Introduction Did you know that thousands of Irish taxpayers overpay taxes every year without even realising it? Whether it’s medical expenses, rent tax credits, tuition fees, or simply a change in life circumstances, you could be due a tax rebate. In fact, the average Irish tax rebate is €1,120—a significant sum that could be sitting […]
Filing for a tax refund can be a common process for Irish taxpayers who overpay tax or qualify for various tax credits and reliefs. But how long does it take for your refund to reach you? Understanding the timelines and factors that influence the refund process helps in setting realistic expectations. This blog has been […]
Ireland’s Pay-As-You-Earn (PAYE) system is one of the most important frameworks that employers need to understand to manage their payroll obligations effectively. Introduced in 1960 and updated over the years, PAYE allows for the accurate deduction of taxes from employees’ paychecks, covering income tax, Pay Related Social Insurance (PRSI), and the Universal Social Charge (USC). […]
Budget 2024 (announced on 10th October 2023) contains a range of benefits for employees, including tax credits, changes to some tax bands and rates, with benefits for renters and home-owners. There are also significant benefits in relation to educational grants and child care, along with further energy credits for homes. Many of the changes come […]
Intax Presents Budget 2022 OVERVIEW Budget 2022 was announced on Tuesday, 13 October 2021. This document sets out the main changes in taxation, social welfare, health, housing, education, employment and other areas. It is an overview and not a complete statement of the measures announced in Budget 2022. There might be updations to the budget […]
The Stay and Spend Tax Credit Scheme is a new tax credit introduced by the government in order to support the hotel and hospitality industry, which were badly hit by the covid-19 pandemic. This scheme allows individuals to claim tax back on certain qualifying expenses such as the cost of accommodation, food and non-alcoholic drink […]
Every year, thousands of euros go unclaimed in the flat rate expenses allowances. This is mostly because people are not aware of what flat rate expenses are, who is eligible to claim and how to claim. This article contains brief information on: What are flat-rate expenses allowances? Who is eligible to claim flat-rate expenses? How […]
As per the Irish tax law, all PAYE workers are entitled to claiming a tax refund for their personal medical expenses, medical expenses of an immediate family member, or any other individual for whom you made the payment. You can claim your tax refund for the following medical expenses. Visits to the doctor: On average […]
GET YOUR CHRISTMAS BONUS Christmas is the season for kindling the fire of hospitality in the halll,the genial flame of charity in the heart. PAYE :It’s a income tax time again. Time to gather up those receipts get out those tax forms, sharpen up the pencil and get your bonus. Get your […]
Unemployment is daunting for almost everyone, let’s face it. However, if you have recently become unemployed after a period of employment you may be eligible to claim tax you paid while you were working. How to claim tax back after redundancy or losing your job. Step 1 – Are you due a tax rebate? You […]
Intax Presents Budget 2021 OVERVIEW Budget 2021 was announced on Tuesday, 13 October 2020. This document sets out the main changes in taxation, social welfare, health, housing, education, employment and other areas. It is an overview and not a complete statement of the measures announced in Budget 2021. There might be updations to the budget […]
Wondering about your rights to keep e working? Here’s what you need to know to stay safe, keep others safe, and handle your taxes. Earlier this year, COVID-19 disrupted the whole world. It transformed the way we do things, quite possibly forever. One of the most immediate changes was the transition from working in an […]