The Treasury’s “fear letters” will arrive from July 1: who are they addressed to?
There are only a few days left until the end of the Income Tax Campaignand taxpayers rush the last days to prepare and present your draft before the Tax Agency and, in each case, pay or receive the debts contracted with the Treasury.
For many taxpayers, the Income will return: the Tax Agency, in fact, has already returned a total of 6,013 million euros to all those who have received a negative figure.
However, those who have not satisfied their pending accounts with the Treasury or have not submitted the declaration on time, or for other reasons that require the taxpayer’s attention, the Tax Agency will send them the “fear letter” starting next July 1.
The fear cards demand citizen action
The so-called ‘fear card’ is a document sent by the Treasury to the taxpayer in the expectation that it will perform some action (there are different types depending on what the expected action is).
This ‘fear card’ receives this name because its perception can have economic consequences in certain cases, as penalties of between 50% and 150% of the total of a debt not satisfied with the Treasury. A penalty that is aggravated if the taxpayer is a repeat offender or if the Tax Agency considers that there has been economic damage due to the taxpayer’s action (or inaction).
Types of ‘fear letters’ from the Treasury
- Request. It is a notification that the taxpayer receives when the Treasury detects that the information completed does not match what they have in their tax reports. And it is always mandatory to respond to it or the Treasury could issue a sanction.
- Liquidation proposal. It is received when the Treasury considers that some information that it considers erroneous must be modified.
- Inspection investigation initiation. A request for documentation for a tax inspection.
- Sanctioning file. The official confirmation that the Treasury considers that the taxpayer has committed some tax violation.
- Information letter. This is a letter sent by the Tax Agency as information. In these cases it is not necessary to respond, but it is necessary to verify that it has been received, because all your letters are certified.
- Procedure resolution. It is a notification with the final conclusion on the procedures that have been open with the Treasury.
- Providence of pressureThis is a letter in which the Tax Agency establishes dates on which it will collect the debt incurred. In this case, it is important to respond quickly to try to appeal or postpone payment.
- Seizure proceedings. Similar to the previous one, but in which the Treasury already reports the collection of the debt directly. Example of enforcement order: The Treasury informs me that I have a deadline to pay my €1,000 debt with a 10% surcharge.
When can the ‘fear letters’ arrive?
The ‘letters of fear’ will begin to be sent from the last day of the Income Tax campaign, that is, this same July 1st. That does not mean that you have to receive it that same day or in the following weeks: the Treasury has up to four years to send it to you.
To solve these situationsYes, it is best that you respond to the request and resolve your pending accounts with the Treasury as soon as possible. to prevent penalties from increasing.
Penalties for submitting income after the deadline
As detailed from the portal TaxDownnot submitting the Income Tax Return within the period established by the Tax Agency forces the taxpayer to face a penalty in addition to also submitting the draft.
It may be the case that, the term has expired and the Declaration to be paid has been issued, the Treasury has not claimed payment. In this case, the income must be presented as soon as possible, since The Treasury will charge a surcharge with interest of 1% for each month delay.
However, If the Declaration is submitted after the deadline, it is payable and the Treasury has issued a requirementthe sanctions can reach between 50% and 150% of the debt incurred with the Public Administration, depending on the seriousness of the infraction. This fine may be reduced by 30% if the sanction is accepted (‘conformity reduction’) or 25% if paid within the specified period as a volunteer in the notification (‘payment reduction).
In the event that the Declaration is returned, the fine can be 100 to 200 eurosdepending on whether the Treasury has not required payment or whether it has done so respectively.
