tax refund

edwardkiley

hello
i have just created a myaccount. i was just wondering how i go about claiming a tax refund?
also is there any restrictions on how often i can claim a tax refund like in a year or time period?
thanks

relax carry on

edwardkiley wrote: »

hello
i have just created a myaccount. i was just wondering how i go about claiming a tax refund?
also is there any restrictions on how often i can claim a tax refund like in a year or time period?
thanks

Well first of all in order to claim a refund of tax you must have paid tax in the tax year you are making the claim for. So if you are claiming say for 2018 then you need to have been working and paying tax in 2018.

Secondly, refunds of tax are based on you claiming an additional relief such as tax relief on health expenses; or you being on emergency tax for some reason and your employer not refunding it; or you being over taxed because your credits/rate band wasn't distributed efficiently between multiple jobs in the same tax year.

In order to claim you'll need to fill in a form 12 tax return for the tax year you are claiming for.

https://www.revenue.ie/en/online-services/services/paye-services/file-a-tax-return-form-12-for-paye-customers.aspx

edwardkiley

relax carry on wrote: »

Well first of all in order to claim a refund of tax you must have paid tax in the tax year you are making the claim for. So if you are claiming say for 2018 then you need to have been working and paying tax in 2018.

Secondly, refunds of tax are based on you claiming an additional relief such as tax relief on health expenses; or you being on emergency tax for some reason and your employer not refunding it; or you being over taxed because your credits/rate band wasn't distributed efficiently between multiple jobs in the same tax year.

In order to claim you'll need to fill in a form 12 tax return for the tax year you are claiming for.

https://www.revenue.ie/en/online-services/services/paye-services/file-a-tax-return-form-12-for-paye-customers.aspx

I only earn 20 euro a week. Half of it is being taxed.
Surely I will get back most of it?
Do you know how many times a year you can claim back? Can you only do it in a specific time period?

Stratvs

edwardkiley wrote: »

I only earn 20 euro a week. Half of it is being taxed.
Surely I will get back most of it?
Do you know how many times a year you can claim back? Can you only do it in a specific time period?

If you're only earning that and are paying half in tax then it looks like you're on emergency. Has your employer been given your PPS number. Have you contacted Revenue to get a Revenue Payroll Notification (RPN) issued to your employer? The employer will do what they are told by Revenue until told otherwise. Revenue need to be told what your circumstances are so as to know what instruction to issue. If you are not registered for Revenue MyAccount you should do so. You can also get Revenue contact details on their site under contact locator, put in your PPS number and it will give you the phone number to call to sort it.

If it's sorted in the current year and Revenue issue a cumulative cert then the employer can refund any excess. If it's week one then for the current year you'd have to wait until year end. If you have paid that in previous year then as other poster said you can do that on MyAccount by filing a form 12.

edwardkiley

my employer has my pps.
I have not contacted revenue yet about a RPN
I have registered for my account.

I will ring them

relax carry on

edwardkiley wrote: »

my employer has my pps.
I have not contacted revenue yet about a RPN
I have registered for my account.

I will ring them

Register your own employment and the RPN which issues to your employer will allow them to tax you correctly.

https://www.revenue.ie/en/jobs-and-pensions/emergency-tax/how-to-get-off-emergency-tax.aspx

kerrysoul

Is it possible to get a pro rata refund on cat paid if part of the inherited wealth is invested in agricultural land. I am a qualified farmer. I have tried to study the tax law and can really make sense of it. Thanks

namenotavailablE

As I read it, the inheritance must have contained a condition that the cash was to be invested in agricultural property- see the second paragraph of section 11.6.1 of this document:

https://www.revenue.ie/en/tax-professionals/tdm/capital-acquisitions-tax/cat-part11.pdf

I don't know if there's any concession for receiving an inheritance and then personally deciding to buy land or other agricultural property using part of it.

kerrysoul

namenotavailabl wrote: »

As I read it, the inheritance must have contained a condition that the cash was to be invested in agricultural property- see the second paragraph of section 11.6.1 of this document:

https://www.revenue.ie/en/tax-professionals/tdm/capital-acquisitions-tax/cat-part11.pdf

I don't know if there's any concession for receiving an inheritance and then personally deciding to buy land or other agricultural property using part of it.

Thanks for the reply.
Any idea what the Revenue require re proof that the gift was given with the intention that it be fully or partly invested in land.
Could the intention be implied.

namenotavailablE

I can't answer that definitively but I'd guess that as the relief is valuable that there would need to be something 'tangible/ in writing' available as at the date of the inheritance or gift indicating the desired use of the cash.
I'd say professional advice is best sought given the potential for bad outcomes.

kerrysoul

namenotavailabl wrote: »

I can't answer that definitively but I'd guess that as the relief is valuable that there would need to be something 'tangible/ in writing' available as at the date of the inheritance or gift indicating the desired use of the cash.
I'd say professional advice is best sought given the potential for bad outcomes.

Thanks for the advice. I'll get in touch with a tax accountant and try and find out how this exemption operates in practice. Sometimes it may require taking a chance and seeing if the revenue fly with it. I'll keep you posted.

Irelandswhereitsat

I am in a job 6 weeks, still on week 1 tax. I think I'm just realising tonight I'll have to wait until new year to get it fixed and refunded. My account tells you go to review your tax 2021 but the option is only there for 2020 and before. any help much appreciated

relax carry on

https://www.boards.ie/discussion/comment/118274798#Comment_118274798

You've already said what you've got to do. The reason you can only see up to 2020 right now is because 2021 is still active tax year. Once into 2022, the option for 2021 will be there.