Tax rebate

nails1

I signed up for one of these online. Could I end paying money that might be owed instead of payment to me or how do these rebates work. Is it much different to a revenue audit?

wiggle16

No, it's not the same as an audit.

If you did not pay enough tax in a given year, you will owe money to Revenue and will have to pay it. Or it will be taken out of your wages next year.

If you paid enough tax, it will balance and you will neither owe nor be owed money.

If you paid too much, you will be due a refund from Revenue.

Because you signed up to a rebate site (if I understand you correctly), they will get a cut of any refund you might be due, when in fact you could have done it yourself for free.

relax carry on

nails1 wrote: »

I signed up for one of these online. Could I end paying money that might be owed instead of payment to me or how do these rebates work. Is it much different to a revenue audit?

I'm assuming you signed up something like taxback.com? They carry out a review of your paye and USC paid for one or more years. There's three outcomes of these reviews. Normally everything is order and no refund is due. The second outcome is a refund normally due if you were overtaxed for some reason. The third outcome is and underpayment where you haven't paid enough tax.

You requesting a review of your taxes is nothing like an Audit.

nails1

It was Irish Tax Rebates. So people actually sign up to these only to end up owing money to revenue rather than getting a rebate as planned?

Kitty6277

wiggle16 wrote: »

Because you signed up to a rebate site (if I understand you correctly), they will get a cut of any refund you might be due, when in fact you could have done it yourself for free.

How do you go about doing this through Revenue? I've been trying to find a number to call them on but haven't managed to

wiggle16

The number depends on your district, which depends on where your PPSN is registered, you can find the number here: https://www.revenue.ie/en/contact-us/index.aspx
When you enter the your PPSN it will tell you which district office is yours and give you the number.

You do it through MyAccount (you basically make a profile with Revenue's website), you can create a profile and manage your tax there. You can claim credits too, if you're entitled to them. I'm not trying to sell it to you or anything, but once you are set up it takes ten minutes to review your tax and it's free. If you get a refund, Irish Tax Rebates will get a cut of it, and literally all they did was push a button and click a mouse. They will not have done ANYTHING else to earn their cut, I promise you.

Yes, if people did not pay enough tax in the previous year, they will end up owing money. Unless you sit down with your P60 yourself and work it out, you will not know if you are due a refund or not until you request a review. It's a chance you take unless you're willing to work it out yourself.

wiggle16

nails1 wrote: »

So people actually sign up to these only to end up owing money to revenue rather than getting a rebate as planned?

Yup! Unfortunately.

Kitty6277

wiggle16 wrote: »

The number depends on your district, which depends on where your PPSN is registered, you can find the number here: https://www.revenue.ie/en/contact-us/index.aspx
When you enter the your PPSN it will tell you which district office is yours and give you the number.

You do it through MyAccount (you basically make a profile with Revenue's website), you can create a profile and manage your tax there. You can claim credits too, if you're entitled to them. I'm not trying to sell it to you or anything, but once you are set up it takes ten minutes to review your tax and it's free. If you get a refund, Irish Tax Rebates will get a cut of it, and literally all they did was push a button and click a mouse. They will not have done ANYTHING else to earn their cut, I promise you.

Yes, if people did not pay enough tax in the previous year, they will end up owing money. Unless you sit down with your P60 yourself and work it out, you will not know if you are due a refund or not until you request a review. It's a chance you take unless you're willing to work it out yourself.

Tried that any numbers that came up didn't seem to be what I was looking for :rolleyes:

I have a MyAccount with Revenue, but I'm not entirely sure how to go about getting a tax refund. There's no point in me going through a third party as I'm probably not due that much tax back (low paid, part-time), but still it would be nice to get a few bob back.

Hitman3000

I have an online account with Revenue. Just submit a request for a balancing statement P21. Why pay a third party for something you can do yourself?
Received a check for 1600 last week for the years 16/17. Usually leave it for 2 years and submit a claim before the holidays. Spending money sorted.

relax carry on

Kitty6277 wrote: »

Tried that any numbers that came up didn't seem to be what I was looking for :rolleyes:

I have a MyAccount with Revenue, but I'm not entirely sure how to go about getting a tax refund. There's no point in me going through a third party as I'm probably not due that much tax back (low paid, part-time), but still it would be nice to get a few bob back.

Not everyone is due a tax refund. Normally everyone pays the right amount of tax in PAYE employments annually.

Refunds of tax can occur by claiming an additional tax credit/relief you didn't have already. They can occur from you being over taxed in a particular year if you were moving jobs quite a bit. They can also occur from changes in circumstances like unemployment, moving to joint assessment due to marriage etc.

Also as I can't believe how many people I've had to say this to over the years, you can't get a refund of tax if you haven't paid any tax. That's PAYE.

Kitty6277

Hitman3000 wrote: »

I have an online account with Revenue. Just submit a request for a balancing statement P21. Why pay a third party for something you can do yourself?
Received a check for 1600 last week for the years 16/17. Usually leave it for 2 years and submit a claim before the holidays. Spending money sorted.

Is it the end of year statement?

Hitman3000

Kitty6277 wrote:

Is it the end of year statement?

Yeah, P21.

Squatter

Kitty6277 wrote: »

Is it the end of year statement?

It's the end of year statement from Revenue - don't confuse it with the end of year statement from your employer, which is a P60!

wiggle16

Kitty6277 wrote: »

Tried that any numbers that came up didn't seem to be what I was looking for :rolleyes:

Just out of curiosity, what do you mean they weren't what you are looking for? If you are a PAYE worker there is a PAYE 1890 number there. That's the only number you would be calling really.

To review your tax, you go to MyAccount.
Select manage my tax 2017/16/15/14
Request a P21 (uses the info Revenue already has to come up with a figure)
Or complete a Form 12 (you give Revenue extra information to come up with a figure, such as claiming credits, change in circumstances etc).

Revenue will send you a P21 which will tell you if you owe tax, are due a refund, or (most likely) have balanced.