I am a PAYE employee on the higher rate tax. How do I declare dividends and interests on deposit accounts. I have 2 regular savers account and 1 current account that pays interest. Dirt is already deducted, do I still need to pay more tax?
Also, I have a few shares in a UK company and an Irish companies. Tax is already deducted. How do I declare this?
I am also filling out my Form 12 return for 2007. In relation to declaring dividends as income, is it the relevant tax year for which the company was paying the dividend - 2007- that is relevant for me or is it the year the dividend was paid.
For example, if I got a dividend paid to me in early 2008 for tax year ending Dec 2007 do I declare that in my 2007 return or is that declared next year in my 2008 return?
In lieu in filling in a Form 12 (for PAYE works earning less than €3175 on top of their PAYE income), you may declare 11 different types of income (incl Irish, UK, & US dividends) on the Revenue Online Service (ROS). In addition, you can claim teh usual tax credits (incl service charge & rent tax credit). You can register for ROS [broken link removed].