How To File a Form 11 (Self-Assessment/Income Tax Return) in Ireland

[@TheLearningsReport]

Before you dive into tackling the form 11, double check it's definitely the form you need to fill out! Hopefully this video breaks it down into something more manageable 👍 Best of luck!

[@mohamedaymen1030]

can you make a video regarding delivery riders and how he pay their tax, please

[@nialldooley8859]

Absolutely excellent. Why can't our state body explain their own system as clear as this!

[@alankeenan1454]

😂❤

[@seanankerr2864]

Weird isn't it, this appears to be the ONLY video on KZbin that actually explains it clearly (and it's aimed at investors not necessarily self-assessors who would require this the most), my guess is if the system was too user friendly people wouldn't feel they'd have to go to accountants to help them do this, much like how lawyers essentially write the laws (so for example if the conveyance system was simplified a lot of solicitors who's bread and butter is house sales and do little else would be out of a job), accountants write the tax system. See also David Graeber's bullshit jobs.

[@seanankerr2864]

As someone who isn't necessarily an investor, but who's accountant is refusing to answer their phone or email, I for one am grateful that THIS video exists.

[@eugensicrieru120]

As an experienced investor,I can surely say that this channel is underestimated....you guys give very useful information....if comparing to videos like"how to make 10000 a day" I wish I could found such a channel 5 years ago.Thanks

[@TheLearningsReport]

Hi Eugen, This is praise of the highest order - thank you very much for the great feedback. Our goal is to make investing accessible and understandable for everyone - hopefully many more beginners can find us! Hope the earnings season is going well for you! :) - Cian

[@marius.orehovschi]

We're really lucky to have such thorough step-by-step material available for free. Thanks lads!

[@merveozgur7666]

The only helpful video about that topic on KZbin. This was a life saver!

[@fionahyland9101]

Honestly couldn’t have done it without you guys! Saved me so much time and stress! Thank you!

[@TheLearningsReport]

No worries, Fiona - glad it helped!

[@mohamedaymen1030]

@@TheLearningsReport can you make a video regarding delivery riders and how he pay their tax, please

[@BoulderConnoisseur]

That was a brilliant run through guys, Revenues videos themselves barely explain what the individual entries refer to. Can't thank you guys enough helped me so much

[@Woolpedia-Kanal]

Thank you guys! Could you do a video especially for the trade section. Where do you enter what for salesmen in Ireland? Like if you have expenses for goods, materials, rent, shipping costs, wear and tear, etc. Regards, Julia

[@johnjames5354]

Many thanks for this excellent video. I found it very helpful. Well done on all your hard work in making the video and sharing your expertise so generously.

[@alanmccarthy9599]

These videos are fantastic. Thanks guys!

[@DublinDapper]

Thank you..lost without this vid

[@JP-xe7lg]

Brilliant information. So glad I found this channel.

[@spearsgears]

Hi there, I'm a ghost! Haha, ah fair play lads - very helpful video, much appreciated. Subbed for future vids 🤝

[@TheLearningsReport]

😂 Cheers Ciarán. Glad to hear you're still trading from the other side. Thanks for watching and for the sub. - Ste

[@debhaoill5489]

Thank you so much for this! You're both lifesavers

[@nicolerabie8222]

Brilliant! Thanks for the helpful guidance!

[@SonnyCasey]

hi I am a ghost doing my form 11 from beyond the grave. This is sooo helpful thank you I can rest in peace now

[@alicja6813]

🤣🤣🤣

[@eoin0321]

Do you have a video of filling in a Form 11 for sole traders , I only started my company last year ( October 23 )

[@boppospage]

I'm forced to do this myself this year normally uses an accountant. How did you get on were you able to do it yourself?

[@yeinmyrangel2217]

Hi. I don't have the option "Register for ROS" under my account.

[@Tinyboots_travels]

So confused, I have PAYE income and make less than 5k a year as self employed.. revenue advised I have to do form 11 as form 12 is not available to me but PAYE plus

[@MajPirate]

Do you guys know if at the very end, the "Income Tax Balancing Amount 2023" at 30:50 is populated automatically by the system? For me it shows 0, indicating that I have 0 tax to pay from my side hustle and it is weird.

