Late returns can result in:
- A Surcharge
- 5% of your total tax (max €12,695) if filed within 2 months
- 10% (max €63,485) if filed more than 2 months late
- Restrictions on Tax Reliefs
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- You may lose access to things like loss relief or capital allowances.
- Interest and Penalties
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- You’ll also pay interest if tax is unpaid.
