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Redundancy and tax

  • 19-01-2004 7:53pm
    #1
    Shiminay
    Moderators, Social & Fun Moderators Posts: 28,633 Mod ✭✭✭✭


    Hey there - anyone know the story relating to redundancy and getting tax back? Lots of people seem to think I'm elligible to get some cause I was made redundant, but the tax office say no - help? I could do with the cash ;)


Comments

  • #2
    Lafortezza
    Registered Users, Registered Users 2 Posts: 8,806 ✭✭✭Lafortezza


    What did the tax office say exactly? I don't know who else is going to give you a better answer to your question apart from the tax office.
    1890 605090 is the Revenue Helpline, nice friendly people there can explain it to you.


  • #3
    RicardoSmith
    Closed Accounts Posts: 8,259 ✭✭✭RicardoSmith


    Tax back for what? You paid it when you where working. You don't pay it when you're not working. Do you mean your redundency lump sum? Thats tax free as far as I know. So what tax do you think you should get back?


  • #4
    MrHappy
    Closed Accounts Posts: 42 ✭MrHappy


    My GF is an Accountant and had to deal with this over the last while for a friend.

    As far as I can remember over the 12000 mark, you are taxed on (Meaning 12000 tax free), you can also apply to get some extra cash tax free (But this can only be done once in a lifetime), so choose carefully!!!

    About getting your tax back, yes you should also be able to get tax back for the year gone, so not sure when you were let go, or what way that works, but it is possible.

    One last thing... She has the same problems with people in the Tax Office, she mentioned that 1/2 of the time, you get someone that doesnt know they're ar*s from the elbow, so keep phoning back until you talk to someone who knows what they're talking about... Some of the people in there are very helpful!

    G'Luck! :)


  • #5
    leeroybrown
    Closed Accounts Posts: 7,562 ✭✭✭leeroybrown


    My recollections of redundancy taxation is about the same as MrHappy's. I was working for a company who layed people off 2.5 years ago and the situation was pretty much as described back then.

    If the chances are you may get layed off again some time in the future with a bigger package then it might be prudent to defer the tax break (That aid yu can never trust the government not to change it ;-) ).


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