Emergency tax is for those who have started their first job or done a job switch recently. This means that when you start a new job, your employer is supposed to apply emergency tax rates to your initial salary.
Your employer has to apply emergency tax to your income, provided you haven’t supplied sufficient information when starting your new job
On the other hand, if you haven’t produced your PPS details to your employer, then you have to bear a higher tax rate of 40% on your income while you are being charged emergency tax
To avoid getting into emergency tax in Ireland, you have to:-
If you fail to complete either of the above, you will be subjected to paying emergency tax on your income.
You can start applying for a refund on the amount you have paid once you stop paying emergency tax.
Once you applied for a tax rebate on emergency tax, you will receive this refund automatically in your paycheque depending on your employer’s payroll process.
Our tax experts can apply for a tax and USC refund on your behalf provided you have left your job before receiving a refund on your emergency tax paid and is currently unemployed. This is applicable for current as well as previous years.
So, if you have any doubts or clarifications required on your eligibility on emergency tax or if you require any assistance on the same, contact our accountants in Dublin 15. We will make sure you receive the highest average tax rebate in Ireland at a genuine fee. That’s our PROMISE!!
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TASC is an international accountancy firm with eminent chartered accountants, corporate financial advisors, and tax consultants. we also have offices in Ireland, London, and India