Red Oak Tax Refunds Blog

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

Health Levy & Reducing it’s impact on your Salary

A few weeks ago we spoke about how fundamentals errors in the implementation of the Health Levy could result in a €1,000 gross pay rise could result in less money in your pocket after tax.  We hope the government clears up the impact of this in the forthcoming budget.  There are ways of decreasing the [...]

GP Locums subject to PAYE Tax

Courtesty of the Irish Medical Times, here is some important information for GP’s who hire locums for out of hours cover and indeed for the locums themselves:
http://www.imt.ie/news/2009/11/locums_must_have_paye_deducted.html
This will have a large impact on both the doctors and the locums.  Under PAYE the doctors will have to deduct PRSI, Health levy and income levy for the [...]

Income Tax Deadline Nov 2009

RedOakTaxRefunds Latest News.  Don’t forget that the income tax filing deadline for self-assesed persons is next Monday. For all of you who thought there was a lot of time left (like some of our clients!) I can tell you we’re very definately in the closing straight now! so sort out those final bits and pieces [...]

How a pay rise can leave you worse off

You can be up to €1,040 worse off for increase in salary in Health Levy fiasco.
Tax system means a €1,000 pay rise can leave you €290 worse off depending on how much you earn.
Lets see this in action and compare your take home pay from earning €25,000 versus €26,000.

So unbelievably a €1,000 payrise will leave [...]

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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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