Tax Calculation Thread

https://www.boards.ie/discussion/comment/119807552#Comment_119807552

She is registered, it's there in My Account->Review your Taxes 2018-2021, her PAYE income for the past 4 years. It said overpayment for 2019, and to claim overpayment you must request a statement of liability.. When I go into that it shows her PAYE income and then says that the rental income for 2019 is on record, and asks to enter that aswell. Since it's already been done on a form 11, I don't know if I put the rental income in, will it be taxed as new?

Is the 31st the deadline to claim this for 2019 or is it the end of the calendar year (for PAYE overpayment)

relax carry on

https://www.boards.ie/discussion/comment/119806915#Comment_119806915

Then Revenue don't have her registered for income tax in 2019. You can only file via MyAccount if you aren't registered for income tax or jointly assessed with someone who is. So who was registered for income tax in 2019 and who was the assessable spouse on the form 11? You'll need to speak with Revenue to figure out what their records show for 2019.

https://www.boards.ie/discussion/comment/119806848#Comment_119806848

Revenue sent a letter about an overpayment on the PAYE account for 2019 and that is must be claimed this year or it can't be claimed. (But to claim it must be done on my account, I believe this was recently introduced).

relax carry on

https://www.boards.ie/discussion/comment/119805055#Comment_119805055

I don't see how she can file a PAYE return via MyAccount when you've already filed a jointly assessed form 11 for both of you for the same year? That shouldn't be possible. You should be getting an error message telling you you or your spouse were registered for it in the year.

https://www.boards.ie/discussion/comment/119804715#Comment_119804715

Thanks for replying. Yes it was a joint assessment form 11 with both PAYE Incomes itemised. It was done by an accountant for that year. It got a tax clearance number.

In her My Account to file the PAYE for the year it also has the wrong rental income number pre populated (which can be changed). Waiting on revenue to reply to my enquiry but who knows when that will happen. It seems weird to declare it twice, considering that's the whole point of the Form 11.

https://www.boards.ie/discussion/comment/119801351#Comment_119801351

The Form 11 that was filed for 2019, does this contain only the income in relation to the rental income? Is the PAYE income not included on this?

She should amend the Form 11 that was submitted in 2019 to reflect both the PAYE and rental income, that is what would be correct. I can't say if overall there will still be an under or over payment.

My wife is trying to file her PAYE for 2019 to claim an overpayment. We are joint assessed on rental income from a property she shares with her siblings. It has been declared and taxed on a form 11 for 2019. On her My Account PAYE, it's prompting her to declare this rental income for 2019 (as it was on record). Should she declare and file even if it's been declared on a form 11? Will this effect her liability for 2019?

limos

I have been having the same problem my wife got an increase in august then I got stung and ended up with no wages one week due to no communication between revenue workers, do you know if its better to use the increased rate of tax and not claim the home carers rate as my 20% tax band has been reduced to 28k, i cannot find any where that tells me which would be better, i emailed revenue they said to leave it until next year and then decide.

limos

A quick question if any one can help, I have had my tax rate band reduced by my wife’s carers allowance and she was given 1700 credit, would it be better to swap to the increased tax rate band for a married couple, as I am down from 45k at 20% to 28k everything else is at 40%

I can only imagine the deadline is the same, they perhaps haven't stated the deadline is the same whether filing a Form 12 through My Account or a Form 11 through ROS as there is probably so few who file anything via My Account other than basic PAYE info and medical expenses

tmh106

Thanks @SureYWouldntYa . I did see find that page on the Revenue website, but what made me a little unsure is it references ROS customers whereas I am a My Account customer. My understanding is ROS is more for business owners/self assessed whereas My Account is for PAYE who may have some non PAYE income to declare. But I expect I am overthinking it and the date applies to returns done through either ROS or My Account.

https://www.boards.ie/discussion/comment/119724981#Comment_119724981

You're right. The deadline is October 31st, but there is an extension if filing and paying online, this year it is to Nov 16th

I assume it's done like this as 20 years ago they probably wanted to incentivise online returns, although most would be done online now

See below from Revenue

https://www.revenue.ie/en/tax-professionals/ebrief/2022/no-0882022.aspx

tmh106

For a PAYE worker, what is the deadline for doing return for 2021 (I have a small amount of US dividend income from 2021 to declare). The date on the Revenue website is 31st October, but in previous years I thought this was extended into mid-November if you did the return electronically via My Account. However I can find no information on the Revenue website of this extension for electronic filing. Is anyone able to confirm if I am correct? Thanks.

