Hi everyone,
I am about to complete my Form 11 for 2008 on ros and I see a section for Top Slicing Relief in the employment section. It says "Amount of Top Slicing Relief claimed in 2008". I presume that I can calculate the TSR due to me for redundancy in 2008 and enter it here. That way I wont have to write to revenue and wait for them to do it.
If anyone can tell me exactly how to calculate TSR I would appreciate it.
For the prior 3 years I presume I add up the Net Tax Liability and Taxable Income for each of the 3 years from my completed Form 11's and divide them to get the average. Or is it the average rate for the 3 years employment only ( just PAYE income and not including other income as the Form 11 would do ).
After that its straight forward.
Thanks,
blarney