Dear all,
I recently completed my Form 12 tax return and included share dividend payment. I received the Statement of Liability from Revenue, PAYE (Income Tax) and USC was deducted from the share dividend on the balancing statement, however PRSI was not deducted at 4%.
There is no reference to PRSI deducted from my salary payments either on the Statement of Liability so I am a little concerned.
I note that this is a "PAYE/USC Statement of Liability" but my understanding is that when you file a tax return the expectation is that Revenue will deduct all taxes due.
Is this a common occurrence?
I recently completed my Form 12 tax return and included share dividend payment. I received the Statement of Liability from Revenue, PAYE (Income Tax) and USC was deducted from the share dividend on the balancing statement, however PRSI was not deducted at 4%.
There is no reference to PRSI deducted from my salary payments either on the Statement of Liability so I am a little concerned.
I note that this is a "PAYE/USC Statement of Liability" but my understanding is that when you file a tax return the expectation is that Revenue will deduct all taxes due.
Is this a common occurrence?