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Tax Calculation Thread

1246789

Comments

  • #152
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    vanman99 wrote: »
    Can you explain what that means?

    http://www.revenue.ie/en/tax/it/week-1-basis.html


  • #153
    vanman99
    Registered Users, Registered Users 2 Posts: 183 ✭✭vanman99


    That doesn't really explain it though, 2 and a half months into the year they remove the credit, the credit is worth €810 for the year, i'm not getting it, how have they determined i would have a lot to repay?

    Plus shouldn't my tax band change have outweighed anything owing? I'm just not getting how they worked this out that I get no benefit from a lower tax band.


  • #154
    Zebrano
    Registered Users, Registered Users 2 Posts: 699 ✭✭✭Zebrano


    How many tax credits are a married couple entitled to between them


  • #155
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,114 ✭✭✭relax carry on


    Zebrano wrote: »
    How many tax credits are a married couple entitled to between them

    The same as two single people added together. They may, depending on what basis of assessment they opt for and incomes, be able to transfer some unused credits and rate band between themselves. They may also in limited circumstances be entitled to additional reliefs or credits.


  • #156
    Zebrano
    Registered Users, Registered Users 2 Posts: 699 ✭✭✭Zebrano


    relax carry on wrote: »
    The same as two single people added together. They may, depending on what basis of assessment they opt for and incomes, be able to transfer some unused credits and rate band between themselves. They may also in limited circumstances be entitled to additional reliefs or credits.
    So 3300 each


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  • #157
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,114 ✭✭✭relax carry on


    Zebrano wrote: »
    So 3300 each

    Yes so long as both are entitled to the paye credit as well as the personal tax credit.


  • #158
    gavmcg92
    Registered Users, Registered Users 2 Posts: 5,317 ✭✭✭gavmcg92


    Hi All,
    Have a quick question.

    I started my first full time position a couple of months ago but I still have a part time job on going. As such, I have had to split my tax credits. I was taking a look into my wages the other day just to check and see how things are going with them and it seems like I gave a little too much coverage over to my part time job.

    My initial aim was to have my credits match my tax so I was essentially not paying any tax for the part time work. Now it seems like there's 40/50 euro in credits a month that aren't being used. My question is, will this money be given back to me at the end of the year by revenue or do I need to make sure that my credits are distributed correctly?

    Cheers guys!


  • #159
    gambit83
    Registered Users, Registered Users 2 Posts: 177 ✭✭gambit83


    Just wondering if anyone is in a similar position or was and what is the course of action.

    I was self-employed in 2012 and 2013 and did my Income Tax Return for these years, I was PAYE in 2014 but returned to being self-employed in 2015.

    I logged onto my ROS account and it says that a 2014 Form 11 is due at the end of October 2015. Within the Form 11 their is a PAYE section with Gross Income, USC, PAYE tax deducted, etc. I filled in what I think are the relevant boxes and when it calculates it says that I have a tax liability. Can this be right? Can I have a tax liability for the year even though all my income was earned as PAYE and I was already taxed on it?

    Any advice would be great


  • #160
    Gard1
    Registered Users, Registered Users 2 Posts: 90 ✭✭Gard1


    Technically there shouldnt be but thats not always the case.
    First step is check your PAYE anytime to see what tax credits you had during 2014 ie Medical insurance relief or flat rate expenses which increase your tax credits and if they are omitted from the form 11 it will leave a balance outstanding according to the form.


  • #161
    Synchronicity
    Closed Accounts Posts: 73 ✭✭Synchronicity


    Hi folks,

    I'm self employed/a stay at home dad and I earn between €20,000-€23000 before expenses (usually about €17500-€20000 net). My wife (we just got married) earns €50000 as a public servant.

    Is there any advantage for us in being jointly assessed?

    Any advice greatly received, thanks.


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  • #162
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,006 ✭✭✭Citizenpain


    Synchronicity wrote: »
    Hi folks,

    I'm self employed/a stay at home dad and I earn between €20,000-€23000 before expenses (usually about €17500-€20000 net). My wife (we just got married) earns €50000 as a public servant.

    Is there any advantage for us in being jointly assessed?

