Tax Question

DamienH

Hey, I am 17 years old and am working. Today I got my first pay-cheque and I got charged about €40 PAYE and €7 PRSI. Am I able to claim back the PAYE in the tax office or have I heard wrong. I only on about €280 a week so to take almost 20% from a 17 year old seems a but much. If anyone can help me out I'd really appreciate it. Thanks

newgrange

Go into the tax office. They will sort you out.

blahblah06

prob better of in the biz/work forum

DamienH

Nice one thanks. I'll go in tomorrow if it's open. I suppose I'll bring my pay slips and pps number and stuff

krattapopov

are you on emergency tax?

DamienH

i don't have a clue tbh

newgrange

If you haven't had any contact with the tax office, you are probably on emergency tax. Look at it as forced saving. You will probably not pay any tax at all this year as there are only a few months left and you will have a full year's allowance once they get you organised.
They are usually very good in the tax office - especially at rooting out money they owe you, though if you've only started work, this won't apply to you.

JungleBunny

I got all my tax back when I was a student.
Call the tax office and ask for a P50 (i think that's the one anyway). You will also need either your P45 or P60 from your employer at some stage.
You should be entitled to all taxes paid.

The Sweeper

OP, you're entitled to a tax-free allowance for the year. You can earn up to that amount and not pay tax.

So far this year, you'll have accumulated the tax-free allowance from January - September. At the moment, you're probably being emergency taxed - this means the you get hit for the highest amount of tax you'd be likely to pay. It's not a bad thing - it means you'll not owe the revenue money once your tax is sorted!

I believe you cannot claim back your tax until you've either left your job or the tax year is over. You need either a P45, or a P60. The P45 is the form you get when you leave your job. The P60 is the form you get at the end of a tax year that shows all of your earnings and all of your tax and other contributions during the preceding tax year. If you either go back to full-time education or the tax year ends, then you can go into the tax office, complete a form and submit it with your paperwork so that the tax office can calculate a refund.

Otherwise, welcome to the real world. The best thing to do with your gross wages is learn to calculate 66% in your head, and budget on that.

Beruthiel

everyone gets hit with emergency tax when starting a new job.
once your tax has been sorted out by the tax office, if you have paid more tax than you should, you will get it back in a lump some.
as everyone else has said, go to the tax office to sort out your tax rate.
Allow anywhere from 10 days to six weeks for this to happen, tax office people are not known for working too hard....

Oriel

DamienH wrote:

to take almost 20% from a 17 year old seems a bit much.

Welcome to the world of tax. Enjoy your stay.

cooperguy

it doesnt matter what age you are if you earn more than your tax credits allow then you will be taxed. But you are probably on emergency tax at the moment so you should get some or all of it back.

nesf

Moved to Work.


While you are there, check out a the tax sticky at the top of the forum. It's got some decent links about this kind of stuff in it.

Hobart

Not everybody is put on emergency tax from day 1. If you have a tax credit cert from the revenue, then that is what your deductions will be based on. If you do not have 1 contact the revenue at www.revenue.ie and they will supply you with 1, normally within 10 days. I deal with the revenue quite a bit (I'm self-employed) and they are actually very very efficent.

Emergency tax is also a gradual process. Your first emergency tax deduction being the least amount you will be deducted whilst on emergency tax.

MAJD gives a good indication of where you should be thinking in relation to your earnings (60%).