Tax Blog

Please Note: Articles contained in this blog are correct at time of publication

Are you claiming the correct tax credits?

Are you claiming the correct tax credits?

As reported in the Independent and various media outlets, over €4bn has been refunded by Revenue to taxpayers since 2010. Tax Relief due on medical expenses, nursing home fees, etc have been claimed but this figure also includes overpayment of Income Tax. In our...

Revenue to re-vamp PAYE Tax System

Revenue to re-vamp PAYE Tax System

Revenue have outlined details of its modernisation of the Pay As You Earn (PAYE) tax system, according to their annual report, published last week. It details how this will bring ‘improved accuracy and transparency for Revenue, employers and employees’. It also states...

What dental expenses can I claim for?

What dental expenses can I claim for?

Routine dental treatments such as fillings and extractions are not eligible for tax relief however the following procedures are eligible for 20% tax relief; Crowns Veneers Bridgework Root Canal Treatment Periodontal Treatment Orthodontic Treatment Extraction of wisdom...

Are you claiming expenses for your employment?

Are you claiming expenses for your employment?

As a PAYE worker, you are entitled to claim ‘Flat Rate’ expenses, depending on your profession. Flat rate expenses are one of the most common reliefs that are never claimed for…and it’s up to you to claim it, it is not applied automatically! The allowance is set at...

Claiming a Tax Refund on Tuition Fees

Claiming a Tax Refund on Tuition Fees

Tax relief is available on fees paid for approved Third Level, Foreign Languages and Information Technology courses as long as you have paid the fee for yourself or on behalf of another person, this includes; Tuition Fees & Student Contribution for 2nd and...

Being a Landlord: Does it pay?

Being a Landlord: Does it pay?

Over recent years many people who have never had any ambitions to be a landlord, have found themselves reluctantly becoming one. Having outgrown their home for which they overpaid, they are left with no option but to rent it out, as selling is simply not an option....

Understanding Gift & Inheritance Tax

Understanding Gift & Inheritance Tax

By Damian Wilson “In this world nothing can be said to be certain, except for death and taxes”– Benjamin Franklin In Ireland, we suffer from one of the highest Capital Acquisition Tax (CAT) rates in the world. CAT is a tax charged on individuals who have inherited or...

Why should I file an Annual Tax Return?

Why should I file an Annual Tax Return?

By Damian Wilson Every day of the week we strive to make our money go further. Whether it is comparing our electricity providers, shopping around for an insurance quote or simply choosing Aldi over Tesco. So why is it, a lot of individuals are not reviewing what is...

WAYS TO APPLY FOR A TAX REFUND

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