    Any advice greatly received, thanks.

    Congratulations - Yes there is a benefit but you can still opt for separate assessment and claim any unused bands /credits at the end of the year

    Take a read of this
    http://www.revenue.ie/en/tax/it/leaflets/it2.html


  • #163
    Roxee
    Registered Users, Registered Users 2 Posts: 78 ✭✭Roxee


    Hi there, hoping someone might be able to help.

    I'm full time PAYE but file each year for some additional self employed income. I understand the idea of both incomes going in so that USC can be recalculated for full amount. And I understand the 2014 USC bands.

    However, the amount being assessed for USC is too high, its X (PAYE income) plus Y (taxable SE income) plus Y again. I can't see what I've done to make it think my income is actually X + Y + Y! Driven demented. It's such a simple return I never hire an accountant, not worth it.

    Does this mean anything to anyone I wonder? Ideas welcome. Thanks so much! :)


  • #164
    deathtocaptcha
    Registered Users, Registered Users 2 Posts: 350 ✭✭deathtocaptcha


    anyone know how a self employed person could go about writing off a new iPhone (sim free, paid for in a lump sum)?

    am i right in thinking it's classed as an asset and depreciated over 8 years @ 12.5%? (seems rather silly given the fact it'll only be used for a year or two)


  • #165
    mickdw
    Registered Users, Registered Users 2 Posts: 23,705 ✭✭✭✭mickdw


    deathtocaptcha wrote: »
    anyone know how a self employed person could go about writing off a new iPhone (sim free, paid for in a lump sum)?

    am i right in thinking it's classed as an asset and depreciated over 8 years @ 12.5%? (seems rather silly given the fact it'll only be used for a year or two)

    I think all equipment goes in for 8 year depreciation.
    I suppose you could dispose of it end of year 2 for example to any business who would give you a receipt for it. If it sold for 100 euro, full adjustment could be carried out.
    Maybe there is a simpler rule considering it's only a phone.
    Would it not be much easier to have a business phone on a monthly bill?


  • #166
    deathtocaptcha
    Registered Users, Registered Users 2 Posts: 350 ✭✭deathtocaptcha


    mickdw wrote: »
    I think all equipment goes in for 8 year depreciation.
    I suppose you could dispose of it end of year 2 for example to any business who would give you a receipt for it. If it sold for 100 euro, full adjustment could be carried out.
    Maybe there is a simpler rule considering it's only a phone.
    Would it not be much easier to have a business phone on a monthly bill?

    well I guess selling it anywhere online via ebay or something would create a paper trail and make it easy to document...

    the reality is it's cheaper in the long run to buy the phone outright and pay for a 30 day plan, particularly if you upgrade regularly... plus there's the benefit of being able to buy directly from apple and get the phone unlocked (important if you travel a bit and use various sim cards)...


  • #167
    sweetpea10
    Registered Users, Registered Users 2 Posts: 8 ✭sweetpea10


    Hi there,

    I'm self-employed and just filed Form 11 - a net loss for the year.

    I received a refund (€2,050) under the Professional Services Witholding Tax during the year and I have been assessed for the amount of the refund by Revenue.

    I put in 0.00 instead of the revenue assessment of (€2,050) in the Income tax calculation section but my notice of assessment looks for the refunded amount.

    How do i change this so there is no tax liability? (There shouldn't be any due to net loss for the period).

    Thanks.


  • #168
    Little CuChulainn
    Closed Accounts Posts: 7,624 ✭✭✭Little CuChulainn


    Is there a maximum amount of health expenses you can claim for a year?


  • #169
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,114 ✭✭✭relax carry on


    Little CuChulainn wrote: »
    Is there a maximum amount of health expenses you can claim for a year?

    No max but if it's large, you would probably be asked for proof of the claim.


  • #170
    Little CuChulainn
    Closed Accounts Posts: 7,624 ✭✭✭Little CuChulainn


    To work out my tax liability manually is it (Gross Pay - Health Expenses) before calculating the standard and higher rate tax then subtracting credits from the combined tax figure.


