taxback

20 Times 20 Times

Guys i have a question about claiming tax back.

In 2006 i worked until June , now according to people that i have been talking to i should be due tax back as i would of been on tax rate for the whole year ? I don't really understand this(actually not at all) . The reason was that i left the country for two years .

So couple of question should i be due some tax back ?
How do i claim it back with little or no stress at all.
Also what do i need to supply?

Thanks in advance.
Stephen

angelfire9

The tax system is actually relatively simple, so here's how you calculate what your tax liability is (worked example)
Annual salary 32,000
Tax @ 20% 6,400
Single Persons Tax Credit 1830, PAYE Tax Credit 1830, total tax credits = 3660
Tax due on salary of 32k p.a. (6400-3660) = 2740 for the year
If your salary is above 44k per annum you need to look at Standard Rate Cut off Points (SRCOP)
You change your tax credits according to your circumstances i.e. single/married/single parent
Your PAYE tax credit remains the same if you are employed by someone (i.e. not self employed)
Multiply your annual salary by 20% (under 44k)
Subtract your tax credits
and voila you have your tax figure for the year

The revenue website gives tax credits & SCROP's for the last few years if your talking about pre 2008
It's not that difficult!

(then again it is what i do for a living PM me if you need to)