Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

P60 and Form 12 question

  • 11-01-2017 03:03PM
    #1
    bonjurkes
    Registered Users, Registered Users 2 Posts: 241 ✭✭


    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!


Comments

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


Advertisement