For 2012 Payroll Refunds can apply to PAYE, PRSI and Income Levy/USC Refunds for tax years 2008 to 2011.
When you have paid PAYE, PRSI and/or the Income Levy you may be due a refund at the end of the tax year. It is also possible to benefit from tax refunds/reliefs during the year. Firstly you need to be aware of all the various tax allowances and credits applicable to you and then use these to reduce payroll liabilities and thus increase take home pay.
Our Tax Back Refund Service is essential for all employees, who have paid tax and think they maybe entitled to a refund. Payroll Matters Ltd will draw upon their expertise in this field to file your tax return and seek refunds on your behalf
PAYE - Tax Back up to 41% PRSI - Refunds up to 8% Income Levy -Refunds up to 6% / USC - Refunds up to 7%
Did you know that when you pay PAYE, PRSI, and Income Levy/USC very often you are overpaying. Only one in five of the Irish workforce claimed tax back in 2008. Those that did averaged a refund of over €728 each. That was 4 years ago, PAYE & PRSI refunds can be applied for 4 years! That’s 2008, 2009 2010 and 2011; Millions of Euros remain in the Government's coffers because of many taxpayers' failure to seek refunds.
Reason
Relief / Credit Available for 2009 and 2010
Value per €1000
Medical/Certain Dental Exp
Up to 41% of the total bill refunded for 2008 Up to 20% of the total bill refunded for 2009/10
up to €410 per €1000 up to €200 per €1000
Private Pensions
Up to 41% of t Revenue approved contribution
up to €410 per €1000
Film/BES (Tax) Relief
Maximum Value up to €50,000 invested
up to €410 per €1000
Income Protection (PHI)
Maximum Value is 10% of Annual Income
up to €410 per €1000
Rent Relief
Max Value single > 55 is €2000 Max Value married/widowed > 55 is €4000 Max Value single < 55 is €4000 Max Value married/widowed < 55 is €8000
up to €800 p.a. -Max up to €1600 p.a.-Max up to €1600 p.a.-Max up to €3200 p.a.-Max
