros return (I'll try it next year) -sorry didn't make that clear in my first post. I just used Ros to track my correspondence (which it isn't showing)
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I have a feeling you are looking under the employee section of ROS. This will not acknowledge any income tax correspondence with tax office. Two seperate sections!
 
Clarkey said:
I have a feeling you are looking under the employee section of ROS. This will not acknowledge any income tax correspondence with tax office. Two seperate sections!
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I was wondering that - I have only dealt with the employee section before as I am an employee. Just on Form 11 because of rental income. But since form 11 gets sent to the Collector General rather than the local tax office it makes sense. Do you know how or if I'd track this?
 

Phone call to 1890 - 203070 would sort it. They will confirm if return has been received. If you had filed on ROS you would have your assessment the next day.
 
Just phoned and they were able to confirm received in August but not dealt with yet.
I would have used Ros but 2007 was particularly messy and I didn't feel it a good place to start using it. However hopefully next year I will.

BTW will I need to re-register for ROS for Self Assesment or will my current pin etc be sufficient
 

You will need to apply for a self employed ROS cert. There is a facility using this cert to see all your employment details under a seperate tab so you will no longer need your reach services pin.

http://www.ros.ie/PublisherServlet/info/setupnewcust
 
FredBloggs said:
From Form 11

If you want Revenue to calculate your Income Tax liability for you, to assist you in paying the correct amount by the due date, you should file the return on or before 31 August 2008
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Yes but my previous comment still applies

 
ubiquitous said:
Yes but my previous comment still applies
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I agree with this but I wanted to get their assesment so thats why I submitted by end August. I wanted to cross check -v- what I have calculated. As I stated last year was very messy and I wanted to make sure I didn't leave anything out in my comp
 
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