Revenue

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Flat Rate Expenses ‘U-Turn’

As reported in the independent.ie on 05th December, it appears the Government are about to do a U-turn on abolishing or reducing flat rate expenses for nearly 600,000 employees

Flat rate expenses are to cover work-related expenses and as we previously advised, Revenue had undertaken a review of these to be withdrawn from 1st January 2020.

It seems due to ongoing pressure and opposition from various trade unions this will now been postponed until 01st January 2021.

A Department of Finance spokesperson said, “work is ongoing on this matter”.

“Minister Donohoe will be in a position to make a statement in respect of this in due course,” they said.

We hope to have further details soon…

Get up to date and catch up on our previous blog here!

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Flat Rate Expenses to be abolished from 2020

Do you qualify for Flat Rate Expenses in relation to your profession?

Flat Rate Expenses are employment expenses claimable depending on the profession you are in.

Revenue have undertaken a review of these and despite opposition from many trade unions they will be withdrawn from 1st January 2020. If you qualify for flat rate expenses, you can still claim these for the tax years 2015 – 2019.

Please note the 2015 tax year must be claimed by the 31st December 2019. Ensure you claim this entitlement while it is still available to you.

A list of qualifying professions are available here; https://www.revenue.ie/en/employing-people/employee-expenses/flat-rate-expense-allowances/index.aspx


Why not avail of our ClaimMyTaxBack.ie service for PAYE only?

We can review the last four years for you and calculate if you are entitled to a refund for any of those years.

This review is undertaken on a No Refund/No Fee basis. Therefore, if you are not due a refund, no fee applies.

If a refund is due, our fee is 10% of your refund (minimum of €35) per year.

Should you wish to avail of this service, please request an application form at taxback@claimmytaxback.ie or visit our website www.claimmytaxback.ie


While you’re here…why not read our recent blog, on claiming your tax back for the year 2015 by 31st December 2019 deadline

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Revenue advising taxpayers to claim their entitlements before 31 December Deadline

As reported through rte.ie, Revenue are currently writing to over 130,000 PAYE taxpayers that have not claimed any additional tax credits/reliefs in the previous four years, reminding them to claim their entitlements for the year 2015 before 31st December 2018.

As you may be aware, there is a four-year time limit on claiming tax back on for example; medical expenses, tuition fees and for claiming tax credits/reliefs on for example, home carer’s credit.

Pat Murphy, National PAYE Manager in Revenue’s Personal Division explains;

“You can claim a refund of tax paid if there are entitlements you are due but have yet to claim,” he said.

“However, there is a four-year time limit for claiming tax refunds and the deadline for 2015 claims is December 31, 2019, so now is a good time to check that you have claimed all of your entitlements.”

If you have a claim for 2015, you need to submit this by 31st December. Generally, Revenue are issuing refunds within 5 days so there is still time to claim yours before Christmas!

Why not avail of our ClaimMyTaxBack.ie service for PAYE only?

We can review the last four years for you and calculate if you are entitled to a refund for any of those years.

This review is undertaken on a No Refund/No Fee basis. Therefore, if you are not due a refund, no fee applies

If a refund is due, our fee is 10% of your refund (minimum of €35) per year.

Should you wish to avail of this service, please request an application form at taxback@claimmytaxback.ie or visit our website www.claimmytaxback.ie

Should you have any queries on this issue, please contact us on 01 5397999

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Revenue now communicating with Residential Tenancies Board on rental properties

The Residential Tenancies Board (RTB) have always shared information with Revenue, but this will be the first year Revenue have sought confirmation that a landlord has registered with them in order to claim tax relief on their mortgage interest paid.

As reported in the Irish Times on Friday 06.09.19, landlords will need to ensure they have registered their properties with the RTB before October 31st.

Revenue have also pre-populated this year’s Form 11 tax forms with rents shared by local authorities for those letting out properties through HAP.

Read more on this article click here

Why not also read our Rental Income including Airbnb blog here

Should you have any queries on this issue, please contact us on 01 5397999 or request our rental income and application form here

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