Red Oak Tax Refunds Blog

Latest News on Income Tax, Tax Refunds and money matters in Ireland

Dental benefits from PRSI

Are you paying for visits to your dentist which you should be receiving as a benefit for paying PRSI or for having a medical card?

What’s Covered
In general, a normal person with healthy teeth will get one dental examination and two cleanings per year. You’re also entitled to significant cost reductions on fillings/extraction/root canal and host [...]

Should I cash in my Policy?

Today, I received in the post a performance statement for a endowment insurance policy I took out 11.5 years ago.  €63.49 (or 50 of old money) paid monthly into a policy to mature after 20 years.
Usually they get rapidly filed away, but I decided for a change to do a personalised performance assessment and I [...]

Non Principal Private Residence €200 tax

Have you paid the new Non Principal Private Residence Tax Charge?  The deadline for this charge is the 30th September.
You can pay it online from  https://www.nppr.ie/
All you need to pay this is your PPS number, address of property and, of course, a bank card to pay for it.
We’ve used it a few times for our [...]

Luas bus crash – should have gone to specsavers!

Is this Photoshopped – Specsavers couldn’t have been that lucky!

How will NAMA affect Property Market?

NAMA and the Property Market
The announcement of the Nama deal with the banks yesterday focussed on the impact on the banks.
But probably the greatest impact the change will have is on the Property Market.  If you take into account NAMA, proposed water charges and property tax and possible changes in Stamp duty, we are entering [...]

Equitable but not Neutral

Just some quick thoughts on the Commission on Taxation and Stamp Duty.
One of the main thrusts of the commission on taxation is that its purpose was not to increase the tax burden, but rather to distribute it more fairly.
However at the time the commission was put together, Stamp Duty produced a huge portion of the [...]

Breaking Down Redundancy Payments

We’re introducing a redundancy section to our website to help explain a difficult and stressful topic.  We will of course be focussing on Tax issues associated with Redundancy, but will look at other parts also.
Firstly, we would like to introduce an overview of Redundancy and Tax.  Redundancy taxation is usually presented in a big pile [...]

Tax Commission inconsistencies

Going through the Commission on Taxation report now and I’ll post some thoughts here.
Child Benefit v Maternity Benefit
First up, surprised to see the commission recommend some form of taxation of child benefit, but declare that Maternity Benefit should not be taxable.  Why is this?  Why are they given distinct treatments?
I’d appreciate your views as to [...]

Commission on Taxation Report published

Government approach to public consumption of reports findings
The commission on taxation report will be officially released today and it will be extensively covered in all medias.
There was initial talk that the findings would not be released and held for private use for the government in allowing them to make decisions in the next and following [...]

Don’t bin service charges tax refunds

Are we throwing money in the bin by not claiming tax refunds for the cost of our waste disposal?
This is one of the more commonly claimed tax credits, but still a large % of home owners and renters miss out on this.
Very simply?  if you are paid any amount up €400 on waste disposal in [...]

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Welcome to the Red Oak Tax Refund Blog, where we will discuss money matters, tax and in particular tax refunds relating to PAYE employment in Ireland. If you have any topics you would like discussed, send us a mail to refunds@redoaktaxrefunds.ie and happy reading!.

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