  • #171
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Little CuChulainn wrote: »
    To work out my tax liability manually is it (Gross Pay - Health Expenses) before calculating the standard and higher rate tax then subtracting credits from the combined tax figure.

    No work out your pay and tax normally then subtract health expenses x20%


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  • #172
    absolute_ zero_ 2117
    Registered Users, Registered Users 2 Posts: 8 ✭absolute_ zero_ 2117


    I'm currently earning €356.85/week on a 6 month contract. How much USC should I be paying? By my calculations I owe roughly €316 every year, but according to my payslip I'm paying €28.55 this week. Is there something I may be missing?


  • #173
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    absolute_ zero_ 2117 wrote: »
    I'm currently earning €356.85/week on a 6 month contract. How much USC should I be paying? By my calculations I owe roughly €316 every year, but according to my payslip I'm paying €28.55 this week. Is there something I may be missing?

    Thats 8% I believe. which means your usc may not be allocated with your employment.


  • #174
    absolute_ zero_ 2117
    Registered Users, Registered Users 2 Posts: 8 ✭absolute_ zero_ 2117


    CIARAN_BOYLE wrote: »
    Thats 8% I believe. which means your usc may not be allocated with your employment.

    This is my second week on the job and I'm on emergency tax as I'm still waiting on my tax certificate form Revenue, would that be the cause?


  • #175
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    absolute_ zero_ 2117 wrote: »
    This is my second week on the job and I'm on emergency tax as I'm still waiting on my tax certificate form Revenue, would that be the cause?

    yes exactly 8% USC is the emergency tax rate of usc. USC is on a cumulative basis so you will get credit for taxes paid when your next payslip comes in.


  • #176
    absolute_ zero_ 2117
    Registered Users, Registered Users 2 Posts: 8 ✭absolute_ zero_ 2117


    CIARAN_BOYLE wrote: »
    yes exactly 8% USC is the emergency tax rate of usc. USC is on a cumulative basis so you will get credit for taxes paid when your next payslip comes in.

    So I can expect this to all even out after the tax certificate arrives?


  • #177
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    absolute_ zero_ 2117 wrote: »
    So I can expect this to all even out after the tax certificate arrives?

    yes that is how it should work


  • #178
    wally79
    Registered Users, Registered Users 2 Posts: 2,944 ✭✭✭wally79


    Hi,

    This has probably been answered previously.

    Is there a calculator to work out the benefits of joint assessment for a married couple.

    Also, could someone point me to a guide on how to register for joint assessment.

    Thanks in advance


  • #179
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    wally79 wrote: »
    Hi,

    This has probably been answered previously.

    Is there a calculator to work out the benefits of joint assessment for a married couple.

    Also, could someone point me to a guide on how to register for joint assessment.

    Thanks in advance
    If one party earns more than 33800 and one party earns less there is benefits.

    Same if one party earns more than 16,500 and the other earns less.

    The process is outlined in this thread on page 1

    http://www.boards.ie/vbulletin/showthread.php?t=2057575698


  • #180
    Blitz17
    Registered Users, Registered Users 2 Posts: 536 ✭✭✭Blitz17


    Just a quick question, Was looking at my payslip earlier and noticed my SRCOP was 637.52 instead of 650.

    With a little digging I found my tax credit and tax band have been decreased due to Jobseeker Benefit.

    I finished a job in January, claimed for 3 weeks and signed off as I picked up another job then.

    Anyone be able to give some info on this? Does it stay like that for the year or what?

    Thanks


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  • #181
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,114 ✭✭✭relax carry on


    Blitz17 wrote: »
    Just a quick question, Was looking at my payslip earlier and noticed my SRCOP was 637.52 instead of 650.

    With a little digging I found my tax credit and tax band have been decreased due to Jobseeker Benefit.

    I finished a job in January, claimed for 3 weeks and signed off as I picked up another job then.

    Anyone be able to give some info on this? Does it stay like that for the year or what?

    Thanks

    Yes, as the missing portion has been used by your jobseekers benefit which is a taxable source of income.


  • #182
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Blitz17 wrote: »
    Just a quick question, Was looking at my payslip earlier and noticed my SRCOP was 637.52 instead of 650.

