Dáil Éireann Debate, Tuesday - 27 February 2024
156. Deputy Richard Bruton asked the Minister for Finance the process through which the Revenue Commissioners estimate tax that may have been overpaid by PAYE workers (details supplied); and, in particular, whether this is based on an assumption about tax allowable expenses claimed by these individuals, or by applying some inference about these taxpayers from the claims made by others. [9280/24]
View answerI am advised by Revenue that the estimation of tax overpaid by PAYE taxpayers is based on the total of all Preliminary End of Year Statements (PEOYS) where an overpayment of tax is indicated.
The PEOYS is made available to all PAYE taxpayers at the end of each tax year and sets out the provisional tax position for that particular year, indicating whether the correct amount of tax and/or USC has been paid based on information, such as income and credits/reliefs, already on Revenue records.
Revenue have confirmed that, where a PAYE Income Tax Return is not completed, it is not possible to confirm the final tax position as individual circumstances differ and additional credits or reliefs may be available and additional income may be declared.
