Great site,just need definite info on interest received on deposits. Is it liable for income tax,even if dirt has been paid.Will I have to return the interest as earnings each year?. THANKS
[SIZE=+0]"In conclusion it would seem PAYE workers are not obliged in practice to declare such interest i.e. you won't be penalised for not doing so. If you are a self assessed tax payer then It would seem you have been incorrectly declaring your income to Revenue and need to give some thought to this matter.[/SIZE]"