The 2019 Income Campaign is in its final stretch. Taxpayers have until June 30 to render accounts with the Tax Agency for the income obtained in 2019, although the deadline for those who have to pay and want to direct the payment is June 25.
In these last weeks of the campaign, many taxpayers wonder what happens if they do not file the return on time. And they should know that they do not meet the deadlines established by the Treasury has consequences, ranging from the payment of minor fines, to penalties and the payment of late payment interest, regardless of the reason: a mistake, a mistake or that the taxpayer does not know that he is obliged to present the income statement.
This year the figures have changed. The Treasury exempts those who had a single payer in 2019 and received up to 22,000 euros from making the declaration. In the event that you have at least two payers, you are exempt from filing the return if they do not exceed 14,000 euros per year. However, they are free to present it if the result is to be returned.
Let’s take the case of a taxpayer who is obliged to file it and becomes aware of it after June 30. What are you facing? It all depends on whether it is the taxpayer who does it after the deadline or if it is the treasury who claims it, whether the result is paid or returned and the time that elapses from the end of the campaign until its final presentation. We review hand in hand with ING bank blog the different scenarios that arise:
If it is the taxpayer who notifies the Treasury
It is the scenario with the least consequences, since the Tax Agency understands that the taxpayer has not had bad faith. However, the consequences depend on the result of the declaration:
If it comes out to return or zero
In this case, the treasury will pay the taxpayer what corresponds, although will fine you 100 euros. The figure can drop to 75 euros if the taxpayer does not appeal and pay the amount within the voluntary period. The entity recalls that the term “is a minimum of five days. Specifically, if the notification is made between the 1st and the 15th of the month, you will have until the 20th to pay. If you arrive later, you will have until the 5th of the following month ”.
If you go out to pay
If it is the taxpayer who must pay the Treasury, the delay entails the payment of interest on late payment as a surcharge. As ING explains, “first you will have to make the rent normally and, on the amount that you had to pay, the treasury will apply an additional surcharge percentage. That percentage increases depending on the time it takes to meet your obligations since the legal term to do so ends ”.
These are the terms and surcharges in each case:
- Up to three months: 5% surcharge without penalty or interest for late payment
- Three to six months: 10% surcharge without penalty or interest for late payment
- From six to 12 months: 15% surcharge without penalty or interest for late payment
- More than one year: 20% surcharge without penalty, but with default interest
If the Treasury claims the taxpayer
The economic consequences are greater if it is the Tax Agency who claims the presentation of the return to the taxpayer, although it also depends on the result.
If it comes out to return or zero
The Treasury will pay the taxpayer, although will fine you 200 euros, which is reduced to 150 euros if you pay within the mentioned deadlines and do not appeal.
If you go out to pay
This is the worst case scenario, and entails the payment of the corresponding amount plus a penalty of between 50% and 150% of the debt, “Depending on the economic damage to the public coffers, the seriousness of the concealment (it is not the same to forget you with a normal statement than to do it because you had stock transactions to pay for) and if you have committed other tax offenses”, ING clarifies.
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