I am PAYE and am completing F12 for 2008 due to shares I got through my employer. The income tax section asks me to enter gross pay earned and also gross tax deducted.
I assume that this means PAYE tax only, so where does the amount of PRSI that I paid get counted, when they are deciding how much I should hand over??
Apologies if this is a dumb question but if it is not counted it makes it look as if my take home pay is greater than it actually is.
In a balancing statement issued by the revenue they take into account gross pay and paye deducted.
The prsi on a p60 is dealt with through the employer p35 filed each year. It will not go in tax return. It is assumed it is fully paid over already via p35.