Self assessment if employed and taxed in ireland in euros but live in the uk.

ricflairandrew

Can anyone help, im tearing my hair out here. Cant find any decent accountant that can help with this. I am using SJD as i used them before i went permanent but they are usless. Im emplyed in dublin but need to submit my self assessment. I have no idea where to start, if im going to have a huge tax bill or waht. Thanks

yorkiechick

As a UK resident your income is taxable here, which I'm sure you know. The tax paid to Ireland can be used as a credit against your UK liability, and this is what is declared on your tax return. If your UK liability is higher than the tax paid to Ireland, there will be the balance to pay. On the flip side, if your UK liability is equal or less than the tax paid to Ireland you wouldn't have anything further to pay. 
If you receive a refund of the tax paid to Ireland, your tax return will need amending to show this and the refund will more than likely need paying to the UK.
Your earnings should be converted to Pound Sterling using the official exchange rates found on the HMRC website.
Any accountant or tax advisor would be capable of submitting the tax return for you, if your current accountant isn't suitable, have a look around or ask friends/family for recommendations. 

[Deleted User]

Agree with above. I would strongly suggest that you engage a good tax advisor, particularly as the tax year in Ireland corresponds to the calendar year. This is not a simple tax return.

TripleH

I second purdyoaten2 on this.

Jeremy535897

You should look at the UK Ireland double tax agreement before just assuming you pay the higher of the two taxes.

ricflairandrew

Thanks. Can anyone recommend any decent tax advisors to submit this. I was using sjd and they have just got back to me today saying they can’t do this . It’s driving me insane and I’m running into fine territory now 

Jeremy535897

My experience, admittedly from 20 years ago, was that if a tax adviser could properly deal with double tax agreements and the tax systems of two different countries, they were almost certainly in a large accountancy firm, and very expensive.

jimmo

Recommendations are not allowed on this part of the forum, with good reason.

If they were I would recommend purdyoaten2 or ceeforcat because they both live in N Ireland.

However I don't know their real names.

An educated guess, but if you live in N Ireland an awful lot of accountants and tax advisors (large and small) will be fully up to speed and provide a far better service than an on line "accountant". If you live elsewhere on the mainland an accountant in Dublin is your best bet.

[Deleted User]

jimmo said:

Recommendations are not allowed on this part of the forum, with good reason.

If they were I would recommend purdyoaten2 or ceeforcat because they both live in N Ireland.

However I don't know their real names.

An educated guess, but if you live in N Ireland an awful lot of accountants and tax advisors (large and small) will be fully up to speed and provide a far better service than an on line "accountant". If you live elsewhere on the mainland an accountant in Dublin is your best bet.

Thanks for the recommendation jimmo. It probably comes as no surprise to you to know that I was responsible for both usernames! Unfortunately I believe that I have finally retired after a few attempts (still trying to remove myself from the tax affairs of a few doctors and their surgeries) and now spend a large part of my time in Spain and, present circumstances dictating, hope to spend more. I don’t prepare any self-assessment returns any more other than my own. I have found that the longer one is out of the loop, the less one knows. This finally dawned on me when I revisited capital allowances recently - a lot has changed! I would suggest approaching an accountant in the border areas, Newry or Derry, for example. 

P.S. It’s a long time ago now but I know that we worked on the same side and then the opposite side of the fence, as it were. Was it darts or snooker?😀

ricflairandrew

purdyoaten2 said:

jimmo said:

Recommendations are not allowed on this part of the forum, with good reason.

If they were I would recommend purdyoaten2 or ceeforcat because they both live in N Ireland.

However I don't know their real names.

An educated guess, but if you live in N Ireland an awful lot of accountants and tax advisors (large and small) will be fully up to speed and provide a far better service than an on line "accountant". If you live elsewhere on the mainland an accountant in Dublin is your best bet.

Thanks for the recommendation jimmo. It probably comes as no surprise to you to know that I was responsible for both usernames! Unfortunately I believe that I have finally retired after a few attempts (still trying to remove myself from the tax affairs of a few doctors and their surgeries) and now spend a large part of my time in Spain and, present circumstances dictating, hope to spend more. I don’t prepare any self-assessment returns any more other than my own. I have found that the longer one is out of the loop, the less one knows. This finally dawned on me when I revisited capital allowances recently - a lot has changed! I would suggest approaching an accountant in the border areas, Newry or Derry, for example. 

P.S. It’s a long time ago now but I know that we worked on the same side and then the opposite side of the fence, as it were. Was it darts or snooker?😀

Any recommendations then . I’m stuck at the moment as with these letting me down, I’m into fine territory. I work and get paid in Dublin, pay tax in Dublin, but live in wales. Is it really this difficult? It’s really starting to stress me out to the point I’m tempted to just fill it in myself as foreign income and foreign tax paid, but worried I’d face a huge tax bill.

Yellow_mango

Have you asked your employer and / or colleagues in similar circumstances? Many large companies will facilitate arrangements or negotiate discounts on tax returns for employees where there are a number of employees with complexities like this. 

If it’s a small company or you’re the only employee in this position then (unless you’re very senior) it will be up to you to find a competent accountant. I’d imagine there are a number of firms in Dublin specialising in this area. Googling “tax return accountant Dublin” came up with several possibilities. I’d ring round and check out a few. 

Also a rudimentary search suggested that the deadline for submitting an Irish tax return is 31 October, so you should have a bit of time to sort this out for 2019  (unless you’re also late for 2018). 

Good luck.