flat rate expenses

corkcity

hi all

i registered on revenue to see what i could claim back.i went back as far as 2009 and see that i am due 121.00 for each year under flat rate expenses (retail worker) this works out at around 600euro ,do i get this cash into my bank account or in tax credit form.today i logged into online banking and see that my account was credited with 49 euro by the collector general.should have got more ?any hlp would be great

thanks

relax carry on

corkcity wrote: »

hi all

i registered on revenue to see what i could claim back.i went back as far as 2009 and see that i am due 121.00 for each year under flat rate expenses (retail worker) this works out at around 600euro ,do i get this cash into my bank account or in tax credit form.today i logged into online banking and see that my account was credited with 49 euro by the collector general.should have got more ?any hlp would be great

thanks

It's a tax relief you claimed, not money. The relief is added to your credits and reliefs for the year you claimed and your tax due is recalculated for that year. The p21 balancing statements which issue when you carry out these reviews will show you how your refund was calculated.

corkcity

It was showing unclaimed for the last 5 years.will i get a cash refund for the pevious years or what will happen,basically do i get any cash back?

relax carry on

corkcity wrote: »

It was showing unclaimed for the last 5 years.will i get a cash refund for the pevious years or what will happen,basically do i get any cash back?

You may get a refund or not for the prior tax years (2009 to 2012) depending on your personal circumstances (pay, tax paid, other credits claimed, income levy/USC underpaid etc) . For the 2013 tax year, it gets added to your tax credits.

corkcity

thanks for the help

i have never claimed for anything ever.whats confusing me is i got 49.00 credited to my account from the collector general :mad:.i have sent off for balancing statements as well for each year so that might be it .really confused:mad:

barneystinson

corkcity wrote: »

thanks for the help

i have never claimed for anything ever.whats confusing me is i got 49.00 credited to my account from the collector general :mad:.i have sent off for balancing statements as well for each year so that might be it .really confused:mad:

Have you actually paid income tax in all of the years in question? (That's PAYE now, not PRSI / Income levy / USC - and if you don't know the difference then there's not much point carrying on with the thread, you'll need to sit down with someone who has a basic understanding of how tax works.)

The €121 of flat rate expenses are actually worth 20% of that in cash - they are reliefs, not tax credits.

They are only worth that IF you have actually paid tax - you can't get a refund for tax you haven't paid.

JustAThought

barneystinson wrote: »

Have you actually paid income tax in all of the years in question? (That's PAYE now, not PRSI / Income levy / USC - and if you don't know the difference then there's not much point carrying on with the thread, you'll need to sit down with someone who has a basic understanding of how tax works.)

The €121 of flat rate expenses are actually worth 20% of that in cash - they are reliefs, not tax credits.

They are only worth that IF you have actually paid tax - you can't get a refund for tax you haven't paid.

Em -never heard of this -flat rate expenses? What's that for ? Bus fares? Do you have to work in a specific industry ?

barneystinson

JustAThought wrote: »

Em -never heard of this -flat rate expenses? What's that for ? Bus fares? Do you have to work in a specific industry ?

Would it not have been easier to Google it?!
https://www.google.ie/#hl=en&gs_rn=12&gs_ri=psy-ab&cp=12&gs_id=3g&xhr=t&q=flat+rate+expenses&es_nrs=true&pf=p&output=search&sclient=psy-ab&oq=flat+rate+ex&gs_l=&pbx=1&bav=on.2,or.r_qf.&bvm=bv.46340616,d.ZGU&fp=113808703fc22e2d&biw=1366&bih=639
http://www.revenue.ie/en/tax/it/employee-expenses.html#section1

JustAThought

Em. Not great at churning through zillions of results - Thanks for that! & oMG have haut realised that my old boss was TOTALLY milking it.

Unbelievable stuff.

No wonder we're bankrupt .

barneystinson

JustAThought wrote: »

Em. Not great at churning through zillions of results - Thanks for that! & oMG have haut realised that my old boss was TOTALLY milking it.

Unbelievable stuff.

No wonder we're bankrupt .

Milking what? No-one gets rich off flat rate expenses - members of the National Symphony Orchestra get 2,476 of allowances - which is a tax relief, and worth a maximum of 1,015 per annum.

Next highest allowance after that is 1,312 for miners, worth a maximum of 538 per annum.

After that there are a few groups who get allowances of around €700, worth the guts of €300.

Flat rate expenses are far from the reason we're bankrupt - don't be silly.

Morrisseeee

I'm currently doing my ROS online (Form 11) but I don't see Flat Rate Expenses mentioned anywhere, anyone know where I might find it or how to claim it ?

/ie. I see it on my PAYE online for the last few years but not on ROS, ie. doing ROS this year.

Citizenpain

I think you can put it in section 219 - Expenses

Morrisseeee

Citizenpain wrote: »

I think you can put it in section 219 - Expenses

I'm guessing you're on about the hard copy (paper) version !? as I don't see section's in the "online" version (ie. actually filling it in online)

Citizenpain

Yeah - I was - just assumed it was the same - sorry I dont have access to ROS at the minute but can check later

You have Self employed and PAYE income?

Morrisseeee

Cheers, yeah, share options to disclose (more effort than their worth unfortunately!)