Hello,
My income is wholly earned working for an NI company. I live in IRL. I pay my tax etc direct from my NI pay.
Every year I go to an accountant and do a tax return in IRL (I'm the only person I know who does this. What can I say I'm an honest fool). And every year the dept of revenue is happy to take a few extra hundred in tax from me.
Basically how it works is they:
This year being no different. I enquired about the WFH tax credit as I've essentially being working from home in IRL since March 2020. The department say I do not qualify for this tax credit as and I quote:
"I have had a look at the legislation and consulted with my supervisors and as the Income is foreign and the tax paid is outside the jurisdiction, the claim for Remote working expenses must be made in the jurisdiction where the tax is paid."
Would the wise people of askaboutmoney agree with this? If they are more than happy to take a cut of my "foregin income" why will they not give me the WFH credit?
From my simple understanding they are saying I need to make my "Y" (tax paid in NI) smaller which sounds great however I will just end up paying the Dept of revenue a larger "Z"!! So to me is completely pointless me claiming the credit in NI!
Thoughts?
My income is wholly earned working for an NI company. I live in IRL. I pay my tax etc direct from my NI pay.
Every year I go to an accountant and do a tax return in IRL (I'm the only person I know who does this. What can I say I'm an honest fool). And every year the dept of revenue is happy to take a few extra hundred in tax from me.
Basically how it works is they:
- look at how much I earned in NI, covert to EUR and calculate if I earned this amount in IRL I would have paid "X" amount of tax.
- look at how much tax I paid in NI and covert to EUR, let's call this "Y"
- They then subtract X - Y and whatever is left I end up paying the dept of Revenue the balance lets call it "Z". And there is always a balance!
This year being no different. I enquired about the WFH tax credit as I've essentially being working from home in IRL since March 2020. The department say I do not qualify for this tax credit as and I quote:
"I have had a look at the legislation and consulted with my supervisors and as the Income is foreign and the tax paid is outside the jurisdiction, the claim for Remote working expenses must be made in the jurisdiction where the tax is paid."
Would the wise people of askaboutmoney agree with this? If they are more than happy to take a cut of my "foregin income" why will they not give me the WFH credit?
From my simple understanding they are saying I need to make my "Y" (tax paid in NI) smaller which sounds great however I will just end up paying the Dept of revenue a larger "Z"!! So to me is completely pointless me claiming the credit in NI!
Thoughts?