Hello
I’m in a situation whereby I was infromed by the IR that I was no longer required to submit a return (From tax yr 2005/6) as my tax afairs were relatively straight forward. However, I replied informing the IR that in the respective tax yr I had acquired a property and was renting it out. The IR subsequently requested i provide the relevant paperwork with regards to my income and running expenses. I sent back the relevant information, (this was over a year ago). As yet, I have had no additional response from the IR – I contacted them, (via their helpline) asking if I should still be completing a tax return to which I was infored that until i’m told otherwise, this it is not necessary for me to comeplete a return. My concern is that will I have to pay any penalties if i am at some point requested to submit a return as respective time periods for submisison have elapsed ? Or am I in a safe position as the IR have suggested I can refrain from submitting a return for the time being ?
Many thanks
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