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income tax calculation form 11

  • 25-10-2011 8:21pm
    #1
    neddytom
    Registered Users, Registered Users 2 Posts: 10 ✭


    Hi
    I'm filling out a form 11 as a favour and Just before i make final calculations was making sure... I calculate the tax from her sales excluding VAT as she is registered and has already paid this every 2 months? Also is the USC to be calculated on the absolute top-line before ANY deductions are made?
    Thanks
    Tagged:


Comments

  • #2
    Toblerone1978
    Registered Users, Registered Users 2 Posts: 684 ✭✭✭Toblerone1978


    neddytom wrote: »
    Hi
    I'm filling out a form 11 as a favour and Just before i make final calculations was making sure... I calculate the tax from her sales excluding VAT as she is registered and has already paid this every 2 months?

    My advice is that you are not really in a position to be doing a Form 11 on behalf of someone else if you have to ask that question.


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    I would tend to agree with Toblerone here. The questions you are asking are very basic and you are going to make a "liaroidí" of the return. Especially if it is not your own.

    For the record the sales are taken after the VAT and the USC did not come in until 1/1/2011 so it is not relevant for the 2010 tax return. The Income Levy may or may not apply but is taken after deducting expenses of trade.

    Kind Regards


    dbran


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