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TAX RELIEF ON STUDENT FEES

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  • 18-05-2018 9:38pm
    #1
    Ronanh87
    Registered Users Posts: 26 ✭


    Is there a tax threshold one has to pay in order to be reimbursed tax relief.

    Iv made a claim for tax relief for each eligible year i both paid my fees and paid PAYE. Yet my p21 is still coming back as balanced.

    No where does it mention a threshold ,

    Just wondering if any one has any experience with this !


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  • Options
    #2
    ismat
    Registered Users Posts: 167 ✭✭ismat


    Are you including the registration fee of around 3k as part of your claim ? This is not allowed so you would only be able to claim for fees paid over and above that. How much are you actually claiming ?


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    #3
    Ronanh87
    Registered Users Posts: 26 ✭Ronanh87


    ismat wrote: »
    Are you including the registration fee of around 3k as part of your claim ? This is not allowed so you would only be able to claim for fees paid over and above that. How much are you actually claiming ?[/quote

    I paid 7000 so I'm due the 20% of the remainder.

    I'm wondering is there a threshold of tax you need to pay to become eligible for relief ?


  • Options
    #4
    amcalester
    Closed Accounts Posts: 4,121 ✭✭✭amcalester


    In your case it’d be €1400.

    You can only claim tax back if you’ve paid it in the first place.


  • Options
    #5
    ismat
    Registered Users Posts: 167 ✭✭ismat


    Ronanh87 wrote: »
    ismat wrote: »
    Are you including the registration fee of around 3k as part of your claim ? This is not allowed so you would only be able to claim for fees paid over and above that. How much are you actually claiming ?[/quote

    I paid 7000 so I'm due the 20% of the remainder.

    I'm wondering is there a threshold of tax you need to pay to become eligible for relief ?


  • Options
    #6
    ismat
    Registered Users Posts: 167 ✭✭ismat


    Based on that you are due back 7000 -3000 * 20% which would be 800. You would need to have Paid 800 in tax to get this refund. If you only paid say 450 in tax then the claim would be restricted to the 450. Assuming you have paid tax as opposed to usc or prsi then you must be completing the return incorrectly as the p21 will just reflect what Is input


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  • Options
    #7
    Ronanh87
    Registered Users Posts: 26 ✭Ronanh87


    amcalester wrote: »
    In your case it’d be €1400.

    You can only claim tax back if you’ve paid it in the first place.


    I paid 7000 so taking account the 3000 disregard amount I think I'm due 8.

    I paid tax that year , my queries is how much did I need to pay ? Is there a threshold of tax you need to pay to become eligible ?


  • Options
    #8
    Ronanh87
    Registered Users Posts: 26 ✭Ronanh87


    ismat wrote: »
    Based on that you are due back 7000 -3000 * 20% which would be 800. You would need to have Paid 800 in tax to get this refund. If you only paid say 450 in tax then the claim would be restricted to the 450. Assuming you have paid tax as opposed to usc or prsi then you must be completing the return incorrectly as the p21 will just reflect what Is input

    I'm sorry but it's not possible to fill the form in wrong online.

    It's just a matter of putting the figure in and ticking boxes. It doesn't let you move on until the information is in.


  • Options
    #9
    ismat
    Registered Users Posts: 167 ✭✭ismat


    Have you selected a claim for both the paye allowance and the single persons allowance. If you don’t claim these it could be impacting on the refund amount


  • Options
    #10
    Ronanh87
    Registered Users Posts: 26 ✭Ronanh87


    ismat wrote: »
    Have you selected a claim for both the paye allowance and the single persons allowance. If you don’t claim these it could be impacting on the refund amount


    Yes both.

    What's really puzzling is that Iv just reviewed each year there and in the declarations it shows that I'm after applying for tax relief for fees.

    But during the week when I received my p21 there was no mention of me making a claim for tax relief for fees.

    If I don't get a satisfactory response il ring them on Monday.


  • Options
    #11
    Ronanh87
    Registered Users Posts: 26 ✭Ronanh87


    So I received a p21 back for two of the years when my paye tax paid was low but still in the thousands and my final result was balanced .

    The year I paid most tax of all hasn't been returned yet so I'm suspecting there must be a threshold you need to meet.

    Will know more on Tuesday at the latest.


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  • Options
    #12
    The Phantom Jipper
    Registered Users Posts: 879 ✭✭✭The Phantom Jipper


    Apologies for popping my own query in here. It's much the same issue.

    I may be paying some of my partners fees in the near future. The fees are 12k and I would be paying 6k. Would I be right in saying that I'd get relief of €600 (6k - 3k disregard amount x 20%)? Does the fact that I'm paying half (and not the full amount)affect this in any way?


  • Options
    #13
    Nigel Fairservice
    Registered Users, Moderators, Regional Abroad Moderators Posts: 2,175 Mod ✭✭✭✭Nigel Fairservice


    Hi all, quick question about claiming this tax relief. I'm putting in my sister's claim for her as she got her P60 today. She started a course in September 2018 and paid fees of €7500. Of this amount I think only €7000 qualifies as qualifying fees. There is a disregard amount of €3000 which leaves an amount €4000 left to claim the 20% tax relief on. She only paid €600 odd in tax in 2018 so she will hopefully get this back.

    I was filling the P12 Form with the information from her P60. I went into the relief on tuition fees bit and there is asks 'Amount of qualifying tuition fees?'. I was wondering if I put in a figure €7000 here and let Revenue knock off the disregard amount or do I deduct the disregard amount myself and say that qualifying fees are €4000? Hopefully that makes sense.

    Thanks.


  • Options
    #14
    wally1990
    Registered Users Posts: 1,222 ✭✭✭wally1990


    Nigel Fairservice wrote: »
    Hi all, quick question about claiming this tax relief. I'm putting in my sister's claim for her as she got her P60 today. She started a course in September 2018 and paid fees of €7500. Of this amount I think only €7000 qualifies as qualifying fees. There is a disregard amount of €3000 which leaves an amount €4000 left to claim the 20% tax relief on. She only paid €600 odd in tax in 2018 so she will hopefully get this back.

    I was filling the P12 Form with the information from her P60. I went into the relief on tuition fees bit and there is asks 'Amount of qualifying tuition fees?'. I was wondering if I put in a figure €7000 here and let Revenue knock off the disregard amount or do I deduct the disregard amount myself and say that qualifying fees are €4000? Hopefully that makes sense.

    Thanks.

    You enter the full amount


  • Options
    #15
    FinnaldoX7
    Registered Users Posts: 3 ✭FinnaldoX7


    Ronanh87 wrote: »
    Is there a tax threshold one has to pay in order to be reimbursed tax relief.

    Iv made a claim for tax relief for each eligible year i both paid my fees and paid PAYE. Yet my p21 is still coming back as balanced.

    No where does it mention a threshold ,

    Just wondering if any one has any experience with this !

    Was there any update on this? Currently going through the same process. Received my P21 for 2018 but there was no mention of the tuition fees in Panel 6 even though I listed it as tax credit in the Form 12? Thanks.


  • Options
    #16
    caviardreams
    Registered Users Posts: 5,439 ✭✭✭caviardreams


    Does anyone know if the qualifying fees limit is €7,000 per year or for the entire course (all years combined)?


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