The Cost of Living Thread |
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Sham157
Moderator Group Joined: 17 Jul 2009 Location: Monaghan/Dublin Status: Offline Points: 33210 |
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Cabra Hoop
Roy Keane Joined: 06 Feb 2012 Location: Royal County Status: Offline Points: 10838 |
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Anyone claimed the wfh tax credit ? System seems devised to discourage people from applying for it.
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" BFC always gives me a laugh........ "
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Huggybeer
Liam Brady Joined: 29 Mar 2011 Location: Ireland Status: Offline Points: 1438 |
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I put in €896.88 and went through ok |
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Getting old and intolerant
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counterlock
Davey Langan Joined: 07 Feb 2013 Status: Offline Points: 909 |
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I put in 1800, heating electricity and broadband and its worth a tax credit of 242 euros
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Deane
Liam Brady Joined: 17 Oct 2014 Location: Co Down Status: Offline Points: 2945 |
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What did you expect? I think thats pretty good. Think of all the money you would have saved not having to travel to work as well.
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counterlock
Davey Langan Joined: 07 Feb 2013 Status: Offline Points: 909 |
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Don't get me wrong, it's better than nothing but real value of it is the taxable amount on that, so only about 2 or 3 euros a week.
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Saint Tom
Jack Charlton Joined: 03 Jan 2009 Location: Ireland Status: Offline Points: 9981 |
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You've actually done better than the allowance there, so you might have calculated wrongly.
1800 x 30% x marginal rate can only be €216 at most (higher rate) and assumes you worked from home every day, which is impossible. The most days you work in a year with annual leave and bank holidays is 225, assuming you worked from home all the time , so should then be multiplied by 225 and divided by 365.
Edited by Saint Tom - 24 Jan 2023 at 4:35pm |
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My destination inchicore my next stop being kilmainham
Where patriots and super saints are the topics of conversation |
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Artie Ziff
Ray Houghton Joined: 10 Oct 2007 Status: Offline Points: 3619 |
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Out of that €1800how much extra are you paying towards wfh? Standing charges, broadband etc would all be the same if you were working in an office.
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It would damage this forums' reputation
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counterlock
Davey Langan Joined: 07 Feb 2013 Status: Offline Points: 909 |
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You are right, it was 1437 EUR, 205 days remote. |
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Cabra Hoop
Roy Keane Joined: 06 Feb 2012 Location: Royal County Status: Offline Points: 10838 |
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WFH formula seems to be Cost of Bills x days wfh ÷ 365, that figure x 30%, that figure multiplied by your tax rate. So say your bills are 3k and you pay tax at 20%, and wfh 135 days = 3,000 x 135 ÷ 365 = 1,100 × 30% = 330 x 20% = a €66 tax rebate. For 2020 and 2021 only 10% of utility bills were eligible.
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" BFC always gives me a laugh........ "
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horsebox
Robbie Keane Born n bred in darndale. Joined: 03 Feb 2010 Location: Ireland Status: Offline Points: 34863 |
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Where is this done?
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It was far across the sea,
When the devil got a hold of me, He wouldn't set me free, So he kept me soul for ransom. na na na na na na na na na na na na na na na na na. I'm a sailor man from Glasgow to |
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Cabra Hoop
Roy Keane Joined: 06 Feb 2012 Location: Royal County Status: Offline Points: 10838 |
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" BFC always gives me a laugh........ "
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BigStrongMan
Robbie Keane Just Modding Like Joined: 22 May 2009 Location: Ireland Status: Offline Points: 107633 |
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Lot of hassle with all that sh*te. I wouldn’t know where to start
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PM me for all forum moderation queries.
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Saint Tom
Jack Charlton Joined: 03 Jan 2009 Location: Ireland Status: Offline Points: 9981 |
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10% for gas and electricity and 30% for broadband in 2020 and 2021. All 30% from 2022
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My destination inchicore my next stop being kilmainham
Where patriots and super saints are the topics of conversation |
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Saint Tom
Jack Charlton Joined: 03 Jan 2009 Location: Ireland Status: Offline Points: 9981 |
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Couldnt be easier. My account on revenue. Asks you for the bill amounts and the number of remote days in the year. Money back in the bank two days later. Edited by Saint Tom - 24 Jan 2023 at 6:28pm |
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My destination inchicore my next stop being kilmainham
Where patriots and super saints are the topics of conversation |
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9fingers
Paul McGrath Ballymun Resident #MONKEANO Joined: 30 Jan 2010 Status: Offline Points: 16144 |
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Probably for the best chief. You’d owe them thousands
Edited by 9fingers - 24 Jan 2023 at 6:31pm |
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Saint Tom
Jack Charlton Joined: 03 Jan 2009 Location: Ireland Status: Offline Points: 9981 |
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We all don't go on fancy holidays to Dundalk.
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My destination inchicore my next stop being kilmainham
Where patriots and super saints are the topics of conversation |
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BigStrongMan
Robbie Keane Just Modding Like Joined: 22 May 2009 Location: Ireland Status: Offline Points: 107633 |
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PM me for all forum moderation queries.
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