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Income Tax- Delays in pay due to new job

  • 04-12-2014 10:13am
    #1
    WhyTheFace
    Registered Users, Registered Users 2 Posts: 462 ✭✭


    Hi,

    I started a new job on Nov 3rd but only received my P45 from old job yesterday. Instead of being emergency taxed I said to hold off until I get P45 and I would live off savings.

    By the time I receive tax. cert etc. it will be 6 weeks since I was last paid.

    My new job pays by the week.

    This might sound like a stupid question but I know I'll pay a big whack of tax due to the six weeks payment in one go. Overall will it work out the same as if I had paid weekly for the 6 weeks. i.e. do revenue calculate all this based on gross annual salary?

    I hope I'm not paying more tax than I should be!

    Thanks


Comments

  • #2
    toadfly
    Registered Users, Registered Users 2 Posts: 3,412 ✭✭✭toadfly


    There was no need to wait, all you had to do was ring revenue who would issue your credits to your new employer. They do stop issueing credits shortly for 2014.

    If you are on a cumulative basis you won't overpay on tax as they'll take full year into account. You will overpay on PRSI though.


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