MED1 Euro refund amount, correct?

naughtysmurf

I recently submitted two MED1 forms for one for 2012 & one for 2013.

2012 = €413.36 expenses claim

2013 = €745.00 expenses claim

I received one payment so far into my bank account for €44.35, I assume this is for the 2012 claim. I thought I would get back 20% of each claim so expected two payments, one of €82.67 (2012) & €149.00 (2013)

Or is my understanding incorrect?

Thanks

Citizenpain

naughtysmurf wrote: »

I recently submitted two MED1 forms for one for 2012 & one for 2013.

2012 = €413.36 expenses claim

2013 = €745.00 expenses claim

I received one payment so far into my bank account for €44.35, I assume this is for the 2012 claim. I thought I would get back 20% of each claim so expected two payments, one of €82.67 (2012) & €149.00 (2013)

Or is my understanding incorrect?

Thanks

Had you sufficient PAYE paid to cover the 82.67 in 2012?

You should get a balancing statement as well which should make it clear

Groundsource

Citizenpain wrote: »

Had you sufficient PAYE paid to cover the 82.67 in 2012?

You should get a balancing statement as well which should make it clear

Request a P21 for concerned years. You may have under paid for the years in question and the amount you got was the difference.

naughtysmurf

Have paid thousands in PAYE, both years. How is it possible to underpay?

Groundsource

naughtysmurf wrote: »

Have paid thousands in PAYE, both years. How is it possible to underpay?

Not sure of your situation. In any case you will need to get a P21 for full details.

naughtysmurf

OK, thanks, will wait for the second payment to come through & see what that is first.

barneystinson

Groundsource wrote: »

Not sure of your situation. In any case you will need to get a P21 for full details.

A med1 claim IS a request for a P21. They'll be in the OP's inbox on PAYE anytime, or else issue on paper.

Groundsource

barneystinson wrote: »

A med1 claim IS a request for a P21. They'll be in the OP's inbox on PAYE anytime, or else issue on paper.

If u do it online then you have to actually click on 'P21 request' its not automatic. Anyway one should not have to ask for these. Revenue should issue as a right. They are quick to inform one if they are in arrears.

relax carry on

Groundsource wrote: »

If u do it online then you have to actually click on 'P21 request' its not automatic. Anyway one should not have to ask for these. Revenue should issue as a right. They are quick to inform one if they are in arrears.

I think there might be a slight disconnect here. If you claim an additional relief or credit relating to a prior tax year, a P21 balancing statement is part of the outcome.
You can also obtain a P21 by just requesting one without claiming any additional credits or reliefs.
All a P21 is, is a statement of your taxable income and tax/Usc paid details along with credits and reliefs claimed during the year. The statement will also show if you underpaid, overpaid or paid the correct amount of tax based on the information available.

If you consider the logistics of automatically issuing a p21 to every paye worker in the country every year, the bulk of which will balance because revenue don't know what additional reliefs or credits everyone is entitled to until you claim them and then factor in the nasty surprises of underpayments which can arise, you may begin to understand why Revenue do not issue balancing statements without an individual requesting them.

Groundsource

relax carry on wrote: »

I think there might be a slight disconnect here. If you claim an additional relief or credit relating to a prior tax year, a P21 balancing statement is part of the outcome.
You can also obtain a P21 by just requesting one without claiming any additional credits or reliefs.
All a P21 is, is a statement of your taxable income and tax/Usc paid details along with credits and reliefs claimed during the year. The statement will also show if you underpaid, overpaid or paid the correct amount of tax based on the information available.

If you consider the logistics of automatically issuing a p21 to every paye worker in the country every year, the bulk of which will balance because revenue don't know what additional reliefs or credits everyone is entitled to until you claim them and then factor in the nasty surprises of underpayments which can arise, you may begin to understand why Revenue do not issue balancing statements without an individual requesting them.

Agreed on the logistics, but revenue don't exactly shout about the fact that PAYE workers could be lossing out due to uncliamed credits etc. Why don't they run an ad campaign or something around January every year to highlight this. It might give them more street cred.
A guy at work recently (PhD holder) had not a clue what a P21 was and has never clamed health expenses or other EVER.