Members are advised that reminder letters are issuing from Revenue this week to taxpayers and their agents where Income Tax returns for 2010 have not been recorded on Revenue’s systems as filed, either electronically or in paper format.
Members should note that failure to file the outstanding return and make payment of the tax due may result in penalties for non-filing, will increase the possibility of the taxpayer being selected for audit, and may result in prosecution.
Revenue advises that if, for any reason, a taxpayer considers that they are not obliged to submit a tax return for 2010, they should advise their Tax District.
Revenue Information Leaflet IT10 – A Guide to Self-Assessment includes information which may be of help to members in dealing with their client’s income tax affairs.