Form 12 Tax Returns

Who needs to complete Form 12?

The Form 12 is a paper based annual Income Tax return in Ireland for people whose primary sources of income are their PAYE income. You can have net income of up to €50,000 (and gross income of no more than €3,175) from non-PAYE income sources and use this return.  If you earn more than this or are a 'chargeable person' (see below) you will need to complete a Form 11.

Most PAYE employees will not have to complete a Form 12.  It is only necessary to complete a Form 12 if:

• Revenue requests it - you could be chosen at random to complete a Form 12.
• If you have income other than PAYE income (under limits previously described)
• You have had a gain or loss subject to CGT assessment during the year.

Different income types assessable under Form 12 include:

• Rental Income
• Dividend Income
• Foreign incomes

Self-Employed or Director?

If you are a 'chargeable person' (subject to self-assessment - typically self-employed or a Director or own more than 15% of a company), you will have to complete the Form 11.  This is the case even if your income is largely or wholly from PAYE sources.

When to complete a Form 12?

Typically, you will need to complete your Form 12 by October 31st in the year following the tax year up for assessment.  ie. for 2008 taxes, submit by 31st October 2009.

Top Tax Tips

There is not a huge difference between a Form 12 and a Form 11 Tax Return.  If you need to complete a Form 12 year on year, then you could choose to complete as Form 11 - Advantages include more flexible on-line options are available for this.

Our Service

Red Oak Tax Refunds specialise in PAYE & Personal Taxes. 

If you need to complete a Form 12, for the best service, advice and efficiency in your tax rebate application, contact Red Oak Tax Refunds through our contact form or phone us on 01-442 8829

For more information

• Read the Red Oak Tax Refunds Blog