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ABOLITION OF FLAT RATE EXPENSES!!

  • 23-11-2019 1:02am
    #1
    acequion
    Registered Users Posts: 3,826 ✭✭✭


    I just heard about this yesterday and am amazed at the lack of noise about it!

    But it's such a stealth move that it's possible many teachers still don't know about it. If so, people need to wake up and stop this latest disgraceful pay cut in its tracks! That is if you want to hang on to your €518 annual flat rate expenses which I presume you do! So please sign the petition to the Minister [link below] at change.org:

    https://www.change.org/p/joe-mchugh-minister-for-education-stop-abolition-of-flat-rate-expenses-for-teachers


    And also write to your local Tds to make it clear how this latest attack on low and middle income earners is both unacceptable and political suicide for them just before an election.

    This really is a galling grab and run attack and people need to get off their asses and PROTEST.


Comments

  • #2
    km79
    Registered Users Posts: 48,131 ✭✭✭✭km79


    acequion wrote: »
    I just heard about this yesterday and am amazed at the lack of noise about it!

    But it's such a stealth move that it's possible many teachers still don't know about it. If so, people need to wake up and stop this latest disgraceful pay cut in its tracks! That is if you want to hang on to your €518 annual flat rate expenses which I presume you do! So please sign the petition to the Minister [link below] at change.org:

    https://www.change.org/p/joe-mchugh-minister-for-education-stop-abolition-of-flat-rate-expenses-for-teachers


    And also write to your local Tds to make it clear how this latest attack on low and middle income earners is both unacceptable and political suicide for them just before an election.

    This really is a galling grab and run attack and people need to get off their asses and PROTEST.

    I have already signed petition after a colleague posted link on Facebook
    However after that I did some googling and all I can find on it it this
    https://www.google.ie/amp/s/www.irishtimes.com/business/personal-finance/q-a-what-is-happening-with-flat-rate-expenses-and-how-you-could-lose-out-1.4082949%3fmode=amp

    It’s not decided and won’t be known until mid December if it’s going ahead
    Teachers are not one of the groups mentioned so let’s hope this remains the case


  • #3
    spurious
    Moderators, Category Moderators, Education Moderators Posts: 27,103 CMod ✭✭✭✭spurious


    I am registered for tax and have to fill in an 'expected' return a year in advance and no matter what I did, my flat rate expenses kept being changed by their automatic system to one hundred and something for the 2019 return, due in 2020.


  • #4
    Geuze
    Registered Users Posts: 13,047 ✭✭✭✭Geuze


    spurious wrote: »
    I am registered for tax and have to fill in an 'expected' return a year in advance and no matter what I did, my flat rate expenses kept being changed by their automatic system to one hundred and something for the 2019 return, due in 2020.

    The 518 tax allowance is actually implemented as follows:

    103.60 tax credit (i.e. 20% of the tax allowance)

    103.60 increase in SRCOP


  • #5
    spurious
    Moderators, Category Moderators, Education Moderators Posts: 27,103 CMod ✭✭✭✭spurious


    I must admit I had to google SRCOP (Standard rate cut off point).
    Thanks for that, so all is in order then?


  • #6
    km79
    Registered Users Posts: 48,131 ✭✭✭✭km79


    km79 wrote: »
    I have already signed petition after a colleague posted link on Facebook
    However after that I did some googling and all I can find on it it this
    https://www.google.ie/amp/s/www.irishtimes.com/business/personal-finance/q-a-what-is-happening-with-flat-rate-expenses-and-how-you-could-lose-out-1.4082949%3fmode=amp

    It’s not decided and won’t be known until mid December if it’s going ahead
    Teachers are not one of the groups mentioned so let’s hope this remains the case

    https://m.independent.ie/irish-news/politics/reprieve-for-thousands-of-workers-on-flat-rate-allowances-as-revenue-announce-no-changes-until-2021-38757165.html
    No changes


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  • #7
    Happy4all
    Closed Accounts Posts: 2,089 ✭✭✭Happy4all


    acequion wrote: »
    I just heard about this yesterday and am amazed at the lack of noise about it!

    But it's such a stealth move that it's possible many teachers still don't know about it. If so, people need to wake up and stop this latest disgraceful pay cut in its tracks! That is if you want to hang on to your €518 annual flat rate expenses which I presume you do! So please sign the petition to the Minister [link below] at change.org:

    https://www.change.org/p/joe-mchugh-minister-for-education-stop-abolition-of-flat-rate-expenses-for-teachers


    And also write to your local Tds to make it clear how this latest attack on low and middle income earners is both unacceptable and political suicide for them just before an election.

    This really is a galling grab and run attack and people need to get off their asses and PROTEST.

