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Incorrect Gross Income on End of Year Statement

  • 09-01-2020 10:00am
    #1
    Registered Users, Registered Users 2 Posts: 776 ✭✭✭


    Hi all,
    I logged into the Revenue website in the new year to check out my end of year statement as I'm preparing to apply for a mortgage in the near future and noticed that my gross income for the year seemed a bit high. I checked through the payslips submitted to Revenue that they had listed on the site and noticed that the last payment of the year is listed twice.

    Basically I had unused holidays, and whenever we have unused holidays my employer pays us the extra money at the end of the year. Because of this, my last payment of the year was X amount of unused holiday pay + my normal week's wages.

    Does anyone know what I'm supposed to do in this case? I've already contacted my employer and she's passed the information over to the accountant. There were a few other issues such as a week's wages not being paid before Christmas and me not receiving some of my payslips via e-mail, but all of those issues have been sorted as of yesterday. However, my end of year statement is still showing me as receiving almost €2,000 more gross income than I actually got.

    I think you can edit your declared income yourself on the Revenue website, but I'm not 100% sure on that, and I don't want to do it before knowing for sure if that's what I'm supposed to do or not.

    So is this something I need to sort out myself or is it something the company accountant can do now that she's aware of it?

    Thanks for any help anybody can give.


Comments

  • Registered Users, Registered Users 2 Posts: 618 ✭✭✭iluvfatfrogs


    Jafin wrote: »
    Hi all,
    I logged into the Revenue website in the new year to check out my end of year statement as I'm preparing to apply for a mortgage in the near future and noticed that my gross income for the year seemed a bit high. I checked through the payslips submitted to Revenue that they had listed on the site and noticed that the last payment of the year is listed twice.

    Basically I had unused holidays, and whenever we have unused holidays my employer pays us the extra money at the end of the year. Because of this, my last payment of the year was X amount of unused holiday pay + my normal week's wages.

    Does anyone know what I'm supposed to do in this case? I've already contacted my employer and she's passed the information over to the accountant. There were a few other issues such as a week's wages not being paid before Christmas and me not receiving some of my payslips via e-mail, but all of those issues have been sorted as of yesterday. However, my end of year statement is still showing me as receiving almost €2,000 more gross income than I actually got.

    I think you can edit your declared income yourself on the Revenue website, but I'm not 100% sure on that, and I don't want to do it before knowing for sure if that's what I'm supposed to do or not.

    So is this something I need to sort out myself or is it something the company accountant can do now that she's aware of it?

    Thanks for any help anybody can give.

    Just to clarify is the gross income on the statements more than you actually got
    or
    is it your normal gross salary plus the payments you received for annual leave not taken?


  • Registered Users, Registered Users 2 Posts: 776 ✭✭✭Jafin


    Just to clarify is the gross income on the statements more than you actually got
    or
    is it your normal gross salary plus the payments you received for annual leave not taken?

    The gross income on the statement includes everything I received for the entire year, including the payment for the annual leave not taken. The final payment for the year submitted to Revenue was payment for the untaken leave + one week's wages all in one payment, but that payment seems to have been submitted to Revenue twice. I received the actual payment once.

    Sorry, I hope I'm explaining that correctly. If it's still unclear please do let me know.


  • Registered Users, Registered Users 2 Posts: 618 ✭✭✭iluvfatfrogs


    Jafin wrote: »
    The gross income on the statement includes everything I received for the entire year, including the payment for the annual leave not taken. The final payment for the year submitted to Revenue was payment for the untaken leave + one week's wages all in one payment, but that payment seems to have been submitted to Revenue twice. I received the actual payment once.

    Sorry, I hope I'm explaining that correctly. If it's still unclear please do let me know.

    If the Gross is correct, all should be OK.
    Maybe the wages were submitted and then amended but not showing correctly yet


  • Registered Users, Registered Users 2 Posts: 776 ✭✭✭Jafin


    If the Gross is correct, all should be OK.
    Maybe the wages were submitted and then amended but not showing correctly yet

    Ok sorry I don't think I'm explaining properly. I'm going to use some fake figures to explain it better.
    My end of year statement (the thing that replaced the P60) is showing my total, gross income (absolutely everything included) as €32,809.52. I knew for a fact this was too high, so I have now gone back and added up every single individual payment listed on Revenue that I received for this year. The total adds up to the amount above but the final payment I got for the year (let's say it's €1,842.66) is listed on Revenue twice. I only received this payment once (which I was supposed to). If I remove one of those payments from my gross income then the total comes to €30,966.86. This is the figure I actually received, not the €32,809.52.

    My question is do I rectify this myself by contacting revenue or is it something the accountant does? (If you know)

    tl;dr Revenue thinks my gross income was €32,809.86, but it was actually €30,966.86. How do I fix it?


  • Registered Users, Registered Users 2 Posts: 618 ✭✭✭iluvfatfrogs


    Jafin wrote: »
    Ok sorry I don't think I'm explaining properly. I'm going to use some fake figures to explain it better.
    My end of year statement (the thing that replaced the P60) is showing my total, gross income (absolutely everything included) as €32,809.52. I knew for a fact this was too high, so I have now gone back and added up every single individual payment listed on Revenue that I received for this year. The total adds up to the amount above but the final payment I got for the year (let's say it's €1,842.66) is listed on Revenue twice. I only received this payment once (which I was supposed to). If I remove one of those payments from my gross income then the total comes to €30,966.86. This is the figure I actually received, not the €32,809.52.

    My question is do I rectify this myself by contacting revenue or is it something the accountant does? (If you know)

    tl;dr Revenue thinks my gross income was €32,809.86, but it was actually €30,966.86. How do I fix it?

    Sounds like the payroll processor duplicated the wages sent to Revenue but this isn't easily done under the new system.

    They also may have included 2020 W1 wages in 2019 in error.

    You'll have to get them to sort it though.


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  • Registered Users, Registered Users 2 Posts: 776 ✭✭✭Jafin


    Sounds like the payroll processor duplicated the wages sent to Revenue but this isn't easily done under the new system.

    They also may have included 2020 W1 wages in 2019 in error.

    You'll have to get them to sort it though.

    Ok thanks for the info. I'll make sure that the accountant knows about it. :)


  • Registered Users, Registered Users 2 Posts: 1,339 ✭✭✭Viscount Aggro


    The gross figures sent to Revenue do not show any deductions for AVCs deducted from gross salary.
    Thats a whole lot of extra work involved to work out the actual taxable salary for tax returns.


  • Registered Users, Registered Users 2 Posts: 776 ✭✭✭Jafin


    The gross figures sent to Revenue do not show any deductions for AVCs deducted from gross salary.
    Thats a whole lot of extra work involved to work out the actual taxable salary for tax returns.

    Oh I know. What I'm saying is that a payment I received once was reported to Revenue twice, so they think I made more money that I did. This is all before any tax is taken into account. The tax itself is not an issue, it's that my income for the year was reported as being higher than it was.


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