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Revenue saying I underpaid tax

  • 05-03-2015 12:29pm
    #1
    Fionne
    Registered Users, Registered Users 2 Posts: 392 ✭✭


    I had sent in my MED1 form and rang as I was expecting an amount to hit my bank account. They informed me that I had actually underpaid tax for 2014 and so the medical expenses would be put towards that. How can this have happened? I ask because I do the wages in the business I work for and ALWAYS use the most up to date tax credits that I download from ROS for each employee so I can't understand how I can have underpaid. Is there any way I can prove I didn't underpay?


Comments

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


    FonE wrote: »
    I had sent in my MED1 form and rang as I was expecting an amount to hit my bank account. They informed me that I had actually underpaid tax for 2014 and so the medical expenses would be put towards that. How can this have happened? I ask because I do the wages in the business I work for and ALWAYS use the most up to date tax credits that I download from ROS for each employee so I can't understand how I can have underpaid. Is there any way I can prove I didn't underpay?

    You can prove it if it's a fact - you'll need to look at the P21 when you get it and see why it differs from your week 52 pay slip.

    Maybe your P21 is missing a PAYE credit or something simple?


  • #3
    thesimpsons
    Registered Users, Registered Users 2 Posts: 1,696 ✭✭✭thesimpsons


    Are you sure your tax credits and rates are correct for you? Did u get tax credits you weren't entitled to? Despite using the up to date P2C provided by revenue, it might not have been correct . Check this too


  • #4
    GezBev
    Registered Users, Registered Users 2 Posts: 1 ✭GezBev


    Hi,

    I'm just wondering if anyone has experienced the following.

    I used the Revenue online process to submit medical expenses for 2014 at the beginning of March. Within a couple of days I received a P21 Balancing Statement resulting in an underpayment of tax. When I examined the detail I noted that Illness Benefit which was payable to me in 2014, and which was paid directly to my employer, was declared by Revenue as Income in Panel 1. As the amount was processed to me through my employer's payroll, it is accounted for as Pay in Section A of my P60 and taxed accordingly. The PAYE online system does not appear to have taken this into consideration.

    I have submitted an appeal using the Revenue's official procedure and now await a response which I hope will take the above into consideration.

    Thanks for taking your time to read this.


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