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2019 Tax Refund

  • 10-12-2019 12:39am
    #1
    markjack98
    Registered Users, Registered Users 2 Posts: 24 ✭


    Apologies if I get some terminology mixed up

    How soon can you generate your 2019 P21 end of year statement (in lieu of P60 issued by employer?) in 2020. Would it work on January 1st or do we need to wait a few weeks?

    I’m a student and I completed a few internships and changed part time job over the year so my tax credits are a bit messed up so I am correct to say that the end of year statement will calculate the total PAYE and USC due for the year based on the income from all my employers and then deduct the amount I have paid and issue a refund accordingly?

    Thanks in advance


Comments

  • #2
    The Diddakoi
    Registered Users, Registered Users 2 Posts: 488 ✭✭The Diddakoi


    Statement of Liability (new name for P21) should be available from 15th January 2020 under the new system.

    You are correct on what the review does.
    markjack98 wrote: »
    Apologies if I get some terminology mixed up

    How soon can you generate your 2019 P21 end of year statement (in lieu of P60 issued by employer?) in 2020. Would it work on January 1st or do we need to wait a few weeks?

    I’m a student and I completed a few internships and changed part time job over the year so my tax credits are a bit messed up so I am correct to say that the end of year statement will calculate the total PAYE and USC due for the year based on the income from all my employers and then deduct the amount I have paid and issue a refund accordingly?

    Thanks in advance


  • #3
    Tow
    Registered Users, Registered Users 2 Posts: 9,223 ✭✭✭Tow


    Your EDS (Employment Detail Summary) P60 replacements should appear on the 1st of January. Employers have until to 14th to make any corrections, so as Diddakoi says the 15th of January. Revenue will first require you to approve your employers figures, before generating a Statement of Liability or inform them why you think they are wrong. It is still possible for employers to make changes at any later stage, which will revise your EDS and thus Statement of Liability...

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



  • #4
    markjack98
    Registered Users, Registered Users 2 Posts: 24 ✭markjack98


    Perfect, much appreciated


  • #5
    fitzparker
    Registered Users, Registered Users 2 Posts: 1,230 ✭✭✭fitzparker


    sorry to Hijack the thread, Got married earlier in the year and applied for "Marriage Tax" before the cut off.

    Today I received "Tax Credit and Universal Social Charge Certificate − 2020"

    in it, it advises Net tax credit, which is calculated by taking gross tax credit away from gross tax credit reduction.

    is this figure how much I will save next year with the credit, or the refund I will get the start of the year? or something totally different.

    Thanks


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