[quote=“The Wild Colonial Bhoy, post: 852685, member: 80”]naturally enough Im paying tax on my rental property.
Ive heard of two cases where revenue have caught people not declaring rental income and the penalties are huge
too risky not to declare it[/quote]
agreed, im the same
since 2011 the revenue have slammed in hard on 2 things
- tax on rental property- anyone not paying this is not clever, they will screw you
- tax on share options that are given to employees of various US corporations, i know a few lads who never paid any tax on these since ~2002 and every year they getting increased amounts of the yokes, buying gaffs, boats, weddings, etc. One fella i know panicked, met his accountant, came clean and sent a check of 17k into the revenue last october. Since 2011 some companies are now just deducting 48% of whatever they give you in shares and sending that to the revenue for you. You still owe the BIK tho.
A few individuals i know are hoping the revenue have forgotten about what they were at pre 2010, they’ll be fucked otherwise