Small dividends and interest

whatnext

In the process of doing the tax return and have everything done except for Dividends and Interest received.

Is it acceptable to put in a notional figure (over estimated)
The total figure that I would have received would be less than €50, probably closer to €20 but it would take hours to calculate all the 20 cent and 10 cent interest payments across numerous accounts and the occasional cheque for €2 or €3 for various share dividends.

I was hoping it would be acceptable to stick in a figure of €100 for the lot and do away with the need for down loading pages and pages of on-line statements.

Now I know the thing should be right and accurate but is there any scope for common sense in this regard?

Bold Abdu

whatnext wrote: »

In the process of doing the tax return and have everything done except for Dividends and Interest received.

Is it acceptable to put in a notional figure (over estimated)
The total figure that I would have received would be less than €50, probably closer to €20 but it would take hours to calculate all the 20 cent and 10 cent interest payments across numerous accounts and the occasional cheque for €2 or €3 for various share dividends.

I was hoping it would be acceptable to stick in a figure of €100 for the lot and do away with the need for down loading pages and pages of on-line statements.

Now I know the thing should be right and accurate but is there any scope for common sense in this regard?

I'd stick in the estimates. If Revenue query it later, which is very unlikely, then you can get the calculator out.

I work in tax BTW.

whatnext

Bold Abdu wrote: »

I'd stick in the estimates. If Revenue query it later, which is very unlikely, then you can get the calculator out.

I work in tax BTW.

Thanks for your reply.
I have always found the revenue quite good to deal with and suspected that they would understand what I was doing if asked.
The reality is that some of the dividend cheques I get end up in the bin as they would cost more to in charges to lodge than they are actually worth.:(

Superbock

I would put in the precise amount. I've dealt with many such cases over the years and the Revenue like to see everything added up and referenced to where it came from. In their mind if something doesn't add up there is something wrong and they often look for something that is not there.

Download all the information into a spreadsheet and work out the correct figure. I also work in tax and not for the Revenue.