[@walshtom08]

Is it possible to add an attachment to help With the expression of doubt section?

[@NataliaRosca-k7x]

Hi.Thanks a lot for the video. For an RCT subcontractor, under what heading do we have to input the RCT deducted from the payments? Is the adjusted Income exclusive or inclusive of those withholding tax?

[@paulcmuldoon9992]

Thanks for the video guys…very helpful

[@niamhbutler8930]

THANK YOU THIS IS SO HELPFUL!

[@davidsheehan2456]

The “Register for ROS” option seems to be gone from the bottom section now?

[@TheLearningsReport]

Hey Dave - for whatever reason, some users need to message revenue for that button to be activated. I did at first also! They’re pretty quick to action it usually, just pop them a note via myenquiries 👍🏻 - Ste

[@davidsheehan2456]

@@TheLearningsReport cheers lads.

[@andym5338]

So what do I do if my account Just doesent bother putting my account in. Always very very late. Until I always on the brink off a nervous break down!!😢😢😢

[@gos-nl8br]

GREAT VIDEO, very informative and helpful

[@ckcvlogs999]

Can't see an option to register for ROS, Has things changed now ?

[@mrbic0671]

Hi lads. So which form does RCT fall under lads form 11???

[@NoReply-pw6ol]

Yes

[@dindorohoi1]

Hello! I have a question. Where do you introduce your RCT (Relevant Contract Tax) income in Form 11? Thanks

[@sharonbiggs6004]

Hi could you tell me where I would add the pandemic unemployment payment ...?? Worked for 3 months and then 9 months pup?? Thanks

[@TheLearningsReport]

Hey Sharon - sorry for the late reply on this. Are you sure it's the form 11 you should be filling out? If you were a PAYE earner for those 3 months you did work, you likely need to fill out a Form 12 instead of a form 11. Form 11 is usually for those who are self-employed, or who have > €5,000 in additional NON-paye income (e.g. side hustle income). On the Form 12, you can find the section to add PUP under 8) Payments from Department of Social Protection (page 6 on the paper form) On the Form 11, you can it under 'Social Welfare Payments, Benefits or Pensions received' (Line 243 on the paper form) A handy way to skip through the form is to hit 'Ctrl F' or 'Cmd F' on your keyboard and search 'PUP' in the finder bar! - Ste

[@MrKudzoshi]

Great video! Thanks Lads!

[@RareCD]

Hello there when I go onto my ROS account and my services -> file a return -> complete a form online, I dont get the option for income tax or form 11

[@RareCD]

Any idea why, this is so frustrating 😮‍💨😮‍💨

[@TheLearningsReport]

Hey RareCD, You're presumably registered as a chargeable individual if you have a Ros account? Not fully sure why that would be happening but we would recommend raising an enquiry on MyEnquiries to get Revenue to activate this option. We have seen this happen for other forms on Revenue. Let us know how you get on in case other users have the same issue! - Cian

[@RareCD]

@@TheLearningsReport ooooof why does paying taxes have to be made so frustrating

[@TheLearningsReport]

@@RareCD 3 things guaranteed in life; death, taxes and frustration with Revenue's systems and processes. 😵‍💫

[@pilarsegovia7371]

Thank you very much! Your video is much detailed than Revenue's videos lol

[@TheGiovannisilv]

I'm trying to file the form 11 but the website has changed, there is no register for Ros button here. 😅 How do i do?

[@MichaelMartin-lv6fs]

Who would be obliged to pay preliminary tax for the following year, and how would that be calculated? Thanks.

[@valerielennon5744]

I am trying to claim the remote working credit. I have entered the relevant details and days which I worked remotely and clicked calculate which it did. My question is how do I avail of this and the final figure is the same as before I entered these details. I cannot find anything which clarifies this! Thanks

[@sophiehutchinson7672]

Hi there, can you explain why you select CGT and not income tax at the beginning in the drop-down menu? I ask because I've just applied for the tax cert for the log in under income tax rather than CGT and now I don't understand how to fix that...help....

[@loopylou]

I realise I have health expenses receipts for 2020/2021 but can't seem to correctly amend the already filed f11 Please help!

