03 Oct 2022

Does the taxman owe you money?

€620 million in overpaid tax still to claim: taxpayers urged not to leave their €1,800+ “Windfall” unclaimed  

Tax refunds

€620 million in Overpaid Tax Still to Claim: Taxpayers Urged to Not Leave their €1,800+ “Windfall” Behind  

Based on recent provisional figures from Revenue indicating that up to €300m was potentially overpaid by taxpayers in 2021, tax refund specialists have released their Customer Index 2021, detailing how much Irish people are claiming back, who is best at claiming and what are the top reliefs and refunds. 


The Index reveals that between the end of 2020 and the end of 2021, the average refund claimed by taxpayers was €1,880 – up from €1076 in previous years.

Medical expense tax refunds were found to retain the top spot as the most common relief claimed in the year. The data, which looks at the refunds that’s clients applied for and received over the previous 12 months, highlights the fact that men in Ireland are more active than their female counterparts in claiming what’s owed and that they tend to get higher refunds when they do.

The most popular refunds include: medical expenses, tuition fees, flat rate expenses, working from home relief, home carer's credit, nursing home relief, rent a room relief, employ a home carer relief, dependant relative credit and home renovation incentive and rent relief. 


Speaking of the findings, Joanna Murphy, CEO of commented,

“Although we’re only halfway through the year, 2022 has already seen record levels of inflation, jumping to a 40 year high and hitting the pockets of Irish households hard.  Most of us are looking to tighten our belts …. And yet, in the last few weeks, we learn that 450,000 people overpaid a total of €300m in income tax in 2021. If we go back even further, to the last year in which people can still claim, Revenue records reveal that since 2019 €620m has been overpaid.

“So the question remains – how do we get people to claim what they are owed?

“You mention the word tax and people’s eye glaze over! But if you tell people how their colleagues, friends, family and neighbours are getting money from Revenue, they are understandably much more engaged. That’s where the Index comes in”.

Ms. Murphy went on to comment,

“The reality is that we’re really not great in this country for claiming the reliefs and refunds owed – which is a shame because many households throughout the country could really benefit from that added cash injection. Many people are still unwilling to apply for a tax refund possibly because they believe it’s a difficult process or a ‘hassle’, but the reality is it’s very straightforward, and only requires a little prep in terms of keeping receipts or following up with your health practice or dentist etc. to obtain the ones you don’t have.”


Ms. Murphy concluded,

“We would encourage everyone to take greater stock of their financial well-being and ensure they are not overpaying in tax. While we understand that tasks relating to tax refunds and reliefs may seem confusing at first - or even overwhelming - there is plenty of help available, either online through Revenue, or through a trusted tax agent.”

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