Tax assessment - Schedule D income

[fistophobia]

I got my tax assessment from Revenue.
They are taxing me 40% rate on schedule D income, "non-EU deposit interest self"
Does this sound correct?
I returned the income as, foreign dividends.

 

[relax carry on]

If it was interest you received; why did you report it as dividends? Dividends are taxed at your marginal rate. Why didn't you declare it as non EU deposit interest in your tax return?

 

[ClubMan]

Does this sound correct?
I returned the income as, foreign dividends.

It's correct based on your return.
But your return is incorrect as @relax carry on has pointed out.
You should be able to go back and correct it.

 

[fistophobia]

It was returned as Foreign dividend income.
Anyway, since when is non-EU deposit interest taxed at 40% ?
I have asked R. to review my tax return.

 

[relax carry on]

I think you are missing the point. Interest and dividends are taxed differently. There are separate sections of the tax return for the them. If you have received interest then you should have reported it as interest not dividends.

 

[jpd]

It is not up to Revenue to correct your tax return if you have filled it incorrectly

You need to correct it and resubmit it