    Dear teacher,

    Why should you get €518 and others who work every bit as hard get nothing ?


  • #8
    byhookorbycrook
    Moderators, Education Moderators, Regional South East Moderators Posts: 12,475 Mod ✭✭✭✭byhookorbycrook


    Happy4all wrote: »
    Dear teacher,

    Why should you get €518 and others who work every bit as hard get nothing ?

    Well, for starters, we invariably end up spending a lot of our own money for basic school supplies.
    But in any case it's not "just" teachers who get this allowance:

    https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/documents/flat-rate-expenses.pdf


  • #9
    Happy4all
    Closed Accounts Posts: 2,089 ✭✭✭Happy4all


    byhookorbycrook wrote: »
    Well, for starters, we invariably end up spending a lot of our own money for basic school supplies.
    But in any case it's not "just" teachers who get this allowance:

    https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/documents/flat-rate-expenses.pdf

    I'm very well aware of all employments that do and don't get flat rate expenses. If I recall correctly, the boys and girls in the RTE orchestra do well we'll for their troubles


  • #10
    strawberrie
    Registered Users Posts: 180 ✭✭strawberrie


    https://www.into.ie/?p=15232&preview=true

    They have rolled back on the cut!


  • #11
    Treppen
    Registered Users Posts: 4,552 ✭✭✭Treppen


    Happy4all wrote: »
    I'm very well aware of all employments that do and don't get flat rate expenses. If I recall correctly, the boys and girls in the RTE orchestra do well we'll for their troubles

    ?
    230114_908223010.png


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  • #12
    amacca
    Registered Users Posts: 6,742 ✭✭✭amacca


    Geuze wrote: »
    The 518 tax allowance is actually implemented as follows:

    103.60 tax credit (i.e. 20% of the tax allowance)

    103.60 increase in SRCOP

    Would anyone be in a position to explain how 518 euro in flat rate expenses turns into the above?

    I'm not understanding it....on my OHs tax certificate flat rate expenses shows up as 121 euros

    is it taxed at 50% and then you are given the other 50% back split across a tax credit and srcop or some arrangement like that?

    they do like to make these things arcane dont they?


  • #13
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    amacca wrote: »
    Would anyone be in a position to explain how 518 euro in flat rate expenses turns into the above?

    I'm not understanding it....on my OHs tax certificate flat rate expenses shows up as 121 euros

    is it taxed at 50% and then you are given the other 50% back split across a tax credit and srcop or some arrangement like that?

    they do like to make these things arcane dont they?

    They told me they raise my 20% band by €608 and then minus €121.60 from tax liability as a tax credit.


  • #14
    amacca
    Registered Users Posts: 6,742 ✭✭✭amacca


    Millem wrote: »
    They told me they raise my 20% band by €608 and then minus €121.60 from tax liability as a tax credit.

    Thank you. Id love to know why they do it that way?

    Why not just raise the 20% band by the 518?

    Is it somthing to do with USC I wonder?


  • #15
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    amacca wrote: »
    Thank you. Id love to know why they do it that way?

    Why not just raise the 20% band by the 518?

    Is it somthing to do with USC I wonder?

    No idea? I get the €608 flat rate expenses.


  • #16
    Geuze
    Registered Users Posts: 13,047 ✭✭✭✭Geuze


    amacca wrote: »
    Would anyone be in a position to explain how 518 euro in flat rate expenses turns into the above?

    I'm not understanding it....on my OHs tax certificate flat rate expenses shows up as 121 euros

    is it taxed at 50% and then you are given the other 50% back split across a tax credit and srcop or some arrangement like that?

    they do like to make these things arcane dont they?

    They increase the band by 518, that means you pay 20% instead of 40% tax on that 518, so that means you save 20% of the 518.

    Then, they also give you (0.20)(518) = 103.60 as a tax credit, that is the other 20%.


  • #17
    amacca
    Registered Users Posts: 6,742 ✭✭✭amacca


    Geuze wrote: »
    They increase the band by 518, that means you pay 20% instead of 40% tax on that 518, so that means you save 20% of the 518.

    Then, they also give you (0.20)(518) = 103.60 as a tax credit, that is the other 20%.

    Thank you...so a quick way to check if you are receiving the correct expense is to check if what appears beside flat rate expenses on the cert is 20% of what the total should be.


  • #18
    wingnut
    Registered Users Posts: 1,937 ✭✭✭wingnut


    Happy4all wrote: »
    Dear teacher,

    Why should you get €518 and others who work every bit as hard get nothing ?

    Why don't teachers get bonus payments no matter how well they or their school performs.

    Why don't teachers get company cars / paid for Christmas parties.

    Every job is paid differently.


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