Claiming Tax Back Ireland

1
Claiming Tax Back Ireland
2
(No Transcript)
3
One of my favourite conversations with clients is
telling them they are entitled to a tax refund.
Usually my job is telling them they must withhold
tax/vat, so tax rebates are an easier
conversation that I find are best on a sunny
Friday.
4
(No Transcript)
5
(No Transcript)
6
Income for taxes
Unlike an employee who receives a pay slip each
month with all deductions done at source for them
by the employer you now have to calculate this
yourself, pay it file with revenue.
7
(No Transcript)
8
(No Transcript)
9
How did I overpay tax?
There are a variety of situations, but the ones
we see regularly are Clients takes a break in
employment or was made redundant. Clients have
had a change in circumstances i.e. married or
maternity/paternity leave Clients have been put
on emergency tax Client has medical/dental
expenses that they can claim back.
10
(No Transcript)
11
(No Transcript)
12
Key tax dates
1st January- First day of the new tax year. 31st
January- CGT Capital Gains Tax is due for the
previous calendar year. 31st October- Income tax
return due and payment for the previous
year. 31st December- Last day of the current tax
year. Under self-assessment there is a common
date for the payment of tax and filing of tax
returns. You must file your tax return on or
before 31 October in the year after the year to
which the return relates.
13
(No Transcript)
14
(No Transcript)
15
For more update , visit us
https//peakaccountingsolutions.ie/2020/07/13/clai
ming-tax-back