Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Options for paying PAYE underpayment?

  • 06-12-2010 8:25pm
    #1
    King Nut
    Closed Accounts Posts: 19 ✭


    Hi All

    Anyone know what approach the revenue will take in relation to a PAYE underpayment? I recently got a P21 balancing statent which saide I had underpaid by 2279 as my partner and I moved in together last August and as a result I am no longer entitled to single parent tax credit. This was an honest mistake on my part, I'm not up to speed on this stuff and acknowledge that the money must be paid back.

    My question is will the revenue be willing to accomodate the fact that I have no ability to pay this back in a single lump, I have mortgage, child support, loans etc after which my disposable income is very low and zero savings. Would it be possible to work out a repayment plan or have my bands adjusted for a set period until the money was repaid?

    Really worried now that my December wages are going to be completely swallowed by them which would leave me in a very bad place.

    Any information or advice any of you may have will be very much appreciated.

    Thanks for reading.

    KN


Comments

  • #2
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,702 ✭✭✭✭namenotavailablE


    I was able to have my tax credits reduced for a period of 3 years to make good an underpayment (although the underpayment was less than 50% of your figure) by my local tax office - I suggest that you propose that to your local tax office if they haven't already suggested that.

    I think particularly where real hardship would otherwise result that they would probably be willing to come to some sort of an arrangement.

    Good luck!

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



  • #3
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    They don't have to collect the underpayment through your tax credit certificate but it's only been in rare circumstances, usually involving other sources of income that they have refused. Have you checked the bottom of the balancing statement - it'll often say there how they propose to collect the tax.

    Firstly, don't get too worried. They aren't going to collect it by changing your credits this year. So your December salary will be unaffected.

    Then talk to them. Three years is uncommon - two years is more usual. That works out at about €100 per month.

    Good luck.


Advertisement