[@RobCorb]

Quick question, In purchases in the trading account items section is that all purchases including unsold stock or os it just purchase cost based on the stock sold?

[@Xanomalyful]

Thank you for the video. I don't understand what they mean by Adjusted Net Profit in section 2? Is Profit = total amount of income generated by the sale of goods or services - Expenses ? Also can someone explain please what is exactly Extracts from accounts? Do they mean a bank account?

[@johnpaulhank]

I am not seeing the 'Register for ROS' link within myAccount. Would you know if the process for registering for ROS from myAccount has changed?

[@liams8251]

well done lads.helped me so much also good content threw out your channel

[@TheLearningsReport]

Cheers Liam, really appreciate it.

[@spidey0333]

Hi, When filing a tax return for a limited company director, which tax type should we choose?

[@HooHox]

What needs to be filled in in Irish untaxed income section, please?

[@laneykin]

I am looking to add voluntary PRSI contributions to my self employed income but I don't see anywhere on the Form 11 that I can do this?

[@TheLearningsReport]

Hey Elaine - If you look under charges/deductions > pension contributions, I think you should be able to add it there? I'm on the move at the moment so can't check for definite but let me know if you still can't find it! - Ste

[@laneykin]

@@TheLearningsReport Hey I had a look there under that section and it doesn't seem to be in there. That section seems to be for PRSAs and pension relief but doesn't have anything about voluntary PRSI contributions. At the end of the form with the IT self assessment if I enter the minimum amount of 500 in the PRSI box and state for PRSI voluntary contributions do you think that would work? I'm told it's very important to ensure PRSI contributions are made for the state pension to be gotten. Thanks

[@TheLearningsReport]

@@laneykin Hi Elaine - We'll need to double check ourselves as I don't want to give you incorrect info without being 100% confident about it. In this scenario, I'd suggest sending revenue your message via My Enquiries and the'll be able to put you on the right track. If you're conscious of the deadline, my suggestion would be put it in wherever you think is most appropriate and in the expression of doubt section, you can flag that you're not sure if you've added it correctly. Between that, and also sending revenue a message, I'm sure you'll be able to get it figured out!

[@TheLearningsReport]

Hey Elaine, Just to follow up, I got a message from Revenue in relation to the above. They recommended to "contact the Dept. of Social Protection, PRSI section regarding voluntary contributions for PRSI". To me that seems to imply there is no section on the Form 11 but maybe check in with the Department of Social Protection and check what they recommend to do. - Cian

[@Chris-sf1ur]

Hi guys, great video. I hope you're still answering questions 3 years after posting this video. My question is, I have sold investments in ETFs and also Investment Funds, I believe they are both treated the same. Some of those investments were Irish domicile, and some US, some GB and Some EU. Basically, I'm uncertain where to put this information on the Form11. This is not dividends payments, but a sale (and profit) of those funds/ETFs. I've been searching the web for 2 weeks with no accurate answers. Thanks

[@marinpopow]

Great video. Many tanks. Unfortunately I have problems since the very beginning... I have been self-employed for 2 months in the beginning of this year(2022) and I want to do this form 11. The problem is that I can not see such year in the menu for the new online form (ros my services) - the last option is 2021. can you help, please?

[@TheLearningsReport]

Hey mate, no worries! The Form 11 is filed the FOLLOWING year - so the 2022 form should be available next year, in 2023. You pay any tax due this year (2022) and then you'll file your return for this year, next year.

[@mohamedaymen1030]

@@TheLearningsReport can you make a video regarding delivery riders and how they pay their tax, please

[@cathbeth2000]

Hi there just wondering what happens if you make a loss. Does the box for calculated net profit / loss calculated to zero? i.e. the same for assessable profit ?

[@creedonc1285]

What about deemed disposal and ETFs. Where do they go?

