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Pay & File 2013

  • 09-10-2013 10:38am
    #1
    cd1985
    Registered Users, Registered Users 2 Posts: 24 ✭


    Hi,

    I am currently working out Tax for 2012 - it was an on/off job throughout the year so there was not a weekly pay cheque. As a result of this my Gross tax is less than my tax credits giving me a minus figure. I do qualify to pay PRSI and am exempt from USC.

    My question is if i have a minus figure as my Net Tax and a figure for my PRSI - Do i subtract the net tax from the PRSI and pay this amount or do i pay the full amount owing for PRSI and leave the minus figure as is?

    Thanks


Comments

  • #2
    viztopia
    Closed Accounts Posts: 770 ✭✭✭viztopia


    the amounts should be netted against each other. Revenue collect the paye/prsi due and these are paid as one total amount, not seperated. can i ask how are you going to submit you return? is it through the paye anytime or do you have a ros certificate?


  • #3
    cd1985
    Registered Users, Registered Users 2 Posts: 24 ✭cd1985


    It is for self employed - it's not for me but for my boyfriend. He was working with a landscaper and received just over €7000 for the year with him.

    I have filled out the form that he received in the post as this was a once off thing we didn't bother setting up ROS.


  • #4
    lclohessy
    Registered Users, Registered Users 2 Posts: 22 ✭lclohessy


    The tax credits are no refundable therefore it would not create a refund. The tax credits would be restricted to the maximum PAYE payable.

    The PRSI would be calculated after this resulting in a liabilty of €280. (€7, 000 x 4%)


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