Tax Back Question - Working Two Jobs

slickboy

Hi,

Apologies if this is a duplicated question - I had a look around the forum but I couldn't find anything similar.

In 2016 I worked two jobs - one where I worked 35 hours per week, 52 weeks of the year and a second job where I work 5/6 hours per week for a total of 26 weeks of the year.

I kept all my Tax Credits on my first job because it was my regular, steady employment. The second job - while paying significantly better - was only part-time, casual hours (hence why I kept all my Tax Credits with Job #1).

My combined income for the year for both jobs amounted to around €35,000.

In Job #1, my income was approximately €27,000 per year - meaning I never entered the 40% tax bracket; I paid approximately €2,100 in PAYE in the 20% bracket (after deduction of €3,300 in Tax Credits).

In the case of Job #2, I was automatically paying 40% PAYE as all my Tax Credits where assigned to Job #1. I earned approximately €8,000 per year in this job, paying approximately €3,200 in PAYE.

Combined, this means I paid approximately €5,300 in PAYE on earnings of €35,000 between both jobs. Had I earned this in a single job, I would have paid €3,940 in PAYE (€3460 at the 20% rate (after deduction of tax credits)* and €480 in the 40% bracket). This amounts to an additional €1,360 when working two jobs.

*As a single, unmarried person the 20% threshold for PAYE is €33,800. I have €3,300 in Tax Credits

Am I entitled to a refund given the fact that only a small portion of my combined income is in the 40% bracket or is this just reality for people who have multiple jobs?

Any help is much appreciated.

silent_spark

Request a P21 balancing statement from Revenue, any over-payments will be refunded to you. It's pretty painless.

CIARAN_BOYLE

It sounds as if you are entitled to a refund. It may be wise to apply for a p21 statement from Revenue.

KevinK

I have a somewhat similar question

I also worked two jobs in 2016 and believe that I have overpaid PAYE.

However I believe I have underpaid USC and PRSI - will a P21 sort both of these out also?

Kevin

CIARAN_BOYLE

KevinK wrote: »

I have a somewhat similar question

I also worked two jobs in 2016 and believe that I have overpaid PAYE.

However I believe I have underpaid USC and PRSI - will a P21 sort both of these out also?

Kevin

US yes. PRSI is non cumulative so you can legally avoid it by having numerous jobs at the one time rather than one job.

Millem

Sorry to hijack this thread. I have received my p60 and two statement of earnings from two separate employers. I am a teacher and work for department marking etc. Do flat rate expenses automatically get added every year or do you need to claim each year?
Also can I only claim them on one employment?

Thanks a million