P60 and Form 12 question

bonjurkes

It's my first end of the year here (been here for 7 months) and I got P60 form from my employer (didn't know what to do with it).

So here is my simple questions,

1-) I prefer to fill things online, form 12 asks for my gross income in the year and at P60 it's as : xxxx.67 . Form 12 doesn't care about .67 part I think, then for this case should I write my income as xxxx or xxxx+1 (rounding up because of .67) ?

2-) The real question is, my employer pays for my Aviva health care and the tax part is deducted from my salary each month, around 50 euro.

At "Add Tax Credit" section there is "Medical Insurance Relief" form that I can give details of "Gross amount paid by employer" . Should I ask my employer about how much this costs so I can add Medical Insurance Relief? Or because I only pay the tax part each month, I am not entitled to any relief about this?

I found this page, and looks like Example 2 is my situation but I can't be sure about it: http://www.revenue.ie/en/tax/it/leaflets/it5.html


This is the answer about question 2 from my employer's finance dept.

You will need to ask Revenue if they require this as the amount of taxes paid is included in your total tax paid.

There is BIK YTD: 661.35 € on bottom of my payroll for December 16


Thanks!

gerrybbadd

bonjurkes wrote: »

It's my first end of the year here (been here for 7 months) and I got P60 form from my employer (didn't know what to do with it).

So here is my simple questions,

1-) I prefer to fill things online, form 12 asks for my gross income in the year and at P60 it's as : xxxx.67 . Form 12 doesn't care about .67 part I think, then for this case should I write my income as xxxx or xxxx+1 (rounding up because of .67) ?

2-) The real question is, my employer pays for my Aviva health care and the tax part is deducted from my salary each month, around 50 euro.

At "Add Tax Credit" section there is "Medical Insurance Relief" form that I can give details of "Gross amount paid by employer" . Should I ask my employer about how much this costs so I can add Medical Insurance Relief? Or because I only pay the tax part each month, I am not entitled to any relief about this?

I found this page, and looks like Example 2 is my situation but I can't be sure about it: http://www.revenue.ie/en/tax/it/leaflets/it5.html


This is the answer about question 2 from my employer's finance dept.

You will need to ask Revenue if they require this as the amount of taxes paid is included in your total tax paid.

There is BIK YTD: 661.35 € on bottom of my payroll for December 16


Thanks!

Yes, round up. The Form 12 won't accept cent.

If your employer is paying Medical Insurance on your behalf, then you are paying BIK, and are due tax relief on this. Input that €661.35 under Medical Insurance Relief. Your employer is obliged to return the correct amount on their P35 anyhow, but it could be later on in the year before that is up on Revenue records