    With a little digging I found my tax credit and tax band have been decreased due to Jobseeker Benefit.

    I finished a job in January, claimed for 3 weeks and signed off as I picked up another job then.

    Anyone be able to give some info on this? Does it stay like that for the year or what?

    Thanks

    Normal SRCOP 650*52=33800
    Your SRCOP 637.52*52=33151.04
    Difference 648.96 which should be what you received in job seekers.


  • #183
    MB Motors
    Registered Users, Registered Users 2 Posts: 3 ✭MB Motors


    Hi lads as in topic, i am sick of tax :) here is the story : i started work in January i gave my p45 from last employee to new company and also tax credit cert from 2015 with the figures :

    Gross tax credits : 3300
    Tax credit reduced by JB : 2845
    All income over 31,525.00 @ 40%

    Tax credits : Y : 2845 M : 237.09

    As i am on monthly payment my first salary was on last day of January with the figures : \

    gross pay 2160

    Paye : 194.91
    Prsi 86.40
    Usc 62,16

    Total ded 343.47

    Pay 1816.53

    Cumulative details :

    Gross pay 2160
    non tax ded
    taxable pay 2160
    tax credit 237.09
    Std cut off 2627.09
    Tax pay 194.91

    Pay period 28/01

    February pay :

    gross pay 2556

    Paye : 274,11
    Prsi 102,24
    Usc 83,95

    Total ded 460,30

    Pay 2095,70

    Cumulative details :

    Gross pay 4716
    non tax ded
    taxable pay 4716
    tax credit 474,18
    Std cut off 5254,18
    Tax pay 469,02

    Pay period 25/02

    After this pay slip i discover that i am paying too much and my tax credit was from 2015 !

    i apply to revenue for new tax credit for 2016. And i got it with figures :

    Gross tax credits : 3300

    All income over 33,800 @ 40%

    Tax credits : Y : 2845 M : 275

    so standart for single person dated on 19.02

    So i forwarded it to my accountant and ive been told that i am gonna get tax refund in this month. And my tax credit will be updated in ( March ) Payment

    March Payment :

    gross pay 2925

    Paye : 347,91
    Prsi 117
    Usc 104,23

    Total ded 569,14

    Pay 2355,86

    Cumulative details :

    Gross pay 7641
    non tax ded
    taxable pay 7641
    tax credit 711,27
    Std cut off 7881,21
    Tax pay 816,93

    Pay period 31/03

    After this payment on the pay slip my tax credit was still old 237.09 instead of 275 so i went to acc again to ask him whats the story with my refund etc...

    so i got new pay slip after 4 days and cheq for 120.55e

    New Pay slip figures : -

    gross pay 2925

    Paye : 234,18
    Prsi 117,00
    Usc 97,41

    Total ded 448,59

    Pay 2476,14

    Cumulative details :

    Gross pay 7641
    non tax ded
    taxable pay 7641
    tax credit 825
    Std cut off 8450,01
    Tax pay 703,20

    and now i have 275 tax credit on payslip.

    Pay period 31/03

    so after all i got 120.55e return and i think is still wrong as i should get more..i am on a cummulative tax. Any help ???? Please as i am sick of it...


  • #184
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,893 ✭✭✭allthedoyles


    As a single person your March payslip is correct


  • #185
    Meesared
    Registered Users, Registered Users 2 Posts: 2,234 ✭✭✭Meesared


    Hey everyone, started a new job recently, and I'm getting taxed a lot more this month than before, even though I only earned €50 over the previous months. These are the details;

    Gross pay: 1903.38
    PAYE 233.42
    PRSI 76.14
    USC 82.23

    Previous month:
    Gross Pay: 1853.38
    PAYE 101.51
    PRSI 74.14
    USC 43.02

    I don't really understand why there is an extra €170 taken out of my pay for only another €50 being added to my gross

    Can anyone help me out?