[@TheLearningsReport]

Hey Creedonc, Great question, had to check with Revenue there and got the below response. "Dear Cian, Please see the following Tax Duty Manual 27-02-01 to guide you with the declaration of your ETF : www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-27/27-02-01.pdf You enter any gains as well as deemed disposals of ETFs at the rate of 40% under the heading 'Offshore Funds' in the Foreign Income panel. Payment from or a disposal of an interest has to be included in the Form 11 for tax purposes." I was under the impression that the tax rate was 41% but this is where Revenue want us to put it so it must be 40%. 🤷 Hope this helps and any questions, let us know. - Cian

[@rayconboy3538]

Excellent tutorial. Highly Recommended.

[@TheLearningsReport]

Thanks, Ray! Glad you liked it. 👍 - Cian

[@OBF497]

great video, could have really used a bit more detail on the self employed section , took me age to figure out what i was ment to do . thanks for the video tho :)

[@roger-zg3uf]

Can you please tell me what is the official exchange rate to use for UK sterling pension income received in 2022 as an Irish tax resident? Or where to find it.

[@successexcellence4022]

Perfectly explained. Guys could you make a video about tax amendment please? Thanks

[@entity97]

Why is it CGT on the Ros register

[@livecybertalk7619]

In Section 2 - Self-Employed Income for the profit and loss...is loss the expenses I had?

[@catherinemariaharris]

unbelievably helpful! I would choose 'income tax' rather then CGT if Im a freelancer self employed right?

[@galodominguez1373]

Loving the channel, many thanks for the detailed explanation. I'm self-employed since July 2023, when do I suppose to file Form 11?

[@santubudhe2]

Hi would appreciate if you can help me. I do not see register for Ros link in manage my record section. Why is that? And how do I get my Ros account?

[@santubudhe2]

I have to register for income tax and after three days I can register for Ros. Thank you

[@TheLearningsReport]

Hi Santosh, Thanks for watching and for the question. Just to quickly clarify, you are a chargeable person (I.e. non-PAYE income >€5K)? Just want to check as not everyone needs to register for the Form 11 and there is often confusion. So, if the option to register for Ros is not available on your MyAccount, you should send an Enquiry to Revenue asking for them to enable that option. Some of our other viewers came across this problem. - Cian

[@CelideYoneda]

I really appreciate your efforts! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?

[@MarkCatterson]

Hi lads, great informative video. Could you please make a video on Non- Resident Landlord Withholding that came in 2023 (NLWT) Thank you. Mark

[@mommy1232]

I'm stuck on section 4 PAYE because I'm on back to work and am self employed as in roofing can you please help me

[@TheLearningsReport]

Hey - not 100% sure on this one and don't want to give you incorrect information. Have you been able to get in touch with revenue to see what they say about the situation? Not sure how it works when you're both receiving a state benefit but also receiving income. Sorry we can't be of more help, but please let us know what answer revenue give you so we know what to tell the next person :) - Ste

[@hisheeelijah1482]

Would it be wise to setup another current account to keep tabs with how much needs to declared. Thanks in advance

[@TheLearningsReport]

Hi Hishee, What do you mean by "another account"? Definitely worth keeping tabs on how much needs to be declared in your broker or on an Excel sheet. - Cian

[@hisheeelijah1482]

@@TheLearningsReport sorry i meant would another current account be needed for any side hustles so then its easier to distinguish between employment income and side hustle income. Cheers

[@TheLearningsReport]

@@hisheeelijah1482 Yes this would definitely be recommended! I personally use Revolut's Business app for any side hustle income, as it's far easier to track from a tax standpoint and will make your life a whole lot easier come tax season!

[@peterelst]

This is really excellent information - I've got one doubt about the form 11 / CG1 requirements. If there's under 5000 Euro non-PAYE income no form 11 is needed and when selling stock only capital gains to be reported with a CG1. Does that mean if there's no form 11 there's no further income tax to be paid on top of capital gains? e.g. buy a stock for 1000 Euro, sell it for 6000 Euro - is that 33% on the 5000 Euro gain (ignoring the 1270 personal exemption) as well as income tax on the amount that lands in your bank account? Does over 5000 Euro stock proceeds count as non-PAYE and still require a form 11?

