P60 and P21

madsojfduih

Hello. I'd be very grateful if someone could explain to me something about my P60 and P21. As a student, I started a part-time job in 2018. My P60 claims that I earned about 2000 euros, about 100 higher than what I actually got paid. I checked where those exact money were deducted and it was the PRSI(EE) from my first payslip. My first question is what is this tax exactly? Should I have not paid any taxes since my very low income?
Then when I saw my P21, there was written that I did not pay any taxes and that I had about 400 tax due. Does that mean I have to give that amount back, or that it will be deducted from my tax credit?
I'm a little confused.
Thanks for the help.

relax carry on

madsojfduih wrote: »

Hello. I'd be very grateful if someone could explain to me something about my P60 and P21. As a student, I started a part-time job in 2018. My P60 claims that I earned about 2000 euros, about 100 higher than what I actually got paid. I checked where those exact money were deducted and it was the PRSI(EE) from my first payslip. My first question is what is this tax exactly? Should I have not paid any taxes since my very low income?
Then when I saw my P21, there was written that I did not pay any taxes and that I had about 400 tax due. Does that mean I have to give that amount back, or that it will be deducted from my tax credit?
I'm a little confused.
Thanks for the help.

PRSI isn't a tax, it's a social insurance contribution that you may pay depending on your weekly earnings.

http://m.welfare.ie/en/Pages/Class-B-2018.aspx

On page 1 of the p21 what does it say in the results box?

ismat

You will not owe any tax based on these earnings. If you contact the DSP they will tell you how to get a refund for the prsi you paid ( or do a search for PRSI refund )

paul71

ismat wrote: »

You will not owe any tax based on these earnings. If you contact the DSP they will tell you how to get a refund for the prsi you paid ( or do a search for PRSI refund )

The p21 will not calculate a €400 liability based only on the earnings the op stated, therefore there most be something else that the op has not told us.

You cannot state that there is no tax due in the absence of full income details and personal circumstances.

However at a GUESS, I would say the op is misreading the p21 reading the tax payable BEFORE credits, ie. €2,000 at 20% = €400. His personal tax credits would then be deducted from that if he has no other income and there is another column he has not read showing liability at €0.

madsojfduih

relax carry on wrote: »

PRSI isn't a tax, it's a social insurance contribution that you may pay depending on your weekly earnings.



On page 1 of the p21 what does it say in the results box?

it says 0.

madsojfduih

paul71 wrote: »

The p21 will not calculate a €400 liability based only on the earnings the op stated, therefore there most be something else that the op has not told us.

You cannot state that there is no tax due in the absence of full income details and personal circumstances.

However at a GUESS, I would say the op is misreading the p21 reading the tax payable BEFORE credits, ie. €2,000 at 20% = €400. His personal tax credits would then be deducted from that if he has no other income and there is another column he has not read showing liability at €0.

Maybe I am misreading. The 400 euros appear on the first page under :charged as follow €2,000 at 20% = €400. And under: tax due.

Ninthlife

madsojfduih wrote: »

Maybe I am misreading. The 400 euros appear on the first page under :charged as follow €2,000 at 20% = €400. And under: tax due.

2000@20%= 400

Then ypur take credits kick in which are more than enough to cover 400

No refund due

relax carry on

madsojfduih wrote: »

it says 0.

Which means Revenue don't owe you anything and you don't owe Revenue anything.