Tax Code 'A'

The_Fitz

Hi folks,

Just a quick question as Google isn't helping me out at all. I've only been earning in the Republic since April, back then I was on tax code 1E which I presume is emergency, that i understand. Had no tax credits as I hadn't signed up to revenue to create a profile.

Rectified that and in May's payslip I got lots of money back and my tax code went to 'A'. It has been this ever since. When I put my salary into https://ie.thesalarycalculator.co.uk/ it doesn't tie up with what I actually get (I get more than the calculator says, and I don't want to have a big bill at the end of the year). The tax code is the only thing I can see that might be affecting this.

Cheers for any advice

namenotavailablE

You probably got a large refund due to accumulated tax credits due to you since January- your pay should nomralise if you're on a regular tax status.

That 'A' code sounds like a PRSI code (National Insurance equivalent)- most employees are PRSI class A (or A1 once their earnings hit a certain level)

On your payslip, do you see any of the following letters to describe your tax status: N; W1 or M1; E or possiblt the word 'Cumulative'? Ideally, you want to see 'N' (normal cumulative basis).
Your tax credits should be €3300 per year (€275 per month) and your standard rate band should be €35300 per year (€2,942 per month)- are these values shoing anywhere on your payslip?

If you download my spreadsheet URL="http://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm"]link[/URLand enter the details (particularly the start date of your employment) it should be pretty accurate. Alternatively provide details of your gross and tax status (single? employee? company director? public sector?) a calculation can be done.

The_Fitz

namenotavailabl wrote: »

You probably got a large refund due to accumulated tax credits due to you since January- your pay should nomralise if you're on a regular tax status.

That 'A' code sounds like a PRSI code (National Insurance equivalent)- most employees are PRSI class A (or A1 once their earnings hit a certain level)

On your payslip, do you see any of the following letters to describe your tax status: N; W1 or M1; E or possiblt the word 'Cumulative'? Ideally, you want to see 'N' (normal cumulative basis).
Your tax credits should be €3300 per year (€275 per month) and your standard rate band should be €35300 per year (€2,942 per month)- are these values shoing anywhere on your payslip?

If you download my spreadsheet URL="http://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm"]link[/URLand enter the details (particularly the start date of your employment) it should be pretty accurate. Alternatively provide details of your gross and tax status (single? employee? company director? public sector?) a calculation can be done.

Thanks for your response!

Tax Code = 'A'
PRSI Code = 'A1'
USC T/B - '0'
Tax Credit = '275.00'

So I get tax credits back from January even though I wasn't present then? Is it not just pro rata?

lashes34

The_Fitz wrote: »

Thanks for your response!

Tax Code = 'A'
PRSI Code = 'A1'
USC T/B - '0'
Tax Credit = '275.00'

So I get tax credits back from January even though I wasn't present then? Is it not just pro rata?

No - you get the year so you will pay less tax this year as its based on annual earnings even if your monthly wage doesnt change you will pay more tax in January.

namenotavailablE

Not 100% sure of what either tax code 'A' or the USC T/B of 0 value actually means (the USC looks odd to me but I'm not in payroll).

It seems to suggest that you don't have any exempt bands applying to the USC calculation- see here for what should apply when calculating the USC.

If the USC amount on your payslip is 8% of gross pay, it would suggest that you're still on the emergency tax regime. To get your tax situation 'normalised', see here

mogilvie

Register for myAccount. The Revenue employee self service portal.

https://www.ros.ie/myaccount-web/home.html

You can manage your tax credits, standard rate cut off points etc from there.

Mark
Parolla

The_Fitz

lashes34 wrote: »

No - you get the year so you will pay less tax this year as its based on annual earnings even if your monthly wage doesnt change you will pay more tax in January.

Ah ok. Think that makes sense.

Cheers for the info folks.