Tax underpayment liability question

gooner99

Hi. I don't often log in to revenue as a PAYE worker. But I went in Today to claim some medical bills for 2020-2023.

On all years it's saying varying amounts of underpayment were made.

When submitting the medical claim you have to make a declaration.

How do you really know that your are/have been correctly accessed for tax?

Is this where using a third party to claim tax relief on medical bills comes in. Do they do a review your full tax liability?

relax carry on

https://www.boards.ie/discussion/2058337482/tax-underpayment-liability-question

When you login to your account and are attempting to review each year; you are presented with a preliminary tax result based on the information Revenue hold on you. Those underpayments are the preliminary results of what Revenue have on file for you. In order to confirm/alter those results, you need to file tax returns for the years in question. When you file your tax return(s) you can claim additional credits/reliefs and declare any additional income which could alter those preliminary results as all your income and tax details are taken into account when you file your tax return. This is exactly what those third party sites do. There is no magic that they do.

Allinall

If you’re a PAYE worker, just request balancing statements for the years where they are saying there are underpayments.

You can then check for yourself.

Geuze

https://www.boards.ie/discussion/2058337482/tax-underpayment-liability-question

No need for third parties.

Simply submit tax returns for each year.

gooner99

Thanks All.

Just another curious question.

How do we know that revenue are calculating our tax affairs correctly/accurately. Are they audited for this?

https://www.boards.ie/discussion/comment/121823105#Comment_121823105

The calculate the information based on the information provided to them by you/your employer.

Geuze

https://www.boards.ie/discussion/comment/121823105#Comment_121823105

You submit the tax return.

The employer tells Revenue how much you earned, that is pre-populated in your Form 12.

You add medical expenses, remote working, you add extra income, dividends, etc.

It is you who submits all the info to Revenue.

They then run the calculations, and issue a Balancing Statement / SoL.