Preliminary Tax (What counts)

[sberwick]

Hi All,

A quick question about preliminary tax, is income through PAYE ignored in the calculation?

Secondly, is interest that attracts DIRT ignored?

Thanks

 

[torblednam]

Preliminary tax is based on tax liabilities, not on income per se. But to give you the answer I think you're looking for, your preliminary tax payable figure will be based on the amount due after credit for PAYE & DIRT are allowed.

 

[sberwick]

Thanks for the reply - so the preliminary tax due would just be the "Total Liability" value from form 11? In my case I overpaid so no preliminary tax would be due?