I notice that Permanent TSB credit my savings account on 2nd January each year with the net interest earned in the previous year.
They deduct DIRT but use the previous year's rate eg on 2nd January 2020, they calculate the interest earned as € 100, for example, and then deduct DIRT at 35% so they only credit € 65 to my account.
DIRT in 2020 is 33% so shouldn't they credit my account with € 67
How much do they turn over to the Revenue € 33 and pocket the difference?
I will include this in my 2020 tax return as I certainly did not receive the interest until 2020
They deduct DIRT but use the previous year's rate eg on 2nd January 2020, they calculate the interest earned as € 100, for example, and then deduct DIRT at 35% so they only credit € 65 to my account.
DIRT in 2020 is 33% so shouldn't they credit my account with € 67
How much do they turn over to the Revenue € 33 and pocket the difference?
I will include this in my 2020 tax return as I certainly did not receive the interest until 2020