tax credits cut

clyde123

Let me start by saying long time poster using a burner account as i don't really want people i know tying this information back to me.

Last year we received a tax refund running into thousands and it turned out that we were overpaid by several thousand by the time they and us realised we were not in a position to pay it back but were told this would be done over time. Partner started a new job a couple of months ago and we were just getting back on track, and this morning he was told by his boss his tax credits had been reduced by over €2000, now our worry is that they'll take all that back in 1 go and as he only earns €2300 a mnth and this is the only income we'd be up the creek with no way to feed our kids.

Will they take this €2000 over 12 mnths which we'll cope with or in 1 hit? Is there an amount limit to what the tax people can take back out of each months earnings?

Alan Shore

Hi Clyde!

The effect is cumulative over the year so that he will pay €2,000 in extra tax in 2013 so €166 each month.

clyde123

Thanks Alan that's a relief, we can live with that and will just cut back, we know its got to be repaid and at least this way it's direct.

allthedoyles

Log in to paye-anytime at www.revenue.ie , and you can view your 2013 tax credit certificate .

This cert will confirm how much your tax credits have been reduced by .

Also check to see that he is claiming his full entitlement of tax credits