Hi All,
Just a question about a 'chargeable person':
Scenario:
Regular PAYE employee claiming PAYE tax credit.
Gross deposit interest received for the year: €3300
DIRT has been deducted on all of this @ 33%
Net deposit interest received for the year: €2211
No other non-PAYE income.
Just a question on whether a person is self assessed (Form 11) or PAYE (Form 12).
If 'chargeable', what are the other liabilities (if any) for PRSI/USC etc.?
I'm just trying to make sense of the statement on the form 12 document:
"An individual with a PAYE source of income and with net assessable non-PAYE income (including income subject to DIRT) of €3,174 or
more is regarded as a ‘chargeable person’ for Self-Assessment and must file a Form 11 for that year."
Any help would be great.
Thanks,
digweed.
Just a question about a 'chargeable person':
Scenario:
Regular PAYE employee claiming PAYE tax credit.
Gross deposit interest received for the year: €3300
DIRT has been deducted on all of this @ 33%
Net deposit interest received for the year: €2211
No other non-PAYE income.
Just a question on whether a person is self assessed (Form 11) or PAYE (Form 12).
If 'chargeable', what are the other liabilities (if any) for PRSI/USC etc.?
I'm just trying to make sense of the statement on the form 12 document:
"An individual with a PAYE source of income and with net assessable non-PAYE income (including income subject to DIRT) of €3,174 or
more is regarded as a ‘chargeable person’ for Self-Assessment and must file a Form 11 for that year."
Any help would be great.
Thanks,
digweed.