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Calculating tax refund

  • 20-10-2016 2:07pm
    #1
    UnitedIrishman
    Registered Users, Registered Users 2 Posts: 5,369 ✭✭✭


    Basically I work in a job that the hours vary week on week and I'm unsure if I'm owed tax or how it is calculated?

    So for instance this week my wage was 1006 due to bonuses but after tax was 760. Other weeks I may only work 25 hours and pay little tax.

    I received a letter from the revenue this week to say my tax credits hadn't changed in a number of years and may be entitled to a refund. My annual wage has never been greater than 23k, and is usually around the 20-22k range.


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    Tax works on a cumulative basis over the year.

    If you are a PAYE worker you get effectively a tax free allowance of €317 per week, then you pay tax at 20% above that.

    So if you earned €317 every week to date and then earn €1,000 you would pay around €140 in income tax €40 in PRSI and Some USC.


  • #3
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,292 ✭✭✭✭Mrs OBumble


    UnitedIrishman wrote: »
    I received a letter from the revenue this week to say my tax credits hadn't changed in a number of years and may be entitled to a refund. My annual wage has never been greater than 23k, and is usually around the 20-22k range.

    Did they tell you what you should to do check if you are entitled to refund - eg contact them?

    Did you do that?


  • #4
    UnitedIrishman
    Registered Users, Registered Users 2 Posts: 5,369 ✭✭✭UnitedIrishman


    Mrs OBumble wrote: »
    Did they tell you what you should to do check if you are entitled to refund - eg contact them?

    Did you do that?

    Yeah I'll get in contact with them, I guess what I wanted to know too is what would affect my tax credits and in turn how would that affect my take home pay?


  • #5
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,893 ✭✭✭allthedoyles


    UnitedIrishman wrote: »
    Yeah I'll get in contact with them, I guess what I wanted to know too is what would affect my tax credits and in turn how would that affect my take home pay?

    Your personal circumstances affect your tax credits , and this can lead to a change in your take-home pay which can be positive or negative .


  • #6
    Timbo1987
    Registered Users, Registered Users 2 Posts: 52 ✭✭Timbo1987


    Create an account on revenue.ie and you can see your employment, taxes and USC paid for last for years.

    Stick in a few hundred quid each year for medical expenses and claim back whatever you are owed


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  • #7
    Avatar MIA
    Closed Accounts Posts: 6,750 ✭✭✭Avatar MIA


    Timbo1987 wrote: »
    Create an account on revenue.ie and you can see your employment, taxes and USC paid for last for years.

    Stick in a few hundred quid each year for medical expenses     and claim back whatever you are owed

    Assuming you incurred said medical expenses and they are allowed medical expenses.

    OP,

    If you have no other income you can simply ask Revenue for a P21 for prior years (up to 4 years) and revenue will calculate your tax. If you have been overtaxed you will get a refund. If under taxed Revenue will ask you to pay it.


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