Tax Withheld from Certain Payments
Individuals are required to withhold tax at the standard rate (20%) from certain payments (i.e. Annuities) that they make to other parties. For individuals taxed under PAYE it is generally possible for Revenue to arrange to collect the retained tax from any payments they make by means of an adjustment to the Tax Credit Certificate. However where this is not possible individuals are required to register for Self Assessment In either case it is the gross amount of the payment from which tax was retained that should be declared to Revenue.
A completed Form R185 (PDF, 38KB), should be provided to the payee at the end of the tax year as evidence of the tax deducted from the payment(s).