I have been filing form 12 manually for the past 10 years. I have PAYE plus rental income and PRSA contributions to account for. I have just tried registering for ROS but note that I am not a 'EU Savings filer', Agent or TAIN holder. What am I supposed to do to file electronically? PAYE Anytime excludes Form 12 filers. The calculations I had to do last year were mind blowing!! I don't want to have to repeat. I have not phoned Revenue yet on this. Thanks, Slim.
Should I be using ROS?
- Thread starter Slim
- Start date
Do Step 1 on this page - http://www.ros.ie/PublisherServlet/info/setupnewcust
Under A on the next page register for Income Tax from the first dropdown.
Under A on the next page register for Income Tax from the first dropdown.
J
Jon Snow
Guest
Not a great idea to register for income tax unless he actually needs to.
OP, is this any use: http://www.revenue.ie/en/online/eform12/index.html
Many thanks. I didn't seem to be eligible for ROS! What would be my reg no or ID?
Hi Jon snow. That looks perfect, thanks a million both responders. Slim
I didn't know about the eForm12 being available via ROS.
I'm also a PAYE worker with rental income. ROS allows me to enter my PAYE income, which I do first and make sure is correct before I add any extra income. I can then enter my rental income, expenses, etc. and the calculations are done for me.
Your PPS number.
What is the downside with registering for income tax?
OK, tried the eform12 but I am not eligible as I was 'registered for income tax last year'. So, went back to ROS and have applied for RAN number. I will await the post and try to log in to ROS.
Thanks all.
I went several years unable to file a Form 12 electronically because of that mysterious "registered for income tax". It turned out that was Revenue-speak for "a chargeable person required to fill out a Form 11". That had happened because I filed a return for some non-PAYE income one year. But when I asked Revenue by phone if I had to fill out a Form 11 they got a bit shirty and said "not unless someone has asked you to". That left me in a bit of a limbo until, like you, I signed up for ROS and have been filing a Form 11 every year ever since, regardless of income sources.
Having a nightmare with revenue trying to pay cgt currently.
I rang the payments section to organise a DD for my (self assessed) liability from share sale. Payments section say I have to be registered for CGT & say call registration section. I call them and they tell me i need to register for Income Tax (TR1 form) and put my business down as share trading. I'm utterly confused as I'm a PAYE worker with a cgt gain. Another person tells me I have to wait until a CG1 form is processed for them to work out my liability. Revenue dont seem to know what I need to do, so how in the hell am I supposed to know!!!
I rang the payments section to organise a DD for my (self assessed) liability from share sale. Payments section say I have to be registered for CGT & say call registration section. I call them and they tell me i need to register for Income Tax (TR1 form) and put my business down as share trading. I'm utterly confused as I'm a PAYE worker with a cgt gain. Another person tells me I have to wait until a CG1 form is processed for them to work out my liability. Revenue dont seem to know what I need to do, so how in the hell am I supposed to know!!!
Sophrosyne
Registered User
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If you are not a chargeable person for income tax purposes, you should send a cheque accompanied by a CGT payslip to the Collector General’s Office. You should also complete a Form CG1 and send it to your own tax district.
This explains what you should do (see How do i pay my tax? and What information or returns should I send to Revenue about CGT disposals?) and provides links to the forms, which you can download.
Also, check out the deadlines mentioned on this page.
Just a related question from me. I am NOT a PAYE worker, I am not in employment and not seeking work. I AM registered for income tax and I fill out a Form 11 every year, which basically is just a declaration of income from deposits and, since last year, a tiny amount of shares. Currently I have no way to pay PRSI towards a contributory pension, even though I pay lots of PRSI on unearned income. If -- like the previous poster said they were asked to -- I was to put down my business as share trading, could I be registered as self-employed and make a self-employed PRSI contribution? On the downside, would I have to submit accounts, audited or otherwise? (We're talking about a couple of transactions per year).
J
Jon Snow
Guest
It's entirely possible you are getting crossed wires / talking at cross purposes with various people in Revenue.
The system is self assessment, and consists of two parts - PAY (your tax) & FILE (your return).
For part 1 it's up to you to calculate your CGT bill and pay it by the due date for payment of tax (15th December if you make gains in Jan-Nov, and 31 January if you make gains in December).
For part 2, as a PAYE taxpayer you don't file a full income tax return (Form 11), you simply complete a CG1 and submit it by the following 31st October.
J
Jon Snow
Guest
Whether you are engaged in a trade of share trading depends on the facts. I think you know yourself that you aren't engaged in such a trade.
Not at all. Obviously it would depend on the definition of being engaged in a trade. Certainly, it is the one and only economic business I am involved in. (Everything else is unpaid charity work). I'm not that hung up about it -- I was just thinking of it from the point of view that I pay more PRSI than many PAYE workers, yet I am credited with no PRSI contributions for any purpose including contributory pension. The one thing I do know is that it is PRSI in name only, merely the government taking an extra 4% without wanting to call it tax.
Yeah..finally got through to somebody who had a clue. All started when I rang the payments team wanting to make the payment. I was told I couldn't as I wasn't set up on the revenue system for CGT!!!! (seems bizarre you have to register to pay them a tax!). They gave me somebody elses number to call to register. I told this person the exact same thing Heres my "PRSI number- I have a taxable gain from trading some shares, I need to register for cgt to be allowed make the payment." At that stage revenue people got confused and tried to get me to fill out a tr1 form as its "income tax". when I queried this ,as a PAYE worker, (which they should see from my PRSI number) they got flustered, transferred me to somebody else and again onwards to somebody else!
I had submitted a CG1 form yesterday and was trying to pay my tax. I seemed to know more about what to do than revenue
They really need to make it more intuitive to do.
J
Jon Snow
Guest
Why do you think you aren't getting a contribution towards a contributory pension? If you are paying your €500 minimum class S PRSI annually then you will be getting 52 contributions towards your pension entitlement, no different than any other contributor in that class...?