[@TheLearningsReport]

Hi Peter, thanks for the comment. If you're selling an asset (such as a stock) you are only liable to pay CGT on the profit from that sale. Income tax would not apply. There are some exceptions (for example, in certain share options schemes offered by employers, or if you have ALSO received dividends from holding a certain stock) but for the majority of cases, you can follow this logic. So in summary, if you are only declaring the profit from the sale of a stock, it doesn't matter if this is €100 profit, or €100,000 profit, you would still only need to file a CG1 form. The €5,000 reference in terms of the Form 11 benchmark, is only for non-paye INCOME, which although confusing, is different from a tax standpoint when comparing income to a capital gain. - Ste

[@peterelst]

@@TheLearningsReport excellent, thanks for walking me through this!

[@mohamedaymen1030]

@@TheLearningsReport can you make a video regarding delivery riders and how they pay their tax, please

[@RareCD]

Im a personal trainer for a gym so I work paid hours from the company through PAYE service but I also work self employed. In section 2 when I calculate my income tax do I pay that and if so what about preliminary tax at the end. It can't be right to pay in advance what I'll be making next year whilst also paying income tax of this year from section 2. Im a bit confused on that part a response to clear things up would be much appreciated.

[@MC-pg2ko]

I received a tax-free lump sum pension from my late partner's estate. I included it in the IT38S I filed, and a 33% tax was levied on the amount. Could you let me know if I still need to declare this in my annual tax return? The amount is below 200,000.

[@dalibormares4917]

Thanks for the video, I am not sure how to declare that I bought units in Eu offshore investment fund last year. Fund is not producing any dividends just it's value is growing, only few hundred EUR till now. Is it enough to only declare that I hold this fund through Part 27 Ch 4 of form 11? That's what my bank is suggesting. Also any idea why in myaccount when I log in there isn't an option "Register for ROS"? Thanks a lot.

[@TheLearningsReport]

Hey Dalibor, Thanks for watching the video. So, if it is not producing dividends and you have not sold it, you will not owe any tax (except in a deemed disposal situation). Is it an ETF that you have? With ETFs, there is a deemed disposal rule which means you have to pay tax on the gain you have made every 8 years even if you have not yet sold it. We explain this in our ETF video which I'll link below if you are interested. You can declare the purchase of in the Chargeable Assets section (Offshore Funds is where Revenue instructed us for ETFs and I imagine). For Registering with Ros, a few of our viewers have had this issue - you can raise an enquiry on MyEnquiries and ask Revenue to activate it. Just make sure that you are a Chargeable Individual and do in fact need to file the Form 11. - ETFs in Ireland: kzbin.info/www/bejne/f5_JfYeDidGfnZY Any questions, let us know. - Cian

[@mrsruffles2918]

Does one need to use Form 11 when declaring rental income from an overseas rental property?

[@1usmc1]

The Learnings Report - thank you for informative video. I'm not sure how far I would go in completing this form without the information contained in it. One question I would have - I was told by Revenue to complete the Form 11 as I recently paid RTSO tax for shares I bought through my employer (old GESOP - I cannot remember new name for this program, you are basically buying shares of your company with 15% discount). I'm completing the form for 2020 and in that year I didn't sell any shares. I also didn't have any other income except my main one taxed in PAYE way. However, after entering all known to me details the form shows I own money to Revenue. Not massive amount - approx 200. I just wonder - could PAYE tax be so undercounted or it is more likely that I missed some available tax relief in my Form 11? I noted that when I will add on the Form 11 the Health Insurance paid in total by my employer then the Payable Amount is not even 1 euro but not sure is that Health / Medical Insurance a tax relief.

[@TheLearningsReport]

Hey, no worries! So because your questions is so specific to your particular situation, its quite hard for me to give you any useful advice without knowing more personal details (which of course I won't be asking you for!). So unfortunately your best bet is to direct the above question to Revenue via MyEnquiries. There could be any number of reasons for the €200 tax liability, but unfortunately revenue will be the ones who can let you know what that might be for. Sorry we can't be of more tangible help! - Ste

[@InSteef]

