Following representations from ICAI, Revenue have clarified the position on accepting Forms 11 and CT1 if the property incentives panels were apparently missing details.

An article in Tax Briefing Issue 64 had suggested a system of rejecting returns which cast doubt over the application of the surcharge regime. ICAI wrote to Revenue to point out that the Tax Briefing article:

• Failed to set out the position for ROS filers
• Distinguished the treatment of compliant taxpayers who filed before August as against compliant taxpayers who filed after August, which we felt was unfair
• Could lead to an application of the penalty surcharge in a manner not envisaged in the legislation

The matter was discussed with Revenue further at Main TALC. In response, Revenue issued eBrief 35/2006, which can be found at Section 2.02.

Revenue's comprehensive and widely circulated response to our submissions is appreciated.