DIRT and Income tax liability

[kilkerry]

Having paid 20% dirt on dividends, am I still liable to any tax on the remainder of the dividend.

 

[nmh001]

DIRT is a retenion tax on interest income, not dividends.

What you paid was dividend withholding tax (DWT).

Whether you have more tax to pay depends on your level of income. If you pay tax at the higher rate then you will have more tax to pay. This is different to interest income that has had DIRT deducted - the tax liability on such income is capped to the DIRT already deducted

 

[kilkerry]

Thanks nmh001. As a paye when and on what form should I delcare the dividend?

 

[webtax]

Thanks nmh001. As a paye when and on what form should I delcare the dividend?

On a form 12 before 31st October (plus any tax due)

 

[kilkerry]

thanks webtax. Looked at the form last night.