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The age old emergency tax question

  • 22-08-2014 3:07am
    #1
    Niall558
    Closed Accounts Posts: 182 ✭✭


    I know this has been done to death but emergency tax rather confuses me.
    Basically, I'm wondering how I can figure out what emergency tax I will get refunded in my next wages (I'm pushing my employer to sort it for next payday) and what way I can calculate this.
    Please explain like I'm five.
    I can give more details of gross pay, total tax, bank details and how long I've been working there, if anyone is kind enough to help me.
    Tagged:


Comments

  • #2
    2ndcoming
    Registered Users, Registered Users 2 Posts: 3,588 ✭✭✭2ndcoming


    Basically when you get your tax credit certificate it will show your weekly/monthly tax credit and cut-off point. Apply this figure to each of your payslips so far received to see how much you should have paid, the difference between this figure and the amount you actually paid should* be the amount due back to you (less the tax due for the period you get the refund in).

    Eg. Week 1 E.tax 60 due with credits 20
    Week 2 E.tax 60 due with credits 20
    Week 3 E.tax 60 due with credits 20
    Week 4 Overpaid 120 due 20 = refund 100

    *Social Welfare received during time off or incorrectly deducted tax in a previous employment can throw this all out the window.


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