Tax on UK bank account...

[niallck]

I recently opened a sterling account in NI.I was told by the bank that the tax on the interest could either be paid in the UK as a non-resident, and I would have to declare it in Ireland as well.I was given a UK Revenue form for a "non resident saver", which meant I would receive interest without tax taken off, and a "EU Savings Directive-Data Capture Form". Should I declare the interest in both countries?

 

[M K Brazil]

If Irish resident etc and no connection with the UK - pay you tax here only.

 

[B1e2r3n4a5rd]

You can, complete a form and , receive the interest tax free and then you should include the interest received on your Irish tax returns.

Or you could allow witholding tax to be deducted and also include the gross amount on your Irish tax returns and then deduct the witholding tax from what is due in Ireland.

Gettingn paid gross is best.