What is the difference between me and wowser?
efm said:I wonder if the revenue will accept a Form 12 from you for 2005? - it might be worth checking out
Extract from Revenue tax briefing published December 2005:.....
Well, when I rang they told me I had to fill in the section containing exerpts from my accounts, even though my trading profit is zero and I take all my income as salary through PAYE. I reckon that's definitely more complicated than what I had to do last year...Ham Slicer said:The form 11 is no more complicated than the form 12. You're only filling in the sections relevant to you anyway. So if you don't trade you can ignore the first 7 pages etc.
wowser said:Well, when I rang they told me I had to fill in the section containing exerpts from my accounts, even though my trading profit is zero and I take all my income as salary through PAYE. I reckon that's definitely more complicated than what I had to do last year...
Yeah, I guess I was. After speaking to my accountant he pointed out that "my accounts" are actually my company's accounts - an entirely separate legal entity. So I just ignored the trading income section on the form 11. Completed it on ROS too - very handy...ubiquitous said:Are you confusing the contents of your company accounts with your personal (PAYE salary) income as director?
I asked my accountant about it and he said you only had to fill in the Form 11 if you had other income to declare other than the PAYE income.
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