Re: October 31 - What does it mean for PAYE worker
If you make an AVC (strictly speaking, a special employee contribution) on or before 31 October and choose to designate it as backdated to 2002, you will be eligible to claim a refund of tax paid for 2002.
In order to do this, you will have to submit a Form 12 for 2002. You will receive a cheque from the Revenue (God knows when) in respect of the tax relief on your special contribution plus or minus any other adjustment applying in respect of the 2002 tax year (eg. BIK, share dividends, CGT, medical expenses).
Regards
Homer