Late payment of CGT

H

Hi52

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have looked on the Revenue website (and have rang Revenue too) with no luck and was hoping someone on AAM might know this off the top of their head!

If I make a disposal which is subject to CGT and I don't pay the CGT due by the specific dates set for for paying same (31 Oct/31 Jan), what interest is applied on the tax payable?

I know there is a surcharge (5% rising to 10%) for not making the return on time but I could not find what penalties/interest are applied to the actual tax liability after the deadline.

any help would be greatly appreciated!
 
Hi52 said:
Thanks Graham_07. Do you happen to have a reference for same?
Click to expand...

Like you Ihaven't been able to pin it down on a google search so I haven't got the exact tax reference for the current rate. However I took that rate from Chart 12 on page C-15 of the Irish Taxation Institute's Taxation Summary for 2006. It has the current and previous rates back to 1971 on it. HOpe this is a help.
 
if you get the payment in asap, you might not be charged interest
 
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