Help with emergency tax

jamesf85

Hi anyone on here with some taxation background the help would be very much appreciated.

I have been getting emergency taxed for the past 6 months...I thought my employer had taken care of it but they didn't so I eventually looked after it myself yesterday. Problem is I just realised I put down the wrong date of when I began employment. I said June but it was in fact April. I'm just wondering will this affect the amount I receive in my next pay check or will I still get the full amount back?

Any help is appreciated

Polo_Mint

Ring your local Revenue Dept

jamesf85

I tried and I was on hold for over 25 minutes and I had to get off the phone because of work. Does anyone know if my start date affects if I get all my emergency tax back or not?

Valentina

The start date shouldn't make a difference. Once your job is correctly set up with Revenue on a cumulative basis, they send the cert to your payroll who then refund any PAYE or USC that's due back.

(This is all presuming any previous job(s) you might have held this year all have their P45(s) on record.)

jamesf85

Yea, this is my first job this year. The also asked if I was on any unemployment benefit. I'm part time so I am on the weekly dockets. She then asked how much per week I get from that. How does this affect my tax back? Surely if I was being emergency taxed at the highest rate I will still receive all that back?


Thanks for your response valentines, much appreciated.

jamesf85

Yea, this is my first job this year. The also asked if I was on any unemployment benefit. I'm part time so I am on the weekly dockets. She then asked how much per week I get from that. How does this affect my tax back? Surely if I was being emergency taxed at the highest rate I will still receive all that back?


Thanks for your response valentines, much appreciated.

prettyrestless

jamesf85 wrote: »

Yea, this is my first job this year. The also asked if I was on any unemployment benefit. I'm part time so I am on the weekly dockets. She then asked how much per week I get from that. How does this affect my tax back? Surely if I was being emergency taxed at the highest rate I will still receive all that back?

By weekly dockets, I assume you mean you are claiming jobseekers benefit for the days you don't work. Jobseekers benefit is taxable so this may affect the amount of tax you get back.

jamesf85

Thanks a million for the response...very helpful.

One final question. Does anyone know if 40-80 a week job seekers benefit on top of 250 a week, will make much of a difference to the amount of emergency tax back I receive??

It's just I was asked the question whether I was claiming JB and how much and I told her but what I didn't specify was that I have only been receiving this for the past month as I wasn't aware I was entitled to it before then. (This is my first time being part time)

Sorry again for all the questions, and thank you for the responses

prettyrestless

jamesf85 wrote: »

One final question. Does anyone know if 40-80 a week job seekers benefit on top of 250 a week, will make much of a difference to the amount of emergency tax back I receive??

Assuming you have the single person and PAYE tax credit, you can earn about €317 per week (€16,500 per year) before you start paying tax if you are working for the full year. If you were only working for the last six months of the year with no earnings in the first half of the calendar year then you could earn €634 per week before paying tax, etc. Anything above that you'll pay tax at 20%.

jamesf85

Sorry again for the questions but are you saying if I earn less than €317 I don't pay any tax?

namenotavailablE

If you are a single person with typical 'tax data values' (tax credits and standard rate cut-off point) and your total earnings in the year don't exceed €16500, you won't pay PAYE or PRSI in 2015. You will, however, pay USC- on earnings of €16500 in the year, it amounts to €337.

Once you get the tax office to sort out your details, you will be able to get back any excess tax deducted from you- on the emergency basis, you're paying a lot more than you need to but it can be recovered (although at this stage you might have to wait until January t recover some of the excess).

See my Excel spreadsheet linked in the signature under this post or in the 'About me' section of my profile

jamesf85

I really appreciate the replies, this will honestly be my last question on it.

So I recieved my tax credit certificate today and it is as follows

Personal Tax Credit 1,650
PAYE Tax Credit 1,650

Tax Credits Reduced By
DSP Jobseekers Benefit 424
Net Tax Credits 2,876

Rate Band 1 33,800
This is decreased by JB 2,124
Income taxable @20% 31,676

USC
Band 1 12,012
Band 2 5,564
Band 3 52,468

So I'm wondering where this leaves me in how much i should be receiving? Like I said I have been paying emergency tax for the past 6 months on 250-300 per week. I also have only been claiming JB for the past 4 weeks as i wasn't aware of it before then but I never specified this to the tax office.

Can anyone understand this and tell me if that all seems to add up and is it worth sorting out with Tax office re the JB or does it all make sense.

I also apologies for seeking so much advice on this but I haven't a clue...any help is greatly appreciated.