Panel D: Employment/pension income subject to PAYE — pages 12 to 15

P60/P45 DATA — LINES 216-225

YOU should include your employment income and/or pension details in this section. You will need a copy of your P60 or P45 in order to complete this section as it will have all the information needed.

Your employer’s registration number is required. You should include your gross pay for PAYE and USC, PAYE deducted and USC deducted in the relevant boxes. You should tick the box to indicate the source of your income, eg employment income, pension, etc.

If you received a refund of tax or USC for 2016, you should include the amount refunded.

SPECIAL ASSIGNEE RELIEF PROGRAMME (SARP) — LINE 226 TOP TIP

IF YOU have been approved by the Revenue Commissioners for the Special Assignee Relief Programme (SARP) via Form SARP 1A application process, you must file a Form 11 and you should enter the details of the relief at box 226. This relief applies to employees with a base salary of €75,000 or more per annum, who had an employment relationship with their employer company or associated company for at least six months immediately before relocating to Ireland, and have been non-resident in Ireland for at least five tax years before relocating here. You must work in Ireland for the employer for at least 12 months. If you qualify for the relief, 30pc of your employment income in excess of €75,000 is exempted from the charge to income tax. USC and PRSI is payable on your full employment income.

ALLOWABLE DEDUCTIONS INCURRED IN AN EMPLOYMENT — LINE 236 TOP TIP

DEPENDING on the nature of your employment you may be entitled to claim expenses against your income. ‘Flat rate’ expenses are approved by the Revenue Commissioners in relation to certain employments / occupations. A full list can be found at www.revenue.ie. If you qualify for employment expenses, you should include the nature of your employment at line 236(a).

SOCIAL WELFARE PAYMENTS — LINES 238-239

Some social welfare payments are taxable and the details of any payments you received should be included here with the gross amount received.

PENSION LUMP SUMS — LINE 240

Where you have received a pension lump sum during the year, it should be included in this section. The maximum lifetime tax-free limit on retirement lump sums is €200,000. The amount in excess of this is taxable.

SHARE OPTION EXERCISES — LINE 242

A share option is a right that your employer grants you to acquire shares in your employer.

You must complete a Form 11 for every year that you exercise options. You should have already paid the income tax, USC and PRSI due on an exercise of share options by completing a Form RTSO1 (available on www.revenue.ie) and paid the taxes within 30 days of exercise. You may be charged interest by the Revenue Commissioners if you have not done this yet.