Week 1 status?

Chessala

Heya,

I got a message from my employer today telling me that I was still on "Week 1 status" for my tax and that I should ring revenue to get a cumulative tax certificate issued.

Well, I did that and then tried to read up about what exactly that meant but tbh...I still have no idea. I've been in the job for about 3 months now...does it mean I paid too much tax? Too little tax?

It's my first job in Ireland, I handed in my PPS and everything required at the start but I really am a bit confused right now.

Thanks for the help!

allthedoyles

If the tax office don't know what you have been doing for the first 5 months of this year , then they are not going to take a chance and give you a cumulative cert .

Your week 1 basis means that you will pay tax on a weekly basis from now until year end .

If you get it sorted and receive a cumulative tax cert , you may receive tax refund through your employer , depending on your total earnings year to date .

Remember as a single person , you are allowed earn €317 euro weekly before paying tax , and if your cert was cumulative , you would now have built up tax-free allowances of around € 10,000 , which means you would still be tax free .

But unfortunately as your tax credit cert is on a week 1 status , you cannot avail of this tax-free allowances .

Chessala

So...I started working for my employer mid may. I didn't have a job yet in Ireland and therefore it's the first money I earn here.
So far I have paid approximately 750€ in tax....does that mean I will get that back?

And that basically I won't pay tax until I earned 10k?

Sorry for the stupid questions but tax is rather confusing to me X_x

namenotavailablE

Chessala wrote: »

So...I started working for my employer mid may. I didn't have a job yet in Ireland and therefore it's the first money I earn here.
So far I have paid approximately 750€ in tax....does that mean I will get that back?

And that basically I won't pay tax until I earned 10k?

Sorry for the stupid questions but tax is rather confusing to me X_x

You can check the answers to the above using my Excel net pay calculator. See http://taxcalc.eu/monthlyss

The tax system will give you a full year's value of tax credits & SRCOP once you have been set up correctly by the Revenue Commissioners. You might try contacting your local tax office to explain your situation to try accelerate a resolution. Once this is done, you'll probably pay minimal deductions for a couple of months while using up the credits from the earlier part of this year.