Tax Calculation Thread

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...?

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

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

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

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.

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.

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.

That's literally not the way it works. If she has an active income tax registration for 2019 and has filed a form 11 for 2019 where she received a notice of assessment as the assessable spouse then she shouldn't be able to file another tax return under PAYE for 2019 via her Revenue MyAccount. If she can login to her revenue MyAccount and see the information you say; it means that whatever form 11 she filed isn't linked to her 2019 record. Contact Revenue to see why that is before you do anything else. The 31st deadline is not an issue in your circumstances.

Then the accountant made an error with who was the assessable spouse in the year it sounds. If you were set up as jointly assessed on Revenues systems, the system would pick up that one spouse had an active income tax registration in the year and wouldn't allow the other spouse to file a PAYE return. It would give and error message. Time to contact Revenue and find out what their records show for 2019 for both of you as it sounds like you have already filed a Joint assessment return but your spouse's records don't reflect that.

No

Quick question that I'm looking for a steer on. Due to Ill health I've retired early and I'm on the cusp of drawing down my pension. Will likely take the full amount in cash rather than buying an annuity.

I know I've got the 25% tax free and I'm due tax at marginal rate on the remainder. Is there any other allowance or tax reduction I can avail of to drop the balance of the tax owed?

Curreently taxed as a married couple with my credits allocated to the Mrs as I finished up and was placed on Invalidity Pension a couple of years ago.

Any steer would be appreciated.

Question on the WFH allowance. If I work out my electric amount paid for the days worked, do I deduct the govt credit on top or is this ignored ?

You don’t need to do any calculations for Remote Working Relief, the system will do all of that.

You need to input the amount you paid for each service being claimed for in the year and upload a copy of the bills to match the claim i.e. you upload all electricity, heating & broadband bills for 2022. (In terms of broadband if your supplier also provides you with a tv package, you enter the amount that’s for broadband only but you upload the invoice which displays the full amount including tv)

You have to enter the number of days you worked remotely in the year. You will also be asked if you received a contribution from your employer, if yes the amount received.

The system will do the rest.

I have a question on WFH releif.

I rent in Dublin and rent is part of bills so I don't see the bills.

I was hoping to just claim off my family home's bills even though I didn't make a financial contribution to them via offical channels anyay. I was home during 2020 working remotely and hve access to all the bills in my parants names. I have access to those for 2021/2022 as well.

I just want to see what revenue would think about this as they say you need to show evidence you contribated.

Its a pretty small amount probablly less than 100 quid per year but I am just worried if they audited.

Lads would anyone be able to do a quick calc for a combined PAYE & Ltd income in a year.

Income from PAYE would be €80,000

Income from Ltd 40,000

Pension Contribution from Ltd 24,000

High level would do.

Any advice appreciated.

Thanks I am familair with that website its very useful; but it doesnt allow you to include a Directors Pension from the Ltd earnings (That I can see).

It looks to mee that it only allows Pension contributions from the PAYE income