Professional Services Witholding Tax

sweetpea10 · 2015-10-10 10:06:02

Hi there, Newbie here! I received a refund of PSWT in 2014 and recently completed my tax return for 2014 with what i thought would be no liability (i made a small net loss). I received a Notice Of Amended Assessment for the refunded amount. I am wondering if i can offset the my loss against the refunded amount and, if so,…

10-10-2015 11:06AM

#1

sweetpea10

Registered Users, Registered Users 2 Posts: 8 ✭

Join Date: August 2014

Posts: 4

Hi there,

Newbie here!

I received a refund of PSWT in 2014 and recently completed my tax return for 2014 with what i thought would be no liability (i made a small net loss).

I received a Notice Of Amended Assessment for the refunded amount.

I am wondering if i can offset the my loss against the refunded amount and, if so, how can this be done?

Any advice very welcome.

Thanks.

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Comments

#2 11-10-2015 02:59AM

Alan Shore

Registered Users, Registered Users 2 Posts: 735 ✭✭✭

Join Date: May 2010

Posts: 734

Did you put the amount of the PSWT on the Form11?

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#3 11-10-2015 11:14AM

sweetpea10

Registered Users, Registered Users 2 Posts: 8 ✭

Join Date: August 2014

Posts: 4

No, I didn't.

However, the amount of PSWT appears automatically in Panel 8 (Other credits/reliefs) as "less refunded/offset", leaving me with a balance of €2,050 liability.

Thanks for your reply.

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