This sounds similar to my case. I registered as self-employed to pay the taxes for selling shares (come from ESPP and RSU) in 2021, however I wasn't aware I had to submit the Form 11 for the 2020 despite the fact there was no gains except the PAYE. On my first attempt to fill in the form I also found I owe some money to Revenue - I'm pretty sure there was a penalty row in "IT Self Assessment" section, but then I made some changes to the form, and it disappeared. As a result I got small refund. From what I remember this might help me: - I adjusted the income according to the “Employment Detail Summary” from revenue.ie. You should have it in My Documents, or be able to request such a doc. - I adjusted personal tax credits according to the records on revenue.ie - I also filled in the “Medical Insurance Relief” section on a “Personal Tax Credits” step. I have a medical insurance as a benefit paid by the employer. So, maybe try to read carefully the “IT Self Assessment” step and figure out where ROS thinks you didn’t pay enough, or some additional charges applied for you.

[@TheLearningsReport]

Thanks for sharing!

[@mohamedaymen1030]

@@TheLearningsReport can you make a video regarding delivery riders and how they pay their tax, please

[@Hurls]

I'm assuming any increases in currency value needs to be factored into the calculation of CGT? e.g., if selling US stocks at a loss but the currency has increased against euro this needs to be accounted therefore not as much of a loss! Cheers

[@franciso2l]

Regarding Irish-based peer-to-peer lending (Linked Finance), Interest gained on This would go into Section 6 - Irish Other Income? My second question is where within that section and would it be yearly even if loans are still repaying? Thank you, kind regards.

[@nightshift4587]

Hello great video, the one thing I would say about the f11 form that possibly most would ask about is the 'Adjustments made to profit/loss accounts' What percentage of expenses should be used when filling in the expenses fields provided?.

[@TheLearningsReport]

Hi Nightshift, Thanks for watching. If the expense is wholly and directly related to the running of the business, you can use 100%. If it is for both business and personal use, it is up to you to assess how much is business related and divide it accordingly. More details here: www.revenue.ie/en/starting-a-business/claiming-a-deduction-for-expenses/index.aspx - Cian

[@nightshift4587]

@@TheLearningsReport thanks very much for this Cian. Just to elaborate a little , anything I spend that is used exclusively for the business, car insurance, fuel expenses phone ect. I can claim 100% of that expense.?

[@TheLearningsReport]

@@nightshift4587 it has to be an allowable expense, for example you can't expense client entertainment. But yes, fuel, car insurance and phone would be allowable and if wholly and exclusively used for the business, then you can use 100%. If you're in doubt about whether something is allowable or not, send Revenue a message to clarify. 👍 Also, sharing a guide here which explains allowable expenses in more detail: www.taxback.com/blog/self-employed-expenses-ireland - Cian

[@nightshift4587]

@@TheLearningsReport thanks Cian, I've tried to get an answer to this from revenue for the past three months. I'm happy to go along with anything they suggest is the correct percentage, but to date I've had an answer to a question I hadn't asked. Thanks again what you are doing here is very valuable 👍

[@UCanCMee]

Thanks very helpful video. I want to request to please make a video for Taxi Drivers and include PSRI and UCS like pension. and how we can put all that Thanks

[@kk-wi3xb]

Quick question: I am a non- resident landlord, with a buy to let house in Dublin. I only receive rent from this 1 property and that's the only Ireland-generated income. When I file my form 11, do i need to report any overseas income/ stock/ dividends/ rents/ assets etc?

[@TheLearningsReport]

Hey - Sorry for the late reply on this one! So my thoughts would be no - if its just the property income you're declaring as 'Irish source' then I don't think you would need to for the others you mention. That being said, always good to double check so might be worth dropping the question to revenue via My Enquiries just to get something in writing from them to put your mind at ease. Thanks for the question, Ste

[@darrenkelly5425]

This is an incredibly helpful video. Thanks. I registered for Income Tax even though I earn less than 5K. Now I have to file a form 11 and it is trying to tax me on the earnings even though it is under 5K? Any ideas on what to do?

[@notarehersal]

Guys, great video. The threshold for PRSI.. if you are self employed earning less than €352 in that year, are you exempt from PRSI contribution?

