Tuesday 21st May 2013

Category Archives: Paye Tax

Example refund of Income Levy

Example of a Tax Refund of Income Levy available to the holder of a Medical Card, Continue reading

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What’s Changed in your Payslip in 2013?

New Year, New Payslip – and we all sit down and wonder “Why is that Different?”! When FF were in Govt they hit tax credits hard, the current FG/Lab administration have mostly looked elsewhere.   None the less,  most people … Continue reading

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PRSI Refunds News

26,000 receive PRSI Refunds A Story that was quietly building across the last few months broke loose today, as it was reported that more than 26,000 people shared in PRSI refunds of over €10m. Exempt from Health Levy The main … Continue reading

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2012 Tax Refunds

Claiming Tax Back from your P60 in 2012 Most people (in the private sector at least) will see their P60′s arrive now or in the next few weeks, as the Tax Refunds season starts.   So what are we expecting … Continue reading

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Budget 2012 – Possible PRSI Changes

PAYE Taxpayers to be charged PRSI on Unearned Income? It has been confirmed that PAYE tax will not be subject to much change in Budget 2012. However there are suggestions that an increase in PRSI is likely.   Rental Income & … Continue reading

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Budget 2012: Income Tax Change #1: Bins.

No Changes to Income Tax? The Minster of Finance has told us, repeatedly now, that there will be no changes to Income tax in Budget 2012.  Should we bother with the Red Oak  Budget 2012 Calculator then?  We think he’ll … Continue reading

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Revenue Error – Calculating Incorrect Tax Rumour

Have you seen this posted on your wall in facebook or on an email? I have recently found out that everyone who was working in ROI in the past 4 years can claim PRSI refund(not tax!). PRSI was counted incorrectly … Continue reading

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Charitable deductions & Tax – Who Claims?

Giving to charity is good – and saves on tax! Giving to Charity and supporting charities, particular home based charities, is so much more in the public domain now, at least compared to my childhood when charity meant the Lenten … Continue reading

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Budget 2012 – What’s rumoured

Latest Budget 2012 News Early Days yet, but already a strong message coming out as to what changes we will see in Tax and charges in 2012 from the Budget in December. Already in the Pipeline – Cuts in Budget … Continue reading

Posted in Bin & Service Charges, Budget 2012, Income Tax, Paye Tax, Rent Relief, Tax Refunds Tagged , 1 Comment

Public Sector payslip 2011

Example impact of changes from Decembers Budget for a Teacher If you are working in the public sector, and particularly as a teacher, you will find the following video useful.  It illustrates the impact on a Teachers payslip of the … Continue reading

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Trends in Tax Refunds in 2011

Who’s Claiming Tax Refunds in 2011? With all the changes in the Tax System in the last few years, you can easily lose track of what you can claim with in excess of 200 Tax Credits and Income Deductions available … Continue reading

Posted in Health Levy, Home Carers, Income Levy, Income Tax, Paye Tax, PRSI, Redundancy, Tax Refunds Tagged , , , , , 10 Comments

Rent Relief – 2011 tax credit reduction

2011 Rent Relief Currently renting If you are currently receiving rent relief, Budget 2011 announced changes in the maximum amount of rent paid that you can get relief upon  as follows: So, for a single person under 55 in 2010, … Continue reading

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10 things you should know about your 2010 P60

Welcome to 2011!  If you were working at the end of the year, you will receive a P60 from your employer soon. 2010 P60 Probably the most important and most talked about bit of post you will receive this time … Continue reading

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2011 – Pension Charges & Tax

What’s new for Pension Contributions in 2011? in 2010, if you were a higher rate tax payer and made contributions to a pension, you were allowed relief of income tax at 41% – but also you did not have to pay … Continue reading

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P60 Example 2010

Aaaaahhhh!  It’s my P60!  So many numbers, so much information, I don’t understand it, I think I’ll file it away for now. If you were working at the end of the year, you should be getting a copy of P60 in the … Continue reading

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