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Not submitting statement of liability

  • 06-02-2021 10:24am
    #1
    Mic-12345
    Registered Users Posts: 18 ✭


    Recently logged into to ROS to check what i might owe for 4 weeks of being on the PUP, checked the statement of liability and it seems i also had an income tax underpayment of nearly €2000 which came as quite a shock.

    I use onenof the tax rebate websites every year and they advised me to simply ignore the statement of liability and to not submit it, there by avoiding the €2000 income tax underpayment

    Is that correct? I mean surely revenue will come knocking for their underpayment of tax??


Comments

  • #2
    CramCycle
    Moderators, Sports Moderators Posts: 25,295 Mod ✭✭✭✭CramCycle


    I'm not sure officially but unofficially, if you don't submit it, you might get away with it but be prepared not to submit for the next 3 years so that it drops off the system and you don't get audited.

    This is based on what it used to be like years ago, but I presume nothing else has changed or else they would simply do everyones automatically.


  • #3
    Mic-12345
    Registered Users Posts: 18 ✭Mic-12345


    CramCycle wrote: »
    I'm not sure officially but unofficially, if you don't submit it, you might get away with it but be prepared not to submit for the next 3 years so that it drops off the system and you don't get audited.

    This is based on what it used to be like years ago, but I presume nothing else has changed or else they would simply do everyones automatically.
    Thats what i assumed, as in the way the old P21 balancing statement worked


  • #4
    Allinall
    Registered Users, Registered Users 2 Posts: 6,878 ✭✭✭Allinall


    What do you mean by “submit it”?

    It’s issued by revenue and the liability will stay on your account.

    If you don’t make arrangements to pay it, Revenue will most likely reduce your credits to recoup the money.


  • #5
    CramCycle
    Moderators, Sports Moderators Posts: 25,295 Mod ✭✭✭✭CramCycle


    Pretty much what I said, on the P21 you had to submit or get flagged for audit, otherwise whether you owed money or they owed you money, nothing happened. I'm not sure about the new system but my experience so far has been that unless I view and submit, I don't get refunded any overpaid, or a request for underpaid tax. Like I said though, not sure if it happens automatically with the new system, as in they've deemed mic12345 owes €2000 unless he amends to give different info. This said, maybe he has already started the ball rolling, I've always submitted so no idea what happens if you don't other than years ago when my partner realised she had overpaid tax for years but could only go back 4.


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