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Flat Rate Expenses

Joe222 · 2012-04-20 17:32:12

What use can you get out of these? I thought they were used just like a tax credit. However, I looked at my tax certificate and it seems that the Flat Rate Expenses are just added to your Flat Rate Band (or Cutoff point where you go into higher tax rate of 41%). So they are no good unless you earned over that amount??…

20-04-2012 5:32pm

#1

Joe222

Registered Users, Registered Users 2 Posts: 197 ✭✭

Join Date: March 2010

Posts: 167

What use can you get out of these? I thought they were used just like a tax credit. However, I looked at my tax certificate and it seems that the Flat Rate Expenses are just added to your Flat Rate Band (or Cutoff point where you go into higher tax rate of 41%). So they are no good unless you earned over that amount??

Thanks

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Comments

#2 20-04-2012 5:40pm

Citizenpain

Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭

Join Date: November 2008

Posts: 1953

your tax credits should also be increased by 20% of the flat rate exps amount

0