Ammended Tax Credit PUP recipient

Dempo1

Hi, apologies if I'm in the wrong forum.

Revenue have just issued me an amended Tax Credit certificate, all fine, just updating PUP earnings etc, but it still lists my former employer as being current. Its highly unlikely I'll be returning and there is a redundancy entitlement. I've not actually not worked for just shy of a year, I was due to return, then not and then unit / department I worked in closed.

I've just left details as are on Revenue account, was advised new employer (if and when) will add their details.

I'm just wondering, do I just leave things as they are or is it better just to advise Revenue, employer details they have are not correct and Job finished at this stage . I was concerned not to do anything that would affect my redundancy entitlement.

It's likely I'll have to go through social insurance fund , employer still trading but on a much reduced level .

Thank you 😊

Allinall

You are still technically employed by them, albeit not getting paid.

It is your employer that must remove you from their records with revenue.

Your entitlement to redundancy will only kick in when you are officially "Let go", so I would do nothing at this stage.

Dempo1

https://www.boards.ie/discussion/comment/117923512#Comment_117923512

Thanks so much for that, I wasn't entirely sure what if anything I needed to do.

Appreciate the response 😏

Driver1980

No point creating the same topic as I have a similar question.

So I was getting PUP until today, I closed the claim, coming back to work now, registered my new job on the revenue yesterday got the amended tax certificate. I was getting the reduced 300PUP euro for this year, heard the weekly tax credits would cover that on this reduced amount. On my amended tax credit I get this as follows:

Rate Band 1 35,300.00 This Rate Band is decreased by: DSP PUP Payment 13,000.00 The amount of your income taxable at 20% 22,300.00

All income over €22,300.00 is taxable at 40%

This measn I will be taxted now until the end of the year at 40%? Why is the credit reduced so much by PUP? and it says 13 000 , it's like I got the 300e PUP until the end of the year which i didn;t. Should I call the revenue and ask?

A bit worried now that I will be taxed at 40%...

Dempo1

https://www.boards.ie/discussion/comment/117925938#Comment_117925938

Mine reads the same albeit I'm still on PUP so not entirely sure why I received the amended tax free certificate today, unless it's just something revenue are updating .

My understanding was those on PUP would have their tax free alollowance reduced to make up for the fact PUP payment was not having tax deducted at source but was taxable and liability from last year payable over 4 years. I'm not a tax expert but it would seem likely that earnings over 22,300.00 would be taxable at 40% for the remainder of tax year obviously this based on a single persons income with no other allowances applicable, again just a guess, hopefully someone with more experience will follow up.

relax carry on

Revenue are not DSP. It take time for the updated information about the closure of PUP/any DSP claims to update on Revenues systems. In the absence of the update Revenue had added the PUP to the end of the year to your record as that's the way it's being taxed in 2021. It's explained in the link below. If you want to try to speed up the process of getting everything sorted, get something from DSP to provide to Revenue that show shows the claim is closed and what the total amount of payment received was.

https://www.revenue.ie/en/life-events-and-personal-circumstances/pup-tax-liability/how-pup-received-in-2021-is-taxed.aspx