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Amended Tax Credit Certificate question (2013)

  • 21-03-2013 8:13pm
    #1
    Rhand
    Registered Users, Registered Users 2 Posts: 182 ✭✭


    Hi,

    I worked from the 1st of January until the 29th of January for company A, quit, and started working on the 11th of March for company B.

    I requested an Amended Tax Credit Certificate because according to my new employer, in doing so I would not be Emergency Taxed for the first period. Today I received the ATCC and was a bit surprised:

    Tax Credits (for the full year) : 3.300€

    I get paid 25.000€ a year, this means I would have to pay 5.000€ tax (20%) but because I have 3.300€ tax credits, I would end up paying only 1.700€. (I know I will only work there for 9 months this year, but the numbers are to simplify it a bit)

    However, when I check the "Allocation of your Tax Credits and Rate Bands"-section, it seems company A was allocated the 3.300€ Tax Credits and company B (my current employer) is allocated 0.

    Is this normal? Will I not get any tax credits this year anymore, or am I missing something?


Comments

  • #2
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    Rhand wrote: »
    Hi,

    I worked from the 1st of January until the 29th of January for company A, quit, and started working on the 11th of March for company B.

    I requested an Amended Tax Credit Certificate because according to my new employer, in doing so I would not be Emergency Taxed for the first period. Today I received the ATCC and was a bit surprised:

    Tax Credits (for the full year) : 3.300€

    I get paid 25.000€ a year, this means I would have to pay 5.000€ tax (20%) but because I have 3.300€ tax credits, I would end up paying only 1.700€. (I know I will only work there for 9 months this year, but the numbers are to simplify it a bit)

    However, when I check the "Allocation of your Tax Credits and Rate Bands"-section, it seems company A was allocated the 3.300€ Tax Credits and company B (my current employer) is allocated 0.

    Is this normal? Will I not get any tax credits this year anymore, or am I missing something?

    The cert is telling you that company A is still a live employment (no p45 on file yet). You need either give parts 2 and 3 of company A's p45 to Revenue or if you don't have a p45 ask company A to issue one.
    As it stands you will be taxed at 41% until you sort this out.


  • #3
    Rhand
    Registered Users, Registered Users 2 Posts: 182 ✭✭Rhand


    relax carry on wrote: »
    The cert is telling you that company A is still a live employment (no p45 on file yet). You need either give parts 2 and 3 of company A's p45 to Revenue or if you don't have a p45 ask company A to issue one.
    As it stands you will be taxed at 41% until you sort this out.

    Sorry, it seems I didn't give enough details.

    The ATCC mentions both companies, and for company A it states "Ceased".

    I've also been in contact through email with them and I received this answer from them a few days ago:
    Your employment details have been updated and a Certificate of Tax Credits issued to you and your new employer on 13/03/2013 on a Week One Basis. As Revenue now have details of your P45 from your previous employment I have re-issued this Cert today on a Normal / Cummulative Basis.

    So the Emergency Tax shouldn't be an issue anymore. But the tax credits worry me a bit.


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