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tax still due on bank account instrest after DIRT paid!!

dimma02 · 2009-09-27 11:46:42

Got a balancing statement for 2008 after filing a form 12 and owed tax, Contacted revenue and was told the tax was due on ordinary deposit a/c instrest even though DIRT was payed. So to get right, you pay DIRT on instrest recieved and then the rest is due tax as well as is considered income at the revelant rates. is this…

27-09-2009 12:46pm

#1

dimma02

Registered Users Posts: 79 ✭✭

Join Date: December 2006

Posts: 58

Got a balancing statement for 2008 after filing a form 12 and owed tax, Contacted revenue and was told the tax was due on ordinary deposit a/c instrest even though DIRT was payed.
So to get right, you pay DIRT on instrest recieved and then the rest is due tax as well as is considered income at the revelant rates.
is this correct or are they pulling a fast one here, This is mad if true as then everybody is not paying correct TAx post DIRT on savings and what does that leave of insterst recieved.....crazy tax!!!!!!!!!
Someone help on this to clarify.

Cheers.:mad:

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Comments

#2 28-09-2009 11:39pm

Legend100

Registered Users, Registered Users 2 Posts: 736 ✭✭✭

Join Date: June 2008

Posts: 718

That sounds strange alright but would need to see the balancing statement to get a clearer picture. The only thing i could think of is in relation to PRSI

PM me if you wish and i can have a look at it

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