[@TheLearningsReport]

Hey Mícheál, You don't have to pay PRSI as a self employed individual if you earn less than €5,000. More info here: www.gov.ie/en/publication/80e5ab-prsi-pay-related-social-insurance/#prsi-for-self-employed - Cian

[@sandranaughton6206]

Hi thanks this video is so helpful. I'm new to this and first return. I have airbnb which was renovated extensively causing a big loss in 2020. Do I claim all the renovation work including purchases of new furniture, fixtures & fittings, electrical appliances, labour etc as 'Other Capital Allowances" under capital allowances section? Also how do I show these expenses under expenses and deductions section? Probably very silly questions so sorry in advance.

[@TheLearningsReport]

Hey Sandra, Glad you found the video helpful. So, firstly you will just need to clarify whether you are getting the income as trading income or miscellaneous income. I'm going to assume that it is trading income given that you put a lot of work into it. With trading income you can potentially offset the full amount of repairs or else a capital allowance of 12.5% annually on new fixtures and fittings. You can check out further resources on this below. Again, for the first year and assuming it's capital allowances, I think you can put them in Other Capital Allowances. For expenses and deductions, they can go in the extracts of accounts section. There is a section in the extracts of accounts for "Depreciation, Goodwill Capital Write Off" but this is for intangible assets. You can bring this loss into the second year and also claim another 12.5% that year on capital allowances. Sharing some other resources here for you: - rentalincome.ie/tax-tips/#:~:text=of%20Capital%20Allowances.-,How%20much%20can%20be%20claimed%3F,for%20the%20next%208%20years. - www.revenue.ie/en/property/rental-income/irish-rental-income/what-expenses-are-allowed.aspx - home.kpmg/ie/en/home/insights/2019/11/capital-allowances-explained.html And in case you haven't seen: kzbin.info/www/bejne/h4PFZZR4gZmheLc :) Hope this helps, let us know if you have any other questions. - Cian

[@MM-px9xv]

Hi - Could you do a piece in this video on remote working expenses please? I see it on Form 11 in PAYE/BIK/Pensions 2. I am filling out Form 11 for the 1st time - have most of it done but it seems for Form 11 you put in the 10% fuel and 30% broadband (for 2020) whereas in PAYE people only returning in Myaccount, you put in the full costs (and presumably Revenue do the 10% and 30% calculations?)? I am aware that for Form 11 it is the number of working days at home minus bank holidays and minus annual leave days all over the number of days in the year (366 in 2020). So in a nutshell (!) my question is in Form 11 is it the total of the 10% and 30% of the relevant amounts that I put in and not the full relevant amounts as in Myaccount? Thanks!

[@TheLearningsReport]

Hey M - a good question and thanks for highlighting. I believe it's the total amount (and then revenue do the calculations) but I'm not 100% on this (still yet to submit my own) so might be worth dropping revenue a quick note in my enquiries to be sure. If in the meantime I get an answer myself, I'll post it here! Let us know how you get on. Cheers - Ste

[@rmhwong]

If you decide to file and pay later what are the payment options? Can you pay in instalments?

[@johncarrigan9352]

For clarity, if i am a normal paye payer and i got 10K on a nixer where no tax was paid. Is the 10K entered under the Self Employed panel...or other Irish incomes?

[@niamhorr4334]

This is brilliant! Would this tutorials information be transferable to the Form 11S?

[@antoinettemiller8988]

If you live in Ireland but you receive a salary from a UK company (remote work) would you then put this income in the foreign employment section?

[@TOBrien2]

This is excellent - thank you so much! 👏🏻

[@TheLearningsReport]

Thank YOU for watching :)

[@TOBrien2]

@@TheLearningsReport Quick query (hopefully!). The 'Register for ROS' option doesn't appear for me in the 'Manage my record' section of the MyAccount homepage. I've asked Revenue why but have been waiting a while for a response. If I use the first principles way to Register for ROS on their website, do you know will the info that would have been pre-populated via the 'Manage my record' way also be pre-populated if registering for ROS this way? Just a little bit wary before trying the other way. Thanks a million.

[@samihammad377]

Hello, if I get paid salary from abroad and residence in Ireland, do I need to do form 11 or I can do it from my revenue from fogen income

[@gabrielledeane1710]

Hi, in the withholding tax for professional services credits, do you just put in the amount of tax that you've paid already?

