Emergency Tax?!

Shyster

Hey all,

I started a job for the summer just over a month ago and was put on Emergency Tax, my employer tld me that I would benefit more from it. I've heard both good and bad from my friends, some say I'll never get it back, others say I'll save more from it because I won't have accessto nearly half my earnings until Christmas. I've heard such different thigs that I really need to sort this out, does anybody know HOW MUCH Im being taxed (it may vary from job to job but I have't actually seen a payslip yet) and WHEN I can claim it back?

Would be extremely grateful for some enlightenment as I have looked on the revenue website and its not much help from what I can figure out. Thanks for reading!

layke

You can claim it back when ever you like within the financial year afaik (I don't know what it's like after that time period).

Normal tax @ 21%
Emergency Tax @ 48%

So effectivly you are saving close to half your wages each month.

Pythia

layke wrote:

You can claim it back when ever you like within the financial year afaik (I don't know what it's like after that time period).

Normal tax @ 21%
Emergency Tax @ 48%

So effectivly you are saving close to half your wages each month.

Totally wrong.
Standard tax is at 20%, and Higher tax is at 42%, but you get a certain amount of tax credits(depending on your situation) so if it's a summer job you probably won't exceed these credits and should get all your money back.


For example
€
Single Person’s Tax Credit 1580
PAYE Tax Credit 1270
Total 2850

See here too. http://www.revenue.ie/services/paye_faqs4.htm

DOLEMAN

Your boss is totally fully of ****.

Emergency tax means "we don't know anything about your work history". This means you pay the maximum amount of tax as it is safer to assume you should pay more tax rather than less taxes.

Your boss is just being lazy.

sdssarah

just call up the tax office and tell them your pps number and they can take you off it, its absolutely no use to anybody, just an estimation of how much tax you should be on, once you find out what youre actual tax credits are youll be taxed a normal amount (which if youre young enough can claim all of that back next year)

i know when i was accidentally on emergency tax for a month or two of work and i got a cheque for about 250euro from the revenue and that was just part time work

always nice to get a chunk of money like that though!

Crucifix

I was just filling out a 12A myself recently and was wondering; do my employers send that off or do I have to bring it somewhere? And is there some seperate form for claiming back emergency tax, or will that all sort itself out?

Shyster

Well my boss has all my details, pps number and p45 but the guy who's in charge of taxation here put me on emergency tax so I'll be able to get it all back when I'm finished. Considering its only a job for three months, Im not bothered about getting the money later, its doingme a favour by saving it really, but my problem is I don't know how much Im being taxed?! Just as long as Im not being ripped off and I wil be getting it back when Im finished, I don't mind, thanks for the link Pythia, couldn't get my head around it before.

kluivert

Have you had any other employment this year so far?

If not fill in a Form 12A send it to your tax office and get them to send a Tax Deduction Card to your new employer.

Tax credits work on an accumluative basis, its €60 a week for 2006, that means if youonly started working in say June you have 5 months tax credits accumulated. 20 weeks by 60e = 1200e in unused tax credits.

There is no need for you to be put on emergency tax at all.

You normal give your details to your employer, or if you have had previous employment in 2006 already provide them with a P60. When your new employer receives your Tax deduction Card, it should agree to the details you give ie Single or Married,

Keep a record of all tax paid in case they try and pull a fast one on you.

BC

Shyster wrote:

Well my boss has all my details, pps number and p45 but the guy who's in charge of taxation here put me on emergency tax so I'll be able to get it all back when I'm finished. Considering its only a job for three months, Im not bothered about getting the money later, its doingme a favour by saving it really, but my problem is I don't know how much Im being taxed?! Just as long as Im not being ripped off and I wil be getting it back when Im finished, I don't mind, thanks for the link Pythia, couldn't get my head around it before.

Ring the tax office yourself with your PPS, they will sort your tax out then.

If you're on emergency tax you are getting taxed at 42%.

Hermione*

This hapened to me, cos I couldn't find my revised P45 from my tax refund earlier in the year. All you need to do is ring the revenue, give them your employer's registration number and your pps number, and voilá, in 4-5 working days, you get your tax credits and a tax refund. It took me about five minutes on the phone to sort it out.

Shyster

Thanks for all the suggestions.

I know I can ring them myself but I have given my P45 and PPS number and I saw it go in the post to the revenue over two weeks ago so they should have me taken off emergency by now surely?

If so, and my employer doesnt realise it yet, then I could be losing out bigtime? This is my main worry.

I also dont want to ring the revenue myself as for everything they send to me, they send a version of it to my employer, and I dont want him thinking I don't trust them?! Sorry Im being so akward, its a small office so cant have anyone turned against me!!

Red Alert

why not? in our place you're told that you need to take care to get them sent one too.

BC

It's nothing to do with not trusting them, its quite normal for people to phone the revenue if they start a new job. Its up to you to make sure your tax is in order. Just ring the revenue, say you haven't got a new tax cert since you started working and check that they have all the details they need.