I was redundant in most of 2009. Should I pay less tax now I found work(tax credits?)

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naked lepper

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I was working with the same company for 5 years previously to being made redundant in January 2009.

I was in receipt of job seekers benefit from January 2009 until November 2009.

I started working in November 2009 and signed off the dole. I have been paying the full rate of tax since resuming work.

A friend of mine who worked in the same company for the same amount of time and was made redundant when I was found work in July 2009 (a few months before me). He paid little or no tax for 5 or so months and is still on a very low tax rate.

Does anyone know if I should be entitled to tax credits to carry over for this year (2010) since I didnt work more than 2 months in 2009??
 
Re: I was redundant in most of 2009. Should I pay less tax now I found work(tax credi

Tax credits don't carry over from tax year to tax year. You start 2010 on a clean slate as it were. However you may have tax adjustments in 2009 which may result in a refund (or underpayment). You can settle 2009 by filing returns with Revenue.

Your friend may have had unused credits which resulted in low or no tax for a period up to the year end. However he too should be on new credits for the new 2010 year.
 
Re: I was redundant in most of 2009. Should I pay less tax now I found work(tax credi

thanks for the quick reply

so basically me being unemployed in 2009 will have no bearing on my PAYE tax for 2010 and i may only be eligible for tax returns for tax which i paid in the year jan 1st 2009 - dec 31st 2009?
 
Re: I was redundant in most of 2009. Should I pay less tax now I found work(tax credi

Yes.
 
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