Mary Upton
Question:280 Dr. Upton asked the Minister for Finance if he will review the tax liability of a person (details supplied) in Dublin 6W; and if this person is paying the appropriate level of tax. [11688/04]
View answerTuesday, 27 April 2004
Questions (221)
Written answers
I am advised by the Revenue Commissioners that a capital gains tax return for the year 2002 was received from the taxpayer on 7 November 2003 together with a capital gains tax computation setting out a liability of €4,515 on a capital distribution received from Scottish Provident in 2002. A bank draft for €4,515 was also received.
A notice of assessment to capital gains tax was issued on 30 December 2003 setting out the liability to capital gains tax at €4,740.75 to include a 5% surcharge of €225.75. The surcharge was applied as the return was not submitted on time on 31 October 2003. The taxpayer paid the surcharge of €225.75 on 13 January 2004.
On examination of the covering letter, dated 5 November 2003, submitted with the return, the taxpayer indicated that the delay in submitting the return was due to the fact that as her post was being redirected to her sisters she did not receive a letter from Scottish Provident advising her of her obligations until after the return filing date.
In the circumstances, the Revenue Commissioners are prepared to waive the surcharge of €225.75 and have arranged for the issue of an amended notice of assessment to capital gains tax for 2002 together with a repayment of €225.75.