Yes, your preliminary tax requirement would be zero, no requirement to pay anything

Lord TSC

Quick question about preliminary tax.

I'm declaring losses this year for my business for the first time (Covid and Brexit were real bastards).

Given my tax liabilities are 0 as a result of that (if I've done my calculations correctly), can I say my preliminary tax would also be 0? Given the rule is (re-quoting above) "You pay 90% of the current year, 100% of the previous year, or 105% of the pre-preceeding year. Pick whichever one is most advantageous.", the reality is two of those numbers would both be 0 for me :/

Just another few quick things i wanted to ask if somebody might know the answers.

My wife isn't a PAYE worker so hasn't a tax band. Am I correct in thinking that whatever she gets from her carers allowance in a year reduces my lower tax band threshold by the same amount? I take it that she is not entitled to her own tax band.

Also they gave my wife 1700 tax credits presumably because my wife is now earning an income, but then took away 3648.40 tax credits because of the carers allowance. Does anybody know the reason behind this?

Thanks to everybody for their responses. I'm a bit dim when it comes to all this taxation.

https://www.boards.ie/discussion/comment/119556405#Comment_119556405

My amended tax certificate actually says its for the period 30 August to 31 December on a week 1/ month 1 basis.

Wasn't quite sure what it ment but after having a quick Google it seems I might not get screwed over for the next few weeks.

ari101

Maybe ask to be put on a week1/month1 basis if they can't amend the amount til year end. Then at least you won't lose all pay in a cumulative catch up...?

You could easily get a different response from someone else if you ring again with Revenue, they seem to just want to get you off the phone asap

I'm surprised they've reduced it by the amount as if she was to earn it for a full year, at least the weekly rate from now until the end of the year would make some sense

I'd try ringing again if you can, you could get someone more helpful

https://www.boards.ie/discussion/comment/119546424#Comment_119546424

After speaking to somebody in revenue it seems that they have reduced my 20% band by 17342 whice is the amount of carers allowance that my wife would receive in a full year even though she is only gonna receive about 3500 this year. They said that they couldn't ammend their figures and I would have to claim all the excess tax that I have paid because of this in January.

I tried explaining that I probably won't earn a wage for the next few weeks because of this and he basically said tough **** and to claim it all back in January.

[Deleted User]

Sounds like an error on Revenue side. You should still have your standard tax band to €45,800. Was she claiming the home carer tax credit before being granted the carers allowance? Stay on the phone to Revenue, they'll sort it out quickly for you.

https://www.boards.ie/discussion/comment/119546127#Comment_119546127

There hasn't been a new tax cert issued yet. As we are jointly assessed I can look at her tax details when I log on to my account and it doesn't have a tax band for her. It's just blank.

Tried ringing but as soon as the lines open there is a recorded message saying they have a high volume of callers waiting and can't take my call.

I've left a message on the enquiry part of the site but am still waiting to hear back.

I assumed once she was granted carers allowance we could earn up to about 70000 in the lower band.

As it stands now, we could nearly be worse off.

Edit: I've just recieved my amended certificate and the have reduced my band by the same amount that my wife would receive from her carers grant in a full year.

Should it not get reduced by the amount she will receive this year?

Plus, should she have her own tax band?

ari101

Carers allowance is taxed by reduction of tax band and credits, but the amount/allocation of the change seems high.

Has a new tax credit cert issued in your Revenue MyAccount - that should show the amount deducted and why, does this agree to the rate she has been approved for.

You can contact revenue and query if it doesn't add up. I would expect to see her band reduced noticably and the tax credits needed to cover it could spill over into those allocated to you also.