If you work a second job (or maybe even multiple jobs), you are no doubt used to having a busy schedule!
That said, it may be worth your while to set aside some time to take a look at your tax situation.
If you have been working more than one job and don’t have your tax credits split correctly, you more than likely have been overpaying tax.
In this handy guide, we’re going to take a look at some of the tax reliefs you may be able to claim if you work multiple jobs.
Can you claim tax back from a second job?
Yes, as mentioned above it is very likely that you will be due tax back if you work a second job, especially if your tax credits are not split correctly.
It is compulsory for each employer you work with to have a Tax Credit Certificate (TCC). Failure to have this can result in your new employer deducting the wrong amount from your salary. That’s why it is always a good idea to inform the Revenue as you start work at your second job and they can send you a new Tax Credit Certificate (TCC).
If you have not informed Revenue, or your employer has deducted the wrong amount of tax from your salary, the easiest way to claim your overpaid tax is to apply with Taxback.com.
It’s very quick and easy to apply and find out how much you’re owed. We offer a ‘no refund, no fee’ policy, so don’t worry if you’re not owed money, you won’t be charged for your tax assessment.
How do I split my tax credits and rate bands between jobs?
There are a number of options that you can possibly choose from here.
· Leave all your tax rate band, tax credits, and Universal Social Charge (USC) rate band with your main job
· Divide your tax credits, tax rate band, and USC rate band between your jobs in any way you wish
· Transfer any unused tax rate band, tax credits, and USC rate band to your other jobs.
It is important to know that splitting your tax credits and rate bands between jobs will not change the total amount of tax you must pay. It will ensure that you pay an even amount of tax in each job, and you get the full benefit of your rate bands and tax credits during the year.
It is also important to note that some tax credits or deductions, like flat-rate expenses, cannot be split because they are only given for specific jobs. The average Irish tax refund is €1,880
The average Irish tax refund is €1,880
What do I have to do before starting my second job?
It is your employer’s responsibility to register your new employment, except where it is your first employment in the state.
In the case where your employer does not register your employment, it is possible to register on the Revenue website yourself.
To ensure you pay the correct amount of tax, it is a good idea to allocate your tax credits and rate band between your existing and your new employment(s).
Each employer will then receive a RPN (Revenue Payroll Notification) that instructs them on the correct deductions to make.
If you have been receiving a pension from a former employer (occupational pension) for tax purposes, this is taken to be your main employment.
How to claim your tax refund?
When applying for your tax refund there are two main options.
It is possible to apply for your entitlements directly yourself.
However, the best way to ensure you are claiming everything you’re entitled to and receiving your maximum refund is to apply with Taxback.com.
How it works
Claiming your tax back with Taxback.com could not be easier!
Our team will take care of all the tricky paperwork for you, and transfer your maximum refund straight to your bank account.
The average Irish tax refund is €1,880
· No complicated forms – simple online process
· Maximum tax refund guaranteed, our average Irish refund is €1,880.
· The tax refund goes straight to your bank account.
· Our live chat team are available 24/7 to answer any of your tax-related questions.