Rent1

del23

Hi folks,Im new in this site and have couple questions about my tax back.
First thing is about Rent1 form. Everytime i fill in this form and send(using PAYE or post) to Revenue,they send my back a P21. What thats mean? Because its funny thing I got three different P21 for 2010.First was underpayment 300e,second was overpayment 3c and last one was underpayment 40c. How thats can be? I earn 27k last year and paid tax 5k,is that seems ok for single person. Thanks

namenotavailablE

A P21 is a summary of your income and tax for the year. It shows the overall balance of your tax situation using the most current data for income and tax credits/ cut-off point values which the Revenue Commissioners have on record about you. Your current P21 shows that you owe the Revenue the princely sum of €0.40- I somehow think that it may be written off by the Revenue Commissioners, even in these straitened times :-)

On your annual income of €27000 in 2010, your total tax charge of €5000 (which I'm guessing probably includes the various levies and PRSI) seems rather high. However, without knowing your exact tax details, a precise answer can't be given to you. You could download my tax spreadsheet to enter your details to see if it gives you a better idea of what the tax and other deductions would be expected to be.

del23

I just check my P21 and it shows follow:
Income 27,672.
Tax Due 27,672 @ 20% = 5,534.
Tax Credits 4,130.
Tax Deducted 1,404.


My personal tax credit 1,830
Paye 1,830
Union 70
Rent 400.

And thats finally come to 40c underpayment.
Is that seems correct :rolleyes:
And how can be three different P21? Thanks for your help;)

allthedoyles

Can you give us a breakdown of the 5k you paid in tax in 2010 / ?