Can EFT purchase be declared to revenue using My Account?

https://www.reddit.com/r/irishpersonalfinance/comments/1dfvosv/reply_from_revenue_about_declaring_etf_purchases/

Hi all. I've recently started buying ETFs (started with VUAA but moved to VWCE. Both are domiciled in Ireland) and saw some people here and online saying that these purchases needed to be declared to Revenue when they are bought. I was seeing some conflicting answers on this so I asked Revenue about it and got the following reply, I figure it will be helpful for others:

Purchase of domestic funds do not need to be declared when purchased.

Investors in Irish regulated funds are deemed to dispose of and reacquire their units in a fund on the passing of 8- year period of ownership. This can result in a tax liability arising where there is no corresponding disposal.

The profits you make from selling an exchange-traded fund (ETF) are taxable, just like the profits from selling a stock or withdrawing money from a mutual fund. If you receive dividends from an ETF, they are taxable as well.

If you purchase offshore funds at any stage, please note you are obliged to register for Income Tax/Self Assessment and File a Form 11 Income Tax Return. In respect of offshore funds you would be obliged to return the purchase on the Form 11 return but there is no requirement to return a gain until it has been realised."

So it seems that you don't need to declare it to Revenue on purchase. I'm not sure how they know if you have or haven't paid DD then but they seem fairly confident. If anyone still thinks this conflicts with actualities please let me know!

The Form 11 is more complex than the Form 12 / MyAccount.

Form 11 is for workers with non-PAYE income, it is done through ROS.

One of the main complaints about saving in Ireland is these complexities just to save into an ETF.