What is deemed disposal on ETFs?
ETFs held in Ireland are subject to an 8-year deemed disposal rule, meaning tax can become due even if you haven't actually sold the fund. It's [...]
Do I need to file a Form 11 if I only made a small crypto gain?
If you've disposed of crypto at a gain, it generally needs to be declared as part of your tax return, regardless of the amount. We can [...]
Can I decide if I am a self-employed consultant to avoid the PAYE tax system?
No, you cannot simply decide to be self-employed to avoid PAYE tax. Revenue determines your employment status based on the facts of your working relationship. Revenue's [...]
Which tax form do I complete – a Self Assessment Income Tax Form 11 or an Income Tax Form 12?
The tax form you need depends on your income: Form 11 (Self Assessment Income Tax Return): Complete Form 11 if: You have non-PAYE income (e.g., consultancy [...]
I am a PAYE worker with some consultancy income. Do I need to register for Self Assessment Income Tax?
As a PAYE worker with consultancy income, you must register for Self Assessment if your non-PAYE income exceeds certain thresholds: Register for Self Assessment if: Your [...]
How does FastTax.ie help Raisin savers?
FastTax.ie makes declaring your foreign interest simple. Our systems will then: Calculate the correct tax Generate a completed tax return form for online filing Tell you [...]
Is using Raisin legal and safe for Irish savers?
Yes. Using Raisin and overseas savings accounts is completely legal and is a smart way to make your savings work harder for you. You simply need [...]
What if foreign tax was already deducted?
Some countries deduct withholding tax before paying interest. If this happens: You still declare the full interest earned Any foreign tax paid can usually be credited [...]
Do I still need to declare interest if it’s only a small amount?
Yes. There is no minimum amount below which foreign interest can be ignored. All foreign deposit interest must be declared as part of your Form 11 [...]
What happens if I don’t declare my foreign savings interest?
If foreign interest is not declared: Revenue will apply a higher tax rate to the interest earned Interest and penalties may also apply Declaring your interest [...]
