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Are You Due A Tax Refund?

by paddygahan on June 18th, 2010
2 Comments



Every year the Revenue estimate there are millions of possible tax refunds left unclaimed. As the average refund is in excess of €500 filing a return is worth following up.

In the past when things were good people did not bother lodging returns. However surely in these recessionary times its worth checking if you have you a claim.
If there have been any changes in your personal circumstances check out that these have been reflected on your Tax Credit Certificate. The tax deducted by your employer is calculated based on this certificate. So if this Certificate is incorrect your tax deductions may be too high.

Some of the more common items left unclaimed are as follows:

  • Medical and dental expenses
  • Rent relief
  • Medical insurance
  • Tuition fees
  • Trade union fess
  • Bin and water charges
  • Single parent allowance
  • Home carers allowance

Also it is worth remembering that you can claim back refunds for 4 years.



Category: Accountancy, Financial Planning

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The Author:

I help taxpayers and business owners keep more of their hard earned income. Now more than ever, in these uncertain times, you need to protect your cash and pay the minimum amount of tax. Tax season is a nightmare for accountants. Many accountants can barely file their client's returns on time let alone find tax saving deductions. http://www.gahan.ie

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Add Your Comment

  • http://twitter.com/fredchannel Fred

    Thanks for sharing Paddy!

  • Patrick Lane

    Excellent Paddy, the Revenue are supposed to amend PAYE taxpayers’ liability where they find that the standard credits have not been applied properly. However, what a lot of people forget to do is to make claims for those credits on your list that only crystalise at the end of the year. SO the motto is always file your return, it may be worth a lot of money to you.

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