[@TheLearningsReport]

Heya Gabrielle - Sorry for the delay in responding to ya. I'm not 100% on this one, unfortunately, but yes that would be my guess too. I'd say your best bet is to drop revenue a quick note via MyEnquiries to double check 👍

[@360ibra2]

Just on the topic who should file for a form 11 is it the same case for sole traders

[@prudencemoneypenny-themone851]

Great video, can you do something similar with a physical form 11 and how to compares to the online form?

[@TheLearningsReport]

Hey! Thanks for the suggestion. We're pretty taxed out for this year, so we may leave the paper one until next year 😉Do you have any specific questions we can help with though? Cheers for watching. - Ste

[@chihabahmed5207]

Hi there, I worked from May 2024 to Oct 2024 and I want to submit the form 11 because my income is above 5k Do I have to submit all my accounts or only the invoices as they have access to it anyway ? Or what’s the the story Thanks

[@jessicairena6247]

Hello, I am sole trader am I am trying to register to ROS but it says that my PPS: Either the tax type you have entered is not valid for this registration number or you have entered the registration number incorrectly. I though I should have been filled the form 11 before creating a ROS account. I it so confusing, if you could help me with that info. Thank you,

[@salehnawaz7233]

U guys are doing g8 job.. thx for sharing the valuable info...

[@TheLearningsReport]

Thanks for watching, Saleh! Glad it helps! - Cian

[@f.l.rcanal5540]

Hello you can help my with closing tax yer for 2022

[@thamirissantanna5391]

What s the provision of bad debts? Please help

[@paulcmuldoon9992]

You can include specific bad debts as an expense in company / sole trader returns. This is subjective but if requested you will need to show revenue which debtors won’t be recovered, the reason, timeline and attempts you made to recover amounts owed

[@devdabas9199]

For filling form 11, should I select CGT or "Income Tax" when registering for ROS?

[@dj28200]

I don't know how much I earned in 2021 and I can't see it in the revenue so can I just add any number or zero ?

[@TheLearningsReport]

Hey Khalid, Unfortunately, it's your responsibility to show Revenue how much non-PAYE income or gains and losses that you made. What revenue are you referring to? Also, are you a chargeable individual (I.e. need to fill out a Form 11)? PAYE Income should be included in a PRE- POPULATED Form 11. Non-PAYE income and CGT is up to you to calculate through your bank/ broker statements or tax software if you use it. - Cian

[@garyfahy7230]

Hello im just wondering if you fill out a form 11 do you have to fill in the receipts tracker too? Or does form 11 cover all that

[@gaamingart]

If my Capital gain is under €1270 do I still need to file the form? Even tho the tax exemption covers my gain?

[@TheLearningsReport]

Correct, you still need to file - but your return will be very simple to do. Also, make sure to double check if you need to do a Form 11, or if CG1 form or Form 12 is more appropriate! We have videos on both 👍 - Ste

[@gaamingart]

@@TheLearningsReport ah yes CG1 is what I need to fill, thank you so much guys

Many thanks for the video!!! Very helpful. I just have a question: I started as self-employed in July of this year(2022). Should I file a Form11 this year or I'm not paying anything until next year?

[@Zokkii]

I’m wondering the same thing. Did you find out?

Yes, don't worry about the first year. No taxes to pay. You have to start paying after your first year. For instance, if you started in July 2022, you have to pay your first taxes in October 2023@@Zokkii

[@tobiasluken1874]

If I want to just pay Preliminary tax for my LTD. Do I have to file a new CT1 form, or can I just pay preliminary tax without filing the form. Since preliminary tax is 100% of last years tax, it’s easy to pay without a form, as it’s the same amount as last year. Thanks for your help gents class content!

[@brianloftus380]

Hi Lads - great video -- how do I claim for remote working or e-working in a form 11 ?

[@TheLearningsReport]

Hey Brian, Thanks for watching. So, for whatever reason it is in PAYE/BIK/Pensions 2 in Allowable Deduction Incurred In Employment. There is a guide here which might help: www.askaboutmoney.com/threads/remote-working-entry-on-form-11.221683/ Let us know how you get on! - Cian