Taxpayers failing to claim back thousands
CONSUMERS are losing out on thousands of euro each in tax refunds because they are failing to claim what they are owed by the Revenue Commissioners, a tax consultant said.
But the revenue has defended its efforts to inform consumers about their entitlements to tax refunds.
Managing director of Irish Tax Store Philip Doyle said consumers were paying too much in income tax and pay-related social insurance because they were not claiming their full entitlements and allowances.
Large numbers of taxpayers were failing to make claims to the Revenue for tax credits such as refuse charges, expenditure on medicines and doctors, and rent relief.
"The average Pay As You Earn (PAYE) worker does not know they are entitled to a refund because we have to accept our wage slips as being correct.
"Unfortunately, we know that the average PAYE worker is not claiming all their correct allowances and it is up to them to correct this," Mr Doyle said.
A spokeswoman at the Revenue Commissioners said: "Over the past five years, the number of people claiming PAYE credits has trebled -- a clear indication that our efforts to inform people of their entitlements, over many years, have been successful."
Tax relief for expenditure of up to €400 can be claimed for paying service charges. This is given at the standard rate of 20pc (so you can get up to €80 in a tax credit), but this relief is due to go next year.
The home carer's credit of €900 may be claimed by a married couple where the husband or wife cares for one or more dependant children, and where they are jointly assessed.
Tax relief is available on trade-union subscriptions up to €350, which equates to a tax credit of €70.