I have some very small dividend earning the last 2 years (We're talking around €100). I am a PAYE tax payer and misunderstood the information sent to me on the dividend receipt - there has been almost 50% tax paid on the dividends between foreign withholding tax and standard rate tax - so technically I don't think I owe anything - well I should pay tax at the higher rate but can also back tax from the country the shares are held in.
Does anyone have experience of broaching this kind of situation with revenue? I have read that the late penalty fees apply to the entire tax bill for the year and not just the income which I have not declared. I have been advised just to ignore it as it's such a small amount but I prefer to have these things straight.
Does anyone have experience of broaching this kind of situation with revenue? I have read that the late penalty fees apply to the entire tax bill for the year and not just the income which I have not declared. I have been advised just to ignore it as it's such a small amount but I prefer to have these things straight.