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Tax Question - Form 12

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Topic: Tax Question - Form 12

Posted By: Shoco
Subject: Tax Question - Form 12
Date Posted: 31 Jan 2019 at 9:56am

So I'm filling in my form 12 so I can request a balancing statement.

I was off sick for a number of weeks last year, my employer received my illness benefit payments and I was paid as normal while I was off.

So when filling in the form 12, my gorss taxable pay is x

And in the non PAYE section the illness benefit payment is y

But that's giving me a total income of x+y, is that correct?

Should my illness benefit be 0 as it was paid to my employer and not me and I already paid tax on it?

I have tried ringing them on the phone but end up on hold for ages.

I should be due a load of tax back as after I returned to work and sent in a final cert, however DEASP continued to make payments to my employer for another 10 weeks!! So as a result I was taxed on this even though my employer held on to the money until DEASP realised their mistake and asked for the money back. Took ages to get this sorted.

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YOUR 3 IN A ROW LEAGUE CHAMPIONS

Replies:

Posted By: LO SCIENZIATO
Date Posted: 31 Jan 2019 at 10:22am

sorry to hijack your thread shoco but after your question is answered... My question..... got married recently, what is the best thing to do with tax credits etc and any other tax tips?

Posted By: Sham157
Date Posted: 31 Jan 2019 at 2:34pm

Shoco wrote:

So I'm filling in my form 12 so I can request a balancing statement.

I was off sick for a number of weeks last year, my employer received my illness benefit payments and I was paid as normal while I was off.

So when filling in the form 12, my gorss taxable pay is x

And in the non PAYE section the illness benefit payment is y

But that's giving me a total income of x+y, is that correct?

Should my illness benefit be 0 as it was paid to my employer and not me and I already paid tax on it?

I have tried ringing them on the phone but end up on hold for ages.

What I did was just put the details as per my P60. As the benefit went to your employer you did not see it so the illness was not paid to you. Done mine for last year there last week and got €20 back for attending A&E once. Cool

Posted By: Sham157
Date Posted: 31 Jan 2019 at 2:35pm

LO SCIENZIATO wrote:

sorry to hijack your thread shoco but after your question is answered... My question..... got married recently, what is the best thing to do with tax credits etc and any other tax tips?

As a nurse your missus may is entitled (last time i checked) to a uniform allowance/credit. She probably is claiming it already but just in case..

Posted By: 9fingers
Date Posted: 31 Jan 2019 at 3:17pm

Sham157 wrote:

As a nurse your missus may is entitled (last time i checked) to a uniform allowance/credit. She probably is claiming it already but just in case..

This current tax year is the last time that’ll be available Cry

Posted By: Shoco
Date Posted: 31 Jan 2019 at 3:48pm

Sham157 wrote:

Shoco wrote:

So I'm filling in my form 12 so I can request a balancing statement.

I was off sick for a number of weeks last year, my employer received my illness benefit payments and I was paid as normal while I was off.

So when filling in the form 12, my gorss taxable pay is x

And in the non PAYE section the illness benefit payment is y

But that's giving me a total income of x+y, is that correct?

Should my illness benefit be 0 as it was paid to my employer and not me and I already paid tax on it?

I have tried ringing them on the phone but end up on hold for ages.

Revenue already had a figure in there which is about right for what they paid my employer, I'm guessing it's right but it seems more logical to me to put in 0

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YOUR 3 IN A ROW LEAGUE CHAMPIONS

Posted By: Sham157
Date Posted: 31 Jan 2019 at 8:05pm

Shoco wrote:

Sham157 wrote:

Shoco wrote:

So I'm filling in my form 12 so I can request a balancing statement.

I was off sick for a number of weeks last year, my employer received my illness benefit payments and I was paid as normal while I was off.

So when filling in the form 12, my gorss taxable pay is x

And in the non PAYE section the illness benefit payment is y

But that's giving me a total income of x+y, is that correct?

Should my illness benefit be 0 as it was paid to my employer and not me and I already paid tax on it?

I have tried ringing them on the phone but end up on hold for ages.

Revenue already had a figure in there which is about right for what they paid my employer, I'm guessing it's right but it seems more logical to me to put in 0

Those figures will be from the info your emoloyer provided so go with that.

Posted By: Sham157
Date Posted: 31 Jan 2019 at 8:06pm

9fingers wrote:

Sham157 wrote:

As a nurse your missus may is entitled (last time i checked) to a uniform allowance/credit. She probably is claiming it already but just in case..

This current tax year is the last time that’ll be available Cry

can still claim for the last 4 years though. Greedy bastards though taking that away.

Posted By: ShayGivensBum
Date Posted: 01 Feb 2019 at 9:19am

As far as I know it only really benefits you to be jointly assessed if one spouse doesnt work full time. If you both work full time then its no use. There is a section when you log into PAYE anytime that will show you the best way to split your credits between both of you. You just need to put in your Salaries for the year etc. The option you click on when you log in is divide tax credits.

Posted By: rossieman
Date Posted: 01 Feb 2019 at 9:37am

Sham157 wrote:

9fingers wrote:

Sham157 wrote:

As a nurse your missus may is entitled (last time i checked) to a uniform allowance/credit. She probably is claiming it already but just in case..

This current tax year is the last time that’ll be available Cry

can still claim for the last 4 years though. Greedy bastards though taking that away.

Flat rate expenses gone for some reason but afaik you will still be able to claim back tax for the last 4 years.

Revenue are getting rid of the P forms .This will be the last year you will receive a P60 for example.Their new system is based on real time returns(weekly/montly etc),so a good idea for everyone to set up their account with revenue online .

Posted By: ShayGivensBum
Date Posted: 01 Feb 2019 at 9:49am

Rossie did I hear that we will no longer get p60's or P45's from this year on? Is your employer just obliged to update your details online with Revenue from now on or what way does ir work?

Posted By: 9fingers
Date Posted: 01 Feb 2019 at 9:55am

ShayGivensBum wrote:

Rossie did I hear that we will no longer get p60's or P45's from this year on? Is your employer just obliged to update your details online with Revenue from now on or what way does ir work?

Your p60 is your most recent payslip I believe

Posted By: ShayGivensBum
Date Posted: 01 Feb 2019 at 10:00am

No I dont think so 9F as that wouldnt take in any earlings from other sources that year like other jobs etc. I think we still get a p60 this year but then from now on they're being replaced with an online system. I could be completely wrong though.

Posted By: rossieman
Date Posted: 01 Feb 2019 at 10:11am

ShayGivensBum wrote:

No I dont think so 9F as that wouldnt take in any earlings from other sources that year like other jobs etc. I think we still get a p60 this year but then from now on they're being replaced with an online system. I could be completely wrong though.

You will get a P60 this year but thats the end of it.My understanding of it is from Jan 2019 your employer(s) send your pay details to revenue every time you are paid and your record is updated every time a return is made instead of the old system where I think it was a P35 sent over once a year .

When its fully up and running you should be able to log into your revenue a/c and see what you have earned to date .if you have numerous employers you will be able to see what they all have returned for you and what way you credits are divided etc.

If you change jobs you can register the new one online yourself or cease an old employment.P 60/45/35 will all be a thing of the past.There will be an onus on the employee to keep some things up to date but the employer will be making a lot more returns than previous system.