Tax Tracker

Amount owed per year

Year	What	Tax
2020	Share gains — covered by exemption	€0
2021	CGT on share disposals	€240.67
2021–2024	Exit tax on ETF gains/distributions	€225.86
2025	Exit tax on ETF distributions (upcoming)	€145.67
2026	Exit tax on distributions so far (upcoming)	€81.96+
Total		≈€694

Plan

Tax is owed because gains on shares (CGT) and ETFs (exit tax) were never declared to Revenue. Complete these steps:

Send Revenue a letter (via MyEnquiries, using myAccount) — explain the undeclared gains, ask whether ROS registration is needed for such a small amount, and request how to pay
Write a qualifying disclosure letter — voluntary, unprompted disclosure caps penalties at ~3%
File Form 11 for each open year (2020–2026) if Revenue requires it
Pay tax + interest — exact amounts confirmed by Revenue

What to say in the letter

I am a PAYE employee who opened investment accounts with DEGIRO and Lightyear and did not realise the gains were taxable
I have now become aware of my obligations and wish to come forward voluntarily
I held direct shares (subject to CGT) and UCITS ETFs (subject to exit tax)
I ask whether, given this is a small amount, it can be settled without full ROS registration
I ask how and when to pay, and whether interest applies
I commit to providing a full schedule of the gains if required

Revenue

Component	Amount
CGT — 2021 share disposals (Apple, Visa, Coca-Cola, Alphabet)	€240.67
Exit tax — ETF gains/distributions 2021–2024	€225.86
Revenue late-payment interest (est.)	≈€140
Total overdue	≈€605–610

Coming up

€145.67 exit tax on 2025 ETF distributions — due 31 Oct 2026
€81.96+ exit tax on 2026 distributions so far — due 31 Oct 2027

Deemed disposals

UCITS ETFs trigger a deemed disposal after 8 years (exit tax at 38%). All current positions were first bought 2023–2024 — earliest anniversary is 2031.

How to pay

Register for ROS (or add income tax via myAccount) — free
Write a qualifying disclosure letter (unprompted = ~3% penalty cap)
File Form 11 for each open year (2020–2026) via ROS
Pay tax + interest through ROS
Help: MyEnquiries or Revenue helpline 01 738 3660

2020

Share gains (€957.88) fully covered by the annual exemption — nothing owed.

2021 — CGT on share disposals

Disposals (Feb 2021): Apple, Visa, Coca-Cola, Alphabet	€1,999.31
Less annual exemption	−€1,270.00
Taxable gain	€729.31
Tax @ 33% (due 15 Dec 2021)	€240.67

2021–2024 — Exit tax on ETF gains/distributions

Total fund gains/distributions 2021–2024	€550.86
Tax @ 41% (due 31 Oct 2022–2025)	€225.86

2025 — Exit tax (upcoming)

ETF distributions	€355.30
Tax @ 41% (due 31 Oct 2026)	€145.67

2026 — Exit tax (upcoming)

ETF distributions so far	€215.69
Tax @ 38% (due 31 Oct 2027)	€81.96+

Late-payment interest (est. ≈€140) not shown; verify exact figure via ROS before paying.

Current holdings

Revolut

Ticker	Holding	Qty
ZA30	iShares S&P 500 Scored and Screened UCITS ETF	1,820
EUNL	iShares Core MSCI World UCITS ETF	45.1494
NQSE	iShares Nasdaq 100 UCITS ETF EUR Hedged (Acc)	204.4997
2B79	iShares Digitalisation UCITS ETF	305
INN1	ING Groep NV	50
VUAA	Vanguard S&P 500 UCITS ETF (Acc)	10
G1CE	Invesco Global Clean Energy UCITS ETF	50
RSH	Randstad NV	25
CEBL	iShares MSCI EM Asia UCITS ETF	2.9921
2B76	iShares Automation & Robotics UCITS ETF	42.1792
0VD	Universal Music Group	15
QDV5	iShares MSCI India UCITS ETF	24.8611
MBG	Mercedes-Benz Group AG	3.3843

DEGIRO

Ticker	Holding	Qty
XAIX	Xtrackers AI & Big Data UCITS ETF	17
G500	Global X Nasdaq 100 Covered Call UCITS ETF	200
VUSA	Vanguard S&P 500 UCITS ETF (Dist)	20
2B76	iShares Automation & Robotics UCITS ETF	100

Lightyear

Ticker	Holding	Qty
VWCE	Vanguard FTSE All-World UCITS ETF (Acc)	1.7225
IWDA	iShares Core MSCI World UCITS ETF	2.2429
—	Cash	€500.77

Holdings reconstructed from transaction ledgers (net of all buys/sells to date); DEGIRO figures cross-checked against the broker's own position snapshot.