Times are tough, so you would be foolish to not take any opportunity you can to put an extra few quid back in your pocket. Did you know that the average person who does an income tax return in Ireland received a rebate of €1,037? That is quite the sum of money to be leaving behind and not taking advantage of it.
There are many service providers in Ireland that you can use to claim back tax that you may have overpaid including Taxback.com , taxzap.ie, Irish tax rebates, rebates.ie, and mytaxrebate.ie. But which is the best one to go with? Or should you just try and do it yourself?
Can you not just do it yourself?
Yes you can, it is very easy to start the process yourself via your ‘My Account’ on the Revenue.ie website. If you have not accessed your account before then you will need to register first.
Once logged in you can review your taxes for prior years. You have two options, you can either submit an income tax return or go straight to requesting a statement of liability.
If you have additional tax credits, medical expenses receipts or any of the other qualifying tax deductibles then you should complete an income tax return. If you have additional income that you need to declare then this can also be included at this stage.
If no other expenses or credits to claim then you can go straight to claiming a statement of tax liabilities, which will show you the balance of your taxes – whether you have over or underpaid.
How far back can I claim a refund?
Income Tax Returns must be submitted within four years after the end of the tax year to which the return relates. From January 2022, you can submit an Income Tax Return for the years 2018-2021.
What might be the reasons to go with a provider that specialises in tax rebates?
If all of the above that we have gone through already sounds like a lot of hassle, then here are some reasons why you might be better off using a tax rebate specialist:
- As these service providers are experts in their field they will be able to help you maximise the rebate you can get. Maybe you would not get the same level of rebate if you did it on your own. Making the fees in that case worth it.
- Tax can be a very confusing subject and tax forms and returns are not made easy for the layperson. If you have no experience with tax or making returns with Revenue then it may make a lot of sense to use one of these expert services.
- A lot of these services only require you to spend a couple of minutes of your time to fill out a form and they do all the rest. That way it can be a huge time saver for you.
Who offers the cheapest tax rebate service in Ireland?
Here is a list of some of the most popular tax rebate services in Ireland and their fees.
For PAYE income tax refunds from Ireland Taxback.com charges per tax year 10% + handling fee of the amount approved by the relevant tax office, subject to a minimum processing fee of €40+ handling fee. Complicated cases are charged with an additional flat fee of €30.
For tax refunds under €96, Taxback.com charges 50% of the approved refund amount by the relevant tax office.
Taxzap.ie have a policy of no rebate no fee, which means if you are not due any refunds at all they will charge you nothing for the service.
If you use their service and you are due a refund then they will charge you 7% + VAT or a minimum fee of €25.
Irish Tax Rebates
Irish Tax Rebates also charge you no fees if you are due no rebate. If there is a rebate due to you, our fee is just 7% plus VAT with a minimum charge of €23.
Rebates.ie will charge you 12% + VAT with a minimum charge of €25 and also offer a no rebate no fee policy.
Mytaxrebate.ie also charge you no fees if you are due no rebate. If there is a rebate due to you, our fee is just 7% plus VAT with a minimum charge of €23.
Paye.ie have a no rebate no fees policy and will charge you 15% + VAT and have a minimum charge of €25+VAT.