Tax refund on health insurance costs

doubter

if you are working, and your employer is paying your healthinsurance as part of your package, you can request a refund from taxoffice for part of those costs. All you need is the details paid over those years and a letter stating that from your employer..takes about 1 month to get it. .
I just did that a month ago and am getting 200 euro back - over 4 years.

Tow

Unless there is more detail being left out, Revenue should not be refunding you money.

namenotavailablE

I'm assuming that when the OP writes "your employer is paying your health insurance as part of your package" that that means that it's a benefit-in-kind of the employment.

In that case, the employer will have paid the net amount of the insurance to the VHI and the amount of tax credit to the Revenue Commissioners- once that is done, the employee can claim the credit manually as per the OP's statement. For details, see form IT5.pdf

sled driver

Tow wrote: »

Unless there is more detail being left out, Revenue should not be refunding you money.

Why not?

Doubter is correct.

Citizenpain

100% correct -- however alot of emplyers give the Info to Revenue and the Tax Credit is automatically applied - Dont just assume you are due an additional tax credit - you may already have it

doubter

Agreed- but in my case, and in all the people here in the office who applied for it, we didn't.If you already have it they will tell you so - it only takes a letter and a 20 minute effort to put the application through..worth the try I think.

Citizenpain

There really is no need to write/ring to Revenue to check -- we all get posted our Tax Credit Cert. If your company pays your Medical insurace chedk the cert to see if a credit is included-- If it's missing then ring them.

Look what happened with the PRSI ---Half the population sent a letter to revenue to see if they were due a refund -- Revenue are now going through a six month backlog

doubter

make them work for our money..;).just kidding. I've posted it cause no one here in the office was aware you could claim for this. And it's different to medical costs apparently.It's just a tip..:-)

relax carry on

Employers are supposed to inform Revenue via their end of year P35s that they pay Medical Insurance premiums as a Bik for their employees. Some employers couldn't be bothered with providing that info so its gets missed.
Making Revenue "work for their money" doesn't really apply here as its the employers role to inform Revenue. Revenue do not know what your pay or tax is in anyone year until employers inform them.
By the way a 30 second login to your paye anytime account will show anyone who believes they are entitled to this credit whether they have it or not.