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Interest received. Double taxed??

adam88 · 2017-11-16 20:41:31

Hi all. I’ve a few pound in the credit union and I got a dividend and had dirt removed from it. I gave in all my paper work to my accountant and I got my assessment back from the revenue. It looks as if the remainder of the interest less the dirt is after being taxed again by revenue. Is this correct. For your regular paye…

16-11-2017 08:41PM

#1

adam88

Registered Users, Registered Users 2 Posts: 1,595 ✭✭✭

Join Date: May 2011

Posts: 1475

Hi all. I’ve a few pound in the credit union and I got a dividend and had dirt removed from it. I gave in all my paper work to my accountant and I got my assessment back from the revenue.
It looks as if the remainder of the interest less the dirt is after being taxed again by revenue. Is this correct.

For your regular paye person who only gets p60s and gets a balancing statement from revenue, surely they don’t have to tell revenue how much they got after dirt was removed.

I’m sorry this is all using the wrong lingo

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Comments

#2 16-11-2017 10:51PM

Lockedout2

Registered Users, Registered Users 2 Posts: 401 ✭✭

Join Date: March 2016

Posts: 400

The full amount of the interest is included and then you get a credit for the DIRT so it's not taxed twice.

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