Student looking to claim tax back

bigmouth

Hi everyone. Because you are all so knowledgeable on the topic I thought I'd see if you could help me. I am a student working full time for the summer. I am being taxed on my salary. As far as I know I am not supposed to pay tax, or at least I can claim it back? Does anybody know how I go about claiming it back?

mokeymokey

goo into the tax office and they will set you st8 on whats what

bigmouth

Problem is I work the same hours as the people in the tax office. So that's not an option for me I'm afraid!

Stark

If it's your first time working then you may have to call in person. Otherwise they should be able to sort everything out over the phone for you. Try to have your PPS number handy as that speeds everything up big time.

bigmouth

It's not my first time working. Had not got my P45 immediately on hand when I started the new job. I fear this may have caused the problem, but if anyone could tell me what I do to claim back what they have already deducted, I'd be eternally grateful!!

Stark

If the HR department in your company is any way competent, they should be able to sort things out for you if you hand in your P45. After you hand it in, check your next payslip to make sure you got all your previous tax back and that you haven't been taxed for the current month. If there's any **** ups, then get onto the tax office about it.

bigmouth

Thanks!! That's a great help! Fingers crossed I get it back in the next pay cheque!

Repli

You might get taxed a small bit during the summer €5 or something, even after you get your emergency tax back, but again you can claim this back when you go back to college because they are treating your tax credits now as if you will be working full time for the rest of the year, but when you go back to college you will have all the unused tax credits from september -> december, so you can claim all the tax you paid back at the end of the year

Civilian_Target

If you've been paid from January and as long as you're not being paid in college and you keep the revenue up to date if you change address - you'll simply get a cheque in the post for all your tax next February. Makes a nice after-exams cash injection

If you do earn more than €16,000 in 2005 though you won't see it all come back. Not that you'd be worried if you have that much money

Victor

Civilian_Target wrote:

If you've been paid from January and as long as you're not being paid in college and you keep the revenue up to date if you change address - you'll simply get a cheque in the post for all your tax next February.

You have to make a return, they probably don't give it to you "just like that".

Lisapeep

If you've started work for the first time and have registered with the tax office, will your employer give you your P45 when you leave this first job? Because you wouldn't have given them a P45 at the beginning if it's your first time starting work!

Also, if you've registered with the tax office, will your employer automatically give you back any previously deducted emergency tax in your paycheck or do you need to ask for it?

This whole tax thing can be awfully confusing!

grimloch

My experience was that I, like yourself was on the emergency rate and even after I rang them up numerous times and still nothing, I think a certain amount lies with the employer.

When I changed jobs then the tax was actually dealt with without me even having to ask and I got a nice large cheque on payday. The employer SHOULD give it back automatically if I'm correct.

calhob_ie

Your employer will pay any overpaid tax back to you in your wages. They can only do this once they have recieved a notice of coding, (A letter telling them what tax benefits and rate apply to you), to recieve a notice of coding they either have to complete and return the relevant page on your P45 or complete a P? (can't remember the name of that one, 60 maybe) which is a request for a notice of coding from the tax office.

If your employer has completed and returned the relevant forms then its a waiting game from the tax office, in my experience its usually around 2-4wks depending on the workload at the tax office.

As for refunds when you finish working for the summer you won't automatically recieve a cheque in the post. You'll have to contact the tax office and request the relevant form to claim it back. If you don't it depends on the value of tax you've paid, a small amount will be credited back to you in your tax code next year (you'll pay less next year) whereas a larger amount will be sent by cheque at the end of the tax year, usually just after your employer completes and returns their P35.

calhob_ie

I'm too good to you scabby student lots.

Complete this form at least 4wks after you finish work and you can claim back overpaid tax in montly installments. Ie you'll get your weekly tax credit*4 every four weeks your unemployed until your overpaid tax is repaid to you. You have to keep submitting the forms though.

http://www.revenue.ie/pdf/p50_e.pdf

Or you could just leave it a few months, fill in the form and get it all back in one go. Depends how desperate for cash you are.

Repli

calhob_ie wrote:

http://www.revenue.ie/pdf/p50_e.pdf

Or you could just leave it a few months, fill in the form and get it all back in one go. Depends how desperate for cash you are.

Thanks. Every little helps when you are a student.. I worked full time last summer before going back to college in September and never bothered claiming the tax back because I didn't think it would be much.. but I was onto the tax office yesterday to get my P21 for the grant, and they told me I am owed €198 from last summer and will get a cheque in the post next week!

calhob_ie

Hope you student lots are claiming rent relief as well then if it all helps.

Thats worth about €180 a year off your tax if you stay in rented accomodation. I presume students can also claim it if they stay in rented accomodation and pay for it themselves. You'd have to look into that a bit further yourself though.

The forms a Rent1E though If memory serves.

Repli

I think most students would fall under the rent-a-room tax cut-off of €7,620 / year
http://www.oasis.gov.ie/housing/buying_a_house_or_flat/rent_a_room_scheme.html
Although saying that, if a few students were renting an apartment together, and the landlord is not resident in the apartment, would the relief be divided amongst the students?

calhob_ie

No that page relates to the landlord, the person renting the room to you. Not the person living in the rented accomodation.

According to this page:

http://www.oasis.gov.ie/housing/renting_a_flat_or_house/tax_relief_for_tenants.html?PHPSESSID=3348be7275a16eeb8d0b740c5b1cde34

Any person who lives in private rented accomodation is entitled to the rebate, currently worth €300. Not bad at all.

Theres a link to the Rent 1 form on that page. Be aware though that the form requires your landlords name,address and PPS number so if your landlord is a bit fly by night he will be less than willing to provide that info so you may be able to organise another "arrangement" with them, personally I'd go for a rent discount of the equivalent value.

calhob_ie

As far as I'm aware you can also claim Rent Relief retrospectively, though how many years you can go back before a cut off is reached I don't know.

Claiming approx €300 per year for the last 10yrs would make it a very worthwhile enterprise.

I'd def check that with the tax office.

eclectichoney

but i dont think u can claim prsi back

grimloch

eclectichoney wrote:

but i dont think u can claim prsi back

Don't think you can. It never comes near to what the PAYE is though luckily enough.

Stark

You can claim PRSI back in "goodies" form.

PAYE is money that goes to the government and is owned by the government.

PRSI is money that the government takes and keeps for your behalf in case of a rainy day (Pay Related Social Insurance). For example if you ended up unemployed after working, you can claim back increased unemployment assistance from the PRSI you paid. Every 6 months you're entitled to a checkup in the dentist which you can claim against PRSI (I think the dentist can do the claim work for you, saving you hassle). When you buy glasses, you're entitled to claim some of the cost back off PRSI.

The thing I don't like about PRSI is it's extremely difficult to know what can be claimed against it and what can't. The vast majority of people never claim what they're entitled to.

Lisapeep

So does emergency tax come back automatically in your wages?

Stark

If you hand in your P45 to your company's payroll/hr office and they don't **** it up - Yes.

Luckily I've had no **** ups in that regard, but if a **** up does occur, you should contact the tax office.

Lisapeep

But what if you've never worked before, and therefore don't have a P45? If you contact the tax office, do they send out a P45 to your place of emplyment?

Repli

No, they send a thing called a "Tax Cert" to you and another copy to your employer. It details all your tax credit entitlements

Lisapeep

So where does the P45 appear from then?

So many questions!

Stark

When you finish a job, your employer gives you a P45. You then give that P45 to your next employer when you start work again. If you've never worked before, you call into the tax office who issues you and your employer all the things you need to get started on the wonderful taxation system.