Additional tax on savings interest?

[txirimiri]

Just getting figures together for my accountant to start getting together 2009 tax return. She has asked for details of depost accounts and gross interest paid out on same, including gross interest paid out where DIRT was applied. Please don't tell me this means that I will have to pay additional tax on savings interest over and above the DIRT already paid??!!

 

[Breninio]

No additional tax, however PRSI and levies may apply. Loads of previous posts on this, do a search.

 

[txirimiri]

Obviously I am not going to make a false return -I am asking so that I am fully informed, not so I can evade tax!

Will do a search Brenino, thanks

 

[txirimiri]

Obviously I am not going to make a false return -I am asking so that I am fully informed, not so I can evade tax!

Will do a search Brenino, thanks

Having done a search, found advice from an accountant posting here last year that it is PRSI and health levy that woul be charged on interest rather than tax per se.

Strange - why call it PAY related social insurance if it is to be charged on income that is not pay related?!

Hopefully that is correct - if anyone has up to date info, would appreciate it