Avoid these common Irish PAYE tax refund mistakes!

Struggling with PAYE tax refunds in Ireland? Avoid common errors like incorrect PPS details, missed deductions, or unclaimed emergency tax. Learn how to file accurately and claim your full refund with ease!

Getting to grips with the world of PAYE (Pay As You Earn) tax refunds in Ireland can be tricky. 

Many taxpayers miss out on refunds or encounter delays due to avoidable errors. 

With that in mind - here are some common mistakes and tips to ensure you maximise your tax refund!

Double-check your information before applying

Errors in personal details like PPS numbers, income figures, or bank account information are frequent issues that can delay refunds. 

When applying for a PAYE tax rebate, ensure that all details on your tax record match the data provided to Revenue. 

Always review your Employment Detail Summary (formerly P60) via Revenue's myAccount service before submitting a claim.

Don’t miss out on eligible deductions

Many PAYE taxpayers fail to claim available deductions and tax credits. For example:

• Health expenses: Keep receipts for GP visits or prescriptions.

• Work-related expenses: If you’re eligible for flat-rate expenses, these can reduce your taxable income.

• Remote working relief: If you work from home, you can claim for utilities like electricity or broadband.

Revenue may require supporting documentation, so maintain clear records for at least six years.

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Apply for previous years if you’re eligible

You can claim tax refunds for the current year and up to the previous four years. 

If you've overlooked deductions or were on emergency tax in previous years, review your tax history. 

Delays in applying could mean losing out, as refunds for older tax years become inaccessible after the deadline.

Taxback will claim 100% of what you are owed over the past four years!

Don’t forget Emergency Tax refunds!

Being taxed on an emergency basis often occurs if your employer doesn't have your updated Revenue Payroll Notification (RPN). 

While you can reclaim overpaid taxes, the process requires submitting accurate income details for the relevant period. 

To prevent this, ensure your employer registers your job with Revenue promptly.

If you think you are due a tax refund, you can claim it back one of two ways. You can apply yourself through Revenue, or you can leave all the PAYE tax reclaim work to a tax expert like Taxback!

The average Irish tax refund is €1,880

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Common errors when filing an Irish tax return

Making errors when filing taxes happens, but it’s important to know how you may have filled out a tax return wrong.

However, having a better knowledge of what you can claim and when you need to file will greatly aid your chances of filing successfully. 

Here are some common errors we see with tax filing in Ireland.

• Misreporting income: Forgetting to include rental income or foreign income can result in an underpayment.

• Overestimating deductions: Claiming deductions for ineligible expenses may trigger Revenue audits.

• Failing to file on time: Missing deadlines limits your ability to claim a refund or rectify errors on tax returns.

These are just some examples of what you should bear in mind when filing your taxes.

Why would I have a PAYE underpayment?

A tax underpayment is the opposite of a tax refund. In this case, you will owe tax to Revenue.

Underpayments occur when insufficient tax is deducted from your earnings. 

This can result from:

• Incorrect tax credits or band allocations.

• Receiving taxable benefits-in-kind, such as company cars, without proper payroll adjustments.

• Emergency tax situations due to unregistered employment transitions.

To check this, you’ll need to review your Preliminary End-of-Year Statement on your revenue account.

The average Irish tax refund is €1,880

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Who can help me with my taxes?

Sure, you can always file your Irish tax return by yourself with Revenue. But are you sure you will be claiming all the tax reliefs that you can to maximise your tax situation?

That’s where Taxback comes in! 

Our team of experienced tax experts is here to make the process simple, accurate, and hassle-free. 

Whether you need help: 

• filing your return

• reclaiming overpaid taxes 

• ensuring every deduction is accounted for 

We’ve got you covered!

Don’t leave your hard-earned money on the table. Let Taxback take the guesswork out of your tax return so you can file with confidence. 

Get started today and discover how easy it can be to get your taxes done right!