REVENUE ALERT : Revenue eBrief No. 192/21: Income Tax Return Form 2020 – ROS Form 11
November 11, 2021
Tax and Duty Manual (TDM) Part 38-01-04E – Income Tax Return Form 2020 – ROS Form 11 – has been updated as follows –
• Confirmation that TWSS payments do not need to be included in the Extracts from Account (as this is not a deductible expense for Income tax or Corporation tax for the employer).
• Information has been added on debt warehousing of Schedule E (PAYE) liabilities for self-assessed taxpayers with employment income who own or control more than 15% of the ordinary share capital of a company.
• Information on the calculation of remote working relief.