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Tax Refund Reconcilliation

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  • 24-08-2020 6:46pm
    #1
    BUDDYHOLLY1234
    Registered Users Posts: 18 ✭


    Hey Everyone. I am just wondering would anyone be able to share information on how to reconcile tax refunds where tax has been charged at source but the wrong amounts charged. This may be due to overpayments, underpayments, wrong use of credits, rate bands etc. Any advice on how to identify these mistakes or a method used in so doin? This would be great as have started a new role doing this type of work and thank you in advance
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    #2
    davindub
    Registered Users Posts: 1,447 ✭✭✭davindub


    BUDDYHOLLY1234 wrote: »
    Hey Everyone. I am just wondering would anyone be able to share information on how to reconcile tax refunds where tax has been charged at source but the wrong amounts charged. This may be due to overpayments, underpayments, wrong use of credits, rate bands etc. Any advice on how to identify these mistakes or a method used in so doin? This would be great as have started a new role doing this type of work and thank you in advance

    Recalculate and refile if needed.

    On ros it will give you the allocations of the payments and you can compare to the correct charge.


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