Taxpayers are being advised to avail of the four-year window for claiming tax reliefs to make the likely cuts due in Tuesday’s Budget that bit easier to bear, The Sunday Business Post writes.
Posts Tagged ‘tax refund’
Accountants are reporting that fewer income tax returns are being filed this year, with many of them noticing a rise in the number of people finding it hard to pay the Revenue straight away, according to The Sunday Business Post.
The Irish Taxation Institute is demanding the Revenue come clean on the tax avoidance schemes it plans to target after the upcoming December Budget, according to The Sunday Business Post.
Were you made redundant at any stage over the past 4 years. Almost 90% of employees made redundant are not aware they may have overpaid tax on their redundancy package.
Mary was made redundant in September 2009, and received a gross lump sum of €50,000.
After deduction of tax, Mary actually received €38,516 in her wage packet. However after contacting Taxation.ie, Mary got an additional tax rebate of €4,855.
John, on the other hand was also made redundant in September 2009, and he received a gross lump sum of €30,000.
After deduction of tax, John received €21,861. However after contacting taxation.ie, John received an additional tax rebate of €2,41
Were you taxed on any portion of your redundancypackage?
If so, contact email@example.com to see how you can reclaim your overpaid tax.