R
redbay
Guest
Hi I am wondering has anyone else the same problem, I am in the PAYE system, and am an Employee.
I have some money earning interest, before the interest is relasesd, the bank deducts DIRT tax, is it 25% now.
After that I suppose you could say, my Tax liability has been met, is it necessary for me to do a Tax return on the basis of this Bank Interest.
I checked the Revenue site, they mention, investment income, share income, property income etc, but as the Bank is collecting Dirt on my behalf is Bank Interest treated differently.
I understand if I did have a Tax Return to file, I would need to fill in the interest as additional income, but do I only do this if filling out a return, or do I need to fill out a return , soley for Bank Interset, which has had Dirt applied to it already.
I have some money earning interest, before the interest is relasesd, the bank deducts DIRT tax, is it 25% now.
After that I suppose you could say, my Tax liability has been met, is it necessary for me to do a Tax return on the basis of this Bank Interest.
I checked the Revenue site, they mention, investment income, share income, property income etc, but as the Bank is collecting Dirt on my behalf is Bank Interest treated differently.
I understand if I did have a Tax Return to file, I would need to fill in the interest as additional income, but do I only do this if filling out a return, or do I need to fill out a return , soley for Bank Interset, which has had Dirt applied to it already.