Hello,
I am a PAYE worker and last year I received US dividends and I just want to make sure i'm not missing anything.
I submitted my form12 online detailing the dividends and then I received a p21.
- The p21 does not mention PRSI anywhere. Do I pay PRSI on the dividends some other way? Or does revenue's MyAccount form12 handle all taxes owed on the dividends (income/USC/PRSI)?
- The p21 says that I underpaid but then says "This underpayment will not be collected at this time". Will revenue reduce my credits this year in order to pay for it?
- If revenue reduce my credits for this year do I have to inform my employer?
Thanks,
Darren