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paye tax credit

  • 09-02-2016 11:53pm
    #1
    patricksmyth
    Closed Accounts Posts: 103 ✭✭


    for a paye worker who has (for example) the following tax credits listed on their online ros.ie profile:

    2012 - paye tax credit, personal tax credit
    2013 - personal tax credit
    2014 - paye tax credit, personal tax credit

    what would cause there to be no paye tax credits for 2013? assume in full time employment for the full 2013 year and did not change jobs in 2013.

    is this likely to cause any issues with the net pay received? would this make someone overpay or underpay tax?

    thanks


Comments

  • #2
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,015 ✭✭✭Citizenpain


    patricksmyth wrote: »
    for a paye worker who has (for example) the following tax credits listed on their online ros.ie profile:

    2012 - paye tax credit, personal tax credit
    2013 - personal tax credit
    2014 - paye tax credit, personal tax credit

    what would cause there to be no paye tax credits for 2013? assume in full time employment for the full 2013 year and did not change jobs in 2013.

    is this likely to cause any issues with the net pay received? would this make someone overpay or underpay tax?

    thanks
    Lack of the paye tax credit would lead to lower net pay . Just contact revenue to get it fixed


  • #3
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    Another issue there may be that the PAYE tax credit wasn't required.

    Tax Credits are restricted to tax due. So if you only needed part of the Personal tax credit, the PAYE tax credit won't appear on your statement. Example

    Income for the year is €5000

    5000 @ 20% = 1000

    Less Personal Cr 1000 (ususally 1650, but restricted to tax due)

    Tax Payable therefore is NIL. No need for a PAYE Credit to be allocated.

    Hope this makes sense


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