Hi, I received a letter from Revenue stating I sold share options in 2007 for 2400 euro and the relevant tax is now due. I didn't pay any tax when I exercised these share options (it was due 30 days after exercise date...). Am I liable to penalties now? I will pay the tax due but I worried about penalties, etc.
The letter stated I need to complete a RTSO1 form and also I need to attached a Form 11 for 2007. Can I do this myself or do I need an Accountant.
How much tax do I need to pay and do I have to pay penalties?