  • #186
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Meesared wrote: »
    Hey everyone, started a new job recently, and I'm getting taxed a lot more this month than before, even though I only earned €50 over the previous months. These are the details;

    Gross pay: 1903.38
    PAYE 233.42
    PRSI 76.14
    USC 82.23

    Previous month:
    Gross Pay: 1853.38
    PAYE 101.51
    PRSI 74.14
    USC 43.02

    I don't really understand why there is an extra €170 taken out of my pay for only another €50 being added to my gross

    Can anyone help me out?
    Was there a period of unemployment before you started your new job?

    What was your pay for the rest of the year.

    What is your tax credits and cut off point.


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  • #187
    Meesared
    Registered Users, Registered Users 2 Posts: 2,234 ✭✭✭Meesared


    CIARAN_BOYLE wrote: »
    Was there a period of unemployment before you started your new job?

    What was your pay for the rest of the year.

    What is your tax credits and cut off point.
    No there was no unemployment.

    My tax credits are €3,351.50

    Standard rate cut off point is 33,800.00

    Gross pay to date this year is €6660.93


  • #188
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Meesared wrote: »
    No there was no unemployment.

    My tax credits are €3,351.50

    Standard rate cut off point is 33,800.00

    Gross pay to date this year is €6660.93

    If thats your pay to date (3 months) I would estimate PAYE to date should be €482.44 and USC should be €386.26.

    No idea why its fluctuating month by month.


  • #189
    Meesared
    Registered Users, Registered Users 2 Posts: 2,234 ✭✭✭Meesared


    To date im at €595.50 PAYE and USC at €235.39

    My pay fluctuates a bit month to month, due to overtime and bonuses and stuff, and I'd expect my tax to change a bit with it, but €170 from one month to the next, seems like a lot. Also a total deductions (all tax) of €391.79 on a pay cheque of 1900 seems high (maybe its just the change from last month is throwing me)


  • #190
    MB Motors
    Registered Users, Registered Users 2 Posts: 3 ✭MB Motors


    allthedoyles wrote: »
    As a single person your March payslip is correct
    e i c see it but whats happen with all the tax that i overpay in previous months ? and march as on 2 payslips for march there is over 100e diffeence in tax so where this money go ?


  • #191
    boxy_80
    Registered Users, Registered Users 2 Posts: 9 ✭boxy_80


    hey...

    I have some questions about taxation on married couples.

    I got married in Feb last year. My husband at the time was PhD student and getting paid some stipend. However, he stopped getting paid from September last year. So from Sept last year, I am the sole earner.

    How can I get tax relief for a dependent or if there is any way to pay less tax?

    I called the tax office and they sent the Assessable spouse/ Nominated Civil partner Election form. I do not know how to fill it up and how can it help us?

    Thanks


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  • #192
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,893 ✭✭✭allthedoyles


    boxy_80 wrote: »
    hey...

    I have some questions about taxation on married couples.

    I got married in Feb last year. My husband at the time was PhD student and getting paid some stipend. However, he stopped getting paid from September last year. So from Sept last year, I am the sole earner.

    How can I get tax relief for a dependent or if there is any way to pay less tax?

    I called the tax office and they sent the Assessable spouse/ Nominated Civil partner Election form. I do not know how to fill it up and how can it help us?

    Thanks

    I would'nt bother with that form now - Its mainly for sorting out the current tax year you are in.

    So best at this stage to ask for a balancing statement for 2015 , outlining your circumstances in that year and ask the tax office to calculate on the basis of whichever method of assessment is most beneficial to you .


  • #193
    taxclueless
    Registered Users, Registered Users 2 Posts: 1 ✭taxclueless


    Howya,

    I started a new job recently, and I can't for the life of me work out how my tax is going to work for the lump sum that I'm getting as part of the deal.

    I was given a starting salary of €36,000 which I think puts me into the higher tax bracket, but I'll be getting a lump sum this month of €4,000 as a sign on bonus. Can anyone tell me how much of that lump sum I'll actually see? Will it be taxed at 40% and thus I'll only see about 2 grand, or what's the story?


  • #194
    P_1
    Registered Users, Registered Users 2 Posts: 14,681 ✭✭✭✭P_1


    Hi Everyone, just a quick one. My annual gross pay is comfortably below the standard rate cut off for being taxed at 40%. This month I'll be doing a bit of overtime that will take my monthly gross above the cut off. Will I be able claim that back in a P21 next year as my annual gross pay will still be below the cut off, or indeed will it even be taxed at the 40% as my cumulative gross pay so far this year will be below the cumulative cut off?

