Irish tax rebates VS Revenue

Pancakesand

Hi,
I wonder what the difference is between asking for a p21 ,p60 & your medical expenses on revenue compared with letting Irish Tax rebates take over. I have a friend who went with irish tax rebates and he got around 1600 euro back ( minus the 7% they take as fee). I have myself been doing all medical expenses on revenues page and asked for my p21,p60. I got around 500 euro back for 3 years. Now my friend got 1600 euro back for only one year. What am I missing on revenue that the irish rebates collect at? Me and my friend have had the same kind of jobs. So what could I have missed? My friend and i are both single, no help from revenue for paying rent, get around 27k in salary with around 20% in taxes I have lived here for 3 years. My friend moved to Ireland 3 years back to but he left the country after 1,5 year and collected taxes around 3000. How can he get so much out if he already collected 3000 some years ago. There must be something I am missing. Anyone have a story where they collected from revenue and then went with Irish tax rebates?

exaisle

The only difference is the 7% that Irish Tax Rebates charge..

Your friend left the country so presumably only had a part year's salary and a full year's tax credits.

Also, if your friend got €1600 back in respect of medical expenses, it means they had €8000 in medical bills. If they didn't have huge medical bills, then the likelihood is that they were on emergency tax for the year they started working here or they hadn't claimed the appropriate credits.

You can't really compare your own tax situation with anybody else's...generally speaking everybody's circumstances are different and some qualify for different tax credits....just be satisfied that your own tax credits are correct and claim your medical expenses for each year as before.

Have a read of this (and if you're not sure of something then by all means stick a post in this forum):
http://www.payeanytime.ie/en/tax/it/credits/index.html

Avatar MIA

Companies like ITR are beneficial to those clueless about tax. So, they've a good market out there.

Anything anyone needs to know about basic personal tax reliefs are relatively easy to find out.

You're ahead of a lot of people because you know about asking for a P21.

All ITR did was ask your friend a few generic questions. One was, have you had any medical expenses during 2016. For this they charged him 7% of what he could have done himself by filing in a couple of simple forms.

But, other people will pay Halfords €10 to change a light bulb, so there is business out there for people that want simple enough things done for them.

CIARAN_BOYLE

ITR ask the questions about stuff that you might not know yourself.

I've know a guy who messed up tax credits and cut off allocation between mutliple jobs. Over 4 years he over paid by €25K.

ITR look after him and take 7% commission. I can sit down with him for €50 and tell him how to ask for a P21 or for €200 I can calculate how much of a refund he is due and submit a P21 or he can just submit a P21 on his own.

If you have a more complicated case where its not just a case of medical expenses and p21 sure go ahead and use a service but if its just bog standard medical expenses theres no reason not to submit yourself.