tax refund

5CHULZY

I've only been working this year since July and will earn less than €12000 by the end of the year, will I be entitled to claiming back the tax I've already paid?

Geuze

5CHULZY wrote: »

I've only been working this year since July and will earn less than €12000 by the end of the year, will I be entitled to claiming back the tax I've already paid?

YES.

The two basic tax credits are as follows:

personal tax credit = 1650
PAYE tax credit 1650

So 3300 tax credits mean you can earn 16,500 tax free.

Geuze

Although what normally happens is that any excess tax paid earlier in job is repaid to you through payroll.

exaisle

5CHULZY wrote: »

I've only been working this year since July and will earn less than €12000 by the end of the year, will I be entitled to claiming back the tax I've already paid?

A distinction needs to be drawn between the different taxes....IncomeTax, USC and PRSI.

If you are in PAYE employment, and if your tax credits have been properly set up, it's unlikely that you will have paid any Income Tax this year as your income will be less than the amount you can earn tax free, ie. €16500. Check your payslip. If you were in receipt of Job Seekers Benefit, then this will be taken into account at the end of the year as it is taxable.

However, if your income for the year does not exceed €13000 then you may be due a refund of USC.

I'd suggest you register for PAYE Anytime in the My Account section of ROS and request a P21/review in February, or whenever your PAYE details appear there. (You'll have to wait until your employer submits their P35)

5CHULZY

I'm in PAYE employment and have €64 tax credits in place. I'm also paying on average about €40 a week of tax on top as well. Will I just get the tax I've paid back or will I get the tax credits back as well.

gerrybbadd

5CHULZY wrote: »

I'm in PAYE employment and have €64 tax credits in place. I'm also paying on average about €40 a week of tax on top as well. Will I just get the tax I've paid back or will I get the tax credits back as well.

The tax credits are non refundable. What credits to is reduce your tax bill. If you did not have credits, you would be paying 64 +40 a week = 104 tax.

Assuming by tax, you mean PAYE.

It sounds to me like you are on a Week 1 basis, cos if you are only going to earn less than 12000 in the year, you would not be taxable.

12000 @ 20% = 2400 tax due
64 tax credits X 52 weeks = 3300

Tax credits are greater than tax payable, therefore, no tax due.

exaisle

Just register on MyAccount and request a review in the new year.

5CHULZY

My tax code is week 1.
So I can claim back the tax I've paid at the end of the year. Will it be done automatically or will I have to request it

gerrybbadd wrote: »

The tax credits are non refundable. What credits to is reduce your tax bill. If you did not have credits, you would be paying 64 +40 a week = 104 tax.

Assuming by tax, you mean PAYE.

It sounds to me like you are on a Week 1 basis, cos if you are only going to earn less than 12000 in the year, you would not be taxable.

12000 @ 20% = 2400 tax due
64 tax credits X 52 weeks = 3300

Tax credits are greater than tax payable, therefore, no tax due.

gerrybbadd

5CHULZY wrote: »

My tax code is week 1.
So I can claim back the tax I've paid at the end of the year. Will it be done automatically or will I have to request it

It won't be automatic.

And it will depend on why you are on a Week 1 Basis to begin with. Your best bet is to ring Revenue, and see why you are on a Week 1 Basis. They may need additional info from you that can be cleared up over the phone, or by you sending them something.

If they can take you off the Week 1, onto a normal tax basis, you will get a repayment of overpaid tax through the employment direct. That'd be handy i'm sure coming into the Xmas

thesimpsons

you will have to request it. as already suggested, register with Revenue and set up your own account. Once the employer has submitted the company's P35 returns for 2016 you can request a Balancing statement (P21) and your 2016 income and taxes paid will be reviewed and a refund issued or an underpayment requested.

use this link to start setting up your account with revenue.

https://www.ros.ie/myaccount-web/register.html?execution=e1s1

also, why are you on a Week 1 basis do you know? ring revenue and check this out as you may be able to get it sorted and have yourself placed on Cummulative basis before the year end which could get any tax refund sorted. however, even if you do get youself off Week 1 basis, I'd recommend still registering with the revenue site and requesting P21 after the 2016 year end.

allthedoyles

Not much point in ringing the tax office nowadays as they refuse to change anything over the phone .
Do it all online as outlined above and since you didnt work till July this year , if you had medical card let them know too.

5CHULZY

ive already signed up online so will just have to wait till the new year. roughly how long does it take get a refund

exaisle

allthedoyles wrote: »

Not much point in ringing the tax office nowadays as they refuse to change anything over the phone .

That is not true.

tanit

5CHULZY wrote: »

ive already signed up online so will just have to wait till the new year. roughly how long does it take get a refund

You can only do the PC21 online once 2016 it's over. Go to the website My Account and look for the year you want. You will get an email from Revenue that you have email on your inbox a few days later or in a about a week and the following week you might get the cheque on the post.

Alternatively you can register your bank details and wait for the website to acknowledged the bank details change and get the refund directly on your account. It might take you 2 weeks in the worst case scenario I'd say

allthedoyles

exaisle wrote: »

That is not true.

just today they refused to add a new employer to my paye . Told me to do it online .

exaisle

allthedoyles wrote: »

just today they refused to add a new employer to my paye . Told me to do it online .

Adding a new employer to your paye isn't the same as giving out information as to why the OP is on a week 1 basis.

I can understand your frustration, but Revenue refusing to do one thing for you hardly qualifies as "anything".

Just today they issued an amended tax credit certificate for me....