    Thanks


  • #195
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    P_1 wrote: »
    Hi Everyone, just a quick one. My annual gross pay is comfortably below the standard rate cut off for being taxed at 40%. This month I'll be doing a bit of overtime that will take my monthly gross above the cut off. Will I be able claim that back in a P21 next year as my annual gross pay will still be below the cut off, or indeed will it even be taxed at the 40% as my cumulative gross pay so far this year will be below the cumulative cut off?

    Thanks
    On your payslip there should be a note called Taxation basis. It should say normal or cumulative. If it does if your gross pay for the year is below the cumulative cut off point you will never be taxed at 40%. If you are taxed at 40% you should get a higher than normal net salary the following month to make up for it.


  • #196
    Spirogyra
    Closed Accounts Posts: 1,184 ✭✭✭Spirogyra


    Hi im wondering what the taxtation on the sale of shares is ? Is it 30% of any profits ,less the cost of sale,with the first 1000e exempt?. I've both green REIT and boi shares. The former in profit, the later in significant loss. I want out of shares. Thanks s


  • #197
    Blizzard
    Registered Users, Registered Users 2 Posts: 223 ✭✭Blizzard


    Hi, Just wondering if anyone can advise on this as I can't find a calculator to figure out the tax that would be paid out on a take-home hourly wage. I was offered a job whereby the minimum amount I will make is €15 to me - meaning that the tax, prsi, usc will already be taken out and I will be left with €15. Is there a calculator or can someone advise what the gross hourly rate would be on that wage. I'm married & my partner works too. Any advice/help? Thanks.


  • #198
    DmanDmythDledge
    Registered Users, Registered Users 2 Posts: 895 ✭✭✭DmanDmythDledge


    Blizzard wrote: »
    Hi, Just wondering if anyone can advise on this as I can't find a calculator to figure out the tax that would be paid out on a take-home hourly wage. I was offered a job whereby the minimum amount I will make is €15 to me - meaning that the tax, prsi, usc will already be taken out and I will be left with €15. Is there a calculator or can someone advise what the gross hourly rate would be on that wage. I'm married & my partner works too. Any advice/help? Thanks.
    That's difficult question to answer without a lot more information. I would also be wary about any employer agreeing to that (would be stupid as well from their point of view). It would all be dependent on your annual takings as well (and weekly as well for PRSI).

    There's a number of variables that will effect the above, for example if your partner stopped working or if their annual earnings were to reduce then so would your gross pay if you are agreeing a fixed net pay. Why would you come to an arrangement that could you see lose out in the future?

    What I would advice is to work out what the gross rate should be in order for you to achieve a take home rate of €15 per hour and agree a gross rate rather than a net rate.

    A few bits of information needed:
    • What is your partner's annual earnings?
    • How many hours a week/year will you be working?
    • Are you jointly assessed for tax purposes (credits, rate bands, etc)?
    • Who is the assessable spouse?

    That might be enough information to help you but more information may be required to answer your query accurately.


  • #199
    Blizzard
    Registered Users, Registered Users 2 Posts: 223 ✭✭Blizzard


    Thanks for your reply DmanDmythDledge; I couldn't fathom how to work it out to get that amount paid out to me. I also agree that in my best interests and the employers it would be better to just agree on a set gross rate. Thank you for all the other info you listed, much appreciated.


  • #200
    Vorsprung
    Registered Users, Registered Users 2 Posts: 2,816 ✭✭✭Vorsprung


    Hi guys, finding the tax relief on 3rd level courses confusing. Would there be any tax relief allowable for a part time student attending a public college, paying fees of €2250 for a one year course? Many thanks!


  • #201
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Vorsprung wrote: »
    Hi guys, finding the tax relief on 3rd level courses confusing. Would there be any tax relief allowable for a part time student attending a public college, paying fees of €2250 for a one year course? Many thanks!

    depends on the course, the college and whether the student had paid any tax during the period.


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