Hi,
I received a letter from revenue advising me that I need to complete a Form 12 for 2015.
My wife and I do not receive any income other than paye income. I have a few questions:
- I received a critical illness payout from my life insurance company in 2015- this is exempt from tax- do I still have to include it in the form 12?
- As I was out sick for a number of months in 2015 my illness benefit was paid to me through payroll. This is reflected in my p60 earnings (ie total figure includes illness benefit). Do I still have to include the illness benefit received separately in the specific section for Payments from Social Protection given that it was treated as taxable income already?
-Other than med 1 expenses, employer paid health insurance, pension avcs, tax credits claimed is there anything else I need to be mindful of?- I want to make sure I fill it out correctly!
Many thanks,
Mark
I received a letter from revenue advising me that I need to complete a Form 12 for 2015.
My wife and I do not receive any income other than paye income. I have a few questions:
- I received a critical illness payout from my life insurance company in 2015- this is exempt from tax- do I still have to include it in the form 12?
- As I was out sick for a number of months in 2015 my illness benefit was paid to me through payroll. This is reflected in my p60 earnings (ie total figure includes illness benefit). Do I still have to include the illness benefit received separately in the specific section for Payments from Social Protection given that it was treated as taxable income already?
-Other than med 1 expenses, employer paid health insurance, pension avcs, tax credits claimed is there anything else I need to be mindful of?- I want to make sure I fill it out correctly!
Many thanks,
Mark