D darrenh2 Registered User Messages 2 18 Feb 2013 #1 Hi All, I got 3 years of p21 in the post today. Heres the break down for 1 of them Charged as follow: €15,145.00 @ 20% = €3,029 Tax due €3,029 On the back of page it has: Panel 4 € Tax credits SELF Personal Tax Cr €1,830.00 PAYE Tax Credit €1,199.00 I would really appericate if somebody could explain this to me as I am not sure if this means I am entilted to money back ? Many thanks, Darren
Hi All, I got 3 years of p21 in the post today. Heres the break down for 1 of them Charged as follow: €15,145.00 @ 20% = €3,029 Tax due €3,029 On the back of page it has: Panel 4 € Tax credits SELF Personal Tax Cr €1,830.00 PAYE Tax Credit €1,199.00 I would really appericate if somebody could explain this to me as I am not sure if this means I am entilted to money back ? Many thanks, Darren
J Joe_90 Registered User Messages 2,222 18 Feb 2013 #2 3,029-1,830-1,199=0 tax due. If you did not pay any tax then no refund due.
D darrenh2 Registered User Messages 2 18 Feb 2013 #3 Thanks Joe, What does personal tax cr and paye tax credit represent ?
J Joe_90 Registered User Messages 2,222 18 Feb 2013 #4 Effectively it means that a single person has a tax free income of €1,830 / 20% =€9,150. A PAYE taxpayer gets the same.
Effectively it means that a single person has a tax free income of €1,830 / 20% =€9,150. A PAYE taxpayer gets the same.