Revenue has access to the following information about you.
Do you have a letting agent looking after your property? If so, your letting agent has to return the rents you earn to Revenue.
They also receive information on the rental sector from;
You also have to pay Local Property Tax [LPT] on your properties. If you have 4 properties you are not living in them all, so the expectation is that you are renting 2 or 3. Therefore, they know how many properties you have.
Are you Vat registered? If so, you will have to make Vat return to revenue during your accounting period.
In short, you have to tell Revenue:
Two very topical sources:
If you receive Share Options, you need to register for Income Tax and file a form 11. For dividend income, the company paying you the dividend has to file a return.
We look at the advantages to purchasing an Electric Vehicle through your company, while also helping the environment.
Key considerations if you decide to take a Directors loan from your company
We look at steps your business can take to fight Climate Change
We look at how Revenue choose who to audit and why.