Some queries on Tax Return via myaccount

Advice appreciated. I've been a PAYE worker all my life until end of 2023 and did my tax returns via Myaccount as also had need to declare income from US dividends etc etc. So very straightforward.

For 2024 my income comprised a small amount of JB/DSP but I also received a consultancy payment which I need to declare for tax. I'm aware that under 5k 'casual work' (which this is) can be included in the usual tax return but I cannot find in the tax return form on revenue online under other income where this can be captured. (there is a section labelled Untaxed Irish income but the subsections are very specific such as annuities etc and doesn't mention consultancy or casual work). Having trawled the site a few times now, I cannot find where non PAYE income can be captured - if anyone can direct I would very much appreciate it.

I also had deemed disposal 41% exit tax forced due to the 8 year cycle of an Irish investment fund at the end of last year and for the life of me cannot find a specific place to capture same (as I've assumed given 41% v 33% DIRT it is not appropriate to capture where I capture interest/DIRT). Apologies in advance if very basic queries (and while I've been reading threads on the site for quite a while - this is my first query/thread) but given my only experience has been based on PAYE, am stuck and appreciate members guidance/advice if appropriate.

I declare untaxed income on MyAccount every year, so there must be a field for it.

I just can't recall the details of the webform.


Regarding exit tax, I have bad news for you: somebody else on AAM, more knowledgeable than me, stated that to declare and pay exit tax, you must register for income tax and complete (the much longer) Form 11.

How much exit tax do you need to pay? Was it from an ETF or from a investment fund from a life insurer?

Investment fund with AIB Life (previously Irish Life). 41% which equated to over €12k…

What sort of fund? A unit linked fund or UCITS or similar or something else? Are you sure that the deemed disposal tax liability wasn't dealt with within the fund?

@Protocol many thanks. For clarity - the exit tax has been paid already. I had just been hoping to capture it on Myaccount (given it is defined as income). Keeping everything xd I don’t have to go the Form 11 route. Thanks again

My relation paid 20k in 41% LAET at the 8th year anniversary of a Zurich managed fund.

Zurich managed the deduction of the tax within the fund.

That income and tax was not declared directly to Revenue on Form 12 or ROS Form 11, as it was done at source by Zurich.



It would be different if you hold an EFT on a stockbroker platform, with no withholding of the tax at source.

@ClubMan - yes it was indeed deducted and paid by them to revenue but it was my understanding (as it was income) it needs to be included in my tax return (just as one includes savings interest one has already paid DIRT on which is handled by the banks but still needs to be captured or dividends one has had foreign tax deducted from etc).

@Protocol - I see from your answer it doesn’t appear usual/necessary to capture it on any form. Which would explain some things. Many thanks.

This is an excerpt from the letter Zurich send out after they have applied the LAET exit tax @ 41%

Islandfielder said:

yes it was indeed deducted and paid by them to revenue but it was my understanding (as it was income) it needs to be included in my tax return

Click to expand...

I'm not sure that that's correct. You haven't actually received anything as part of the deemed disposal tax event. And even if it was an exit/encashment event the proceeds/gain are not income.

Note the fourth column - individuals are not required to file a tax return.

@ClubMan many thanks. That is very clear and very useful.