Does this include State Savings interest?Firstly, any and all deposit interest, no matter how small the amount, must be declared
Does this include State Savings interest?
Yes. They charge PRSI & USC on it.Basic question: If it's interest on an Irish account from which DIRT has already been subtracted, does it still have to be declared on Form 11 or 12? If so, for what purpose (the government already has the money)?
If you are self assessed, filling in F11 via Ros, then you need to fill in your interest. Forget about speculating on the 99pc, it's your concern.But Revenue already has all that data anyway which they could easily triangulate. My guess is that 99% of the population earning interest on small savings accounts never completes Form 12. They just think that 35% DIRT is all they owe.
My understanding is that you need to file it using Form 12 if you are not self assessed. On the broader point, fairness, efficiency and simplicity of tax collection is a societal concern.it's your concern
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?