RTS01 Tax Filing via ROS

fidelcastro

Frequent Poster
Messages
111
Hello ,
Is it possible to pay & file RTSO1 tax via ROS, or is the paper based system still necessary.
I registered for ROS but didn't find relevant information on the Revenue site.

Alternatively has anyone posted the form but paid directly via ROS.
Thanks
Fidel.
 

Caoifse222

Registered User
Messages
1
I did it with the help of the accountant, I don't know if you can do it directly on ROS. You can contact them on the contact form and ask to enable that for you I guess. Let me know how it goes
 

fidelcastro

Frequent Poster
Messages
111
Hi thanks for messages. I found out how yo pay & file RTSO1 via ROS.
1. Scan paper form.which outlines the RTSO1 gain, date and tax due.
2.Via MyEnquiries attach scanned document to message to Collector General subheading "general enquiries"
3. In ROS make a payment . An option pulldown of RTS01 can be found. This at least assigns the payment correctly.
4. Scan payment confirmation ref number.
Attach to email in 2.

5. Cry!! as 50% of your gain, which took 10 years to make anything is handed over.

6. Relax knowing your fully compliant.

Fidel.
 

Hiragii

Registered User
Messages
14
Hi thanks for messages. I found out how yo pay & file RTSO1 via ROS.
1. Scan paper form.which outlines the RTSO1 gain, date and tax due.
2.Via MyEnquiries attach scanned document to message to Collector General subheading "general enquiries"
3. In ROS make a payment . An option pulldown of RTS01 can be found. This at least assigns the payment correctly.
4. Scan payment confirmation ref number.
Attach to email in 2.

5. Cry!! as 50% of your gain, which took 10 years to make anything is handed over.

6. Relax knowing your fully compliant.

Fidel.
I know this is a bit old, but can anybody confirm if the above steps still work for sending the RTSO1 form electronically?

I've been sending a letter to the Collector-General in Limerick for the last couple of years, but now with the "lockdown" is a bit inconvenient to obtain and mail a physical letter when I could just attach the form online in the "MyEnquiries -> Collector-General's -> General Enquiries" section.

Thanks.
 

fidelcastro

Frequent Poster
Messages
111
It should do.. Filling online and my enquiries attachment gives 100,% verifiable and free ! Don't forget to fill in F11 with RTSO amounts!
Were you paying by cheque too?
 

Hiragii

Registered User
Messages
14
It should do.. Filling online and my enquiries attachment gives 100,% verifiable and free ! Don't forget to fill in F11 with RTSO amounts!
Were you paying by cheque too?
Thanks for confirming! :)

On my first ESPP, I contacted Revenue and they gave me a bank account where I could transfer the amount. After my ROS account was created, I just paid by debit card as per your step 3, but I was still sending the letter to the Collector-General in Limerick.

Yes, I'm including the RTSO in the form 11 (can't believe they still haven't added a RTSO section in the form 12!). I still think that the whole process it's a bit convoluted for PAYE employees and I've been hoping they'd change it to make things easier. Revenue are missing on a lot of taxes because of this, as most people in my office - and I guess it's similar in others - don't make the effort to understand the process.
 

Gordon Gekko

Frequent Poster
Messages
4,136
Revenue receive a submission from the employer in March listing people’s share based remuneration for the previous year. That’s then cross-checked against RTSOs and Form 11s with a view to chasing down any non-payers.
 

fidelcastro

Frequent Poster
Messages
111
Watch out!. Ignorance isn't a defence - and if any ESPP US multinational shares are held in foreign custody accounts your colleagues are sitting ducks, with PPS number , address and Ireland as country of residence.
Horrendous penalties and interest, will need to be paid eventually, when the cash may not be available, so advise them to pay up,
 
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