Experts at www.taxback.com are calling on all taxpayers to make one particular New Year’s resolution this year – to get what is owed to them back from the taxman.
Taxback.com say that their average PAYE refund is €880 and that the effort it requires people to get this is small.
Senior Tax Manager at www.taxback.com, Barry Flanagan said, "Every year we have the same message – get what’s owed to you in tax refunds. And while tax efficiency has become more commonplace amongst the Irish public, there are still thousands of people who will leave millions of Euro with the taxman this year – don’t be one of them!
"Austerity budgets may be over but there’s no doubt that the last few years have seen people pay more in taxes and charges, stealth and otherwise, than ever before. This should really bring it home to people that they absolutely should claim back their entitlements from these years. Although there have been a variety of cuts to tax reliefs in recent years many people are unaware that you can go back up to four years - from January 1st you can claim back any tax refund entitlements from 2012 – 2015."
He added, "Overpaid tax is also an area which results in many people receiving much welcomed refunds from the Revenue. This can occur inadvertently – especially if you have changed employment during the year or returned home from abroad. Individuals should look back on their income tax and USC payments to ensure that they have not overpaid in prior years and should claim a refund before it’s too late."
Source: www.businessworld.ie