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Week One Basis?

  • 14-10-2014 8:31pm
    #1
    theredletter
    Registered Users, Registered Users 2 Posts: 301 ✭✭


    hi guys,

    I was getting taxed a fair bit in new job and rang revenue. They set up my tax to a one week schedule or something like that and in my last pay check I got taxed very little.. Like verrrrry little. What's that about and will my future pay slips be highly taxed? :(

    Thanks!


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    theredletter wrote: »
    hi guys,

    I was getting taxed a fair bit in new job and rang revenue. They set up my tax to a one week schedule or something like that and in my last pay check I got taxed very little.. Like verrrrry little. What's that about and will my future pay slips be highly taxed? :(

    Thanks!

    It sounds like you were on emergency tax and they've put you on a Week 1 basis. This is something they tend to do if setting up an employment towards the end of the year, to avoid the risk of you being under taxed in the job.

    Bottom line, if you are on a week 1 basis then you won't get hit with higher tax again, and if anything you'll be due a refund of emergency tax after the year end.


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