Revenue Review of Department of Social Protection Pension Payments
Revenue is now comparing the pension information received from the Department of Social Protection with the Form 11 income tax return for individuals who received a DSP pension payment in 2010 and prior.
Revenue is comparing the pension information for the purpose of identifying taxpayers who did not declare their pension income or who may have under-declared the pension amount received.
Revenue observe that some “may wish to consider reviewing their clients’ returns in accordance with Chapter 2 of the Code of Practice for Revenue Audit”. In other words, think about making a Qualifying Disclosure if there's an issue.
Revenue has published a number of eBriefs and FAQs on the tax treatment of DSP pensions and the exchange of information with the DSP which readers may find helpful:
