Written answers

Tuesday, 22 February 2022

Photo of Aindrias MoynihanAindrias Moynihan (Cork North West, Fianna Fail)
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45. To ask the Minister for Finance the amount his Department estimates it received in overpaid PAYE taxes in 2020 and 2021; the measures that are in place to make persons aware of any overpayments; and if he will make a statement on the matter. [9684/22]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that it has to date refunded €409 million to PAYE taxpayers in respect of 2020 and €250 million in respect of 2021. Any overpayments due to PAYE taxpayers can only be quantified when they submit their tax returns at the end of the year and claim any additional credits or reliefs that may be due. For this reason, it is not possible to provide the Deputy with an estimate of potential overpaid tax for the years in question.

Revenue has also confirmed that it issues reminder letters every year to PAYE taxpayers who did not claim any additional credits in the previous four years, advising them that they may be entitled to further tax relief depending on their individual circumstances. The reminder letters also advise taxpayers of the four-year time limit in respect of submitting such claims. For example, income tax returns from PAYE employees in respect of 2021 may be submitted up to 31 December 2025.

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