Red Oak Tax Refunds Blog

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

Lies, Damn Lies – and politicians quoting EuroStat

“50% of Workers not paying any Income Tax”
This little snippit of fact has been one of the most frequently  quoted up and down the country by Politicians in this last month.  We hear it quoted as from the Commission for Taxation Report, or as being sourced from EuroStat Reports, EuroStat being an EU agency providing statistical reporting [...]

income levy refunds

Are you due an income levy refund? Here are 8 top reasons people may be able to claim back overpaid income levy amounts in 2009. Get your Income Levy tax back now with Red Oak Tax Refunds.

10 things you should know about your 2009 P60

Welcome to 2010, your post will now start to bristle with all that 2009 summary post. Here, we’ll go through the main document you will receive around now and what it’s for.
2009 P60
Probably the most important and most talked about bit of post you will receive this time of year is your P60. [...]

Claiming Tax Back – What’s New

If you are looking to claim a tax back for 2009, the picture has changed somewhat from previous years.  Some of the changes will mean you are due less of a tax refund, other changes have increased the amount of of tax back that can be reclaimed.
These are these main changes:
More Refunds
You are still allowed [...]

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 [...]

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 [...]

Maintenance Payments –How it affects your Income levy and PRSI

Firstly, how maintenance payment is treated for Income Levy depends on whether you have voluntarily agreed to pay maintenance or if there is a legally enforceable agreement

Are you paying the Income Levy when you should be Exempt?

The Income Levy was introduced for 2009 and within 4 months was doubled for most people in the April 2009 Budget.  But should you be paying Income levy?
It’s worth checking if you are exempt from the income levy.  You are exempt from the income levy if:

Your income for a year does not exceed €15,028 p.a.
You [...]

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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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