RegulationAccounting Standards‘Irish tax forms too hard to understand’

'Irish tax forms too hard to understand'

Institute makes call after PAYE repayments

The Irish Taxation Institute (ITI)
has called for tax reclaim forms to be made much easier to understand after
Revenue Commissioners paid back more than €440m (£330m) to workers who paid too
much tax. 

The ITI said the amount of the claims was not surprising.

Repayments were made to 667,957 PAYE workers whose claims stretched back four
years, following a major publicity campaign.

A survey carried out by the ITI last year showed half of all taxpayers did
not understand the tax system – and don’t believe they get the right tax relief.

The Consumers Association of
Ireland
said despite the publicity campaign, ‘huge’ numbers are unaware of
their entitlements.

Further reading:

Geldof accused of £2.25m IHT dodge

Institute pushes for low corporation tax in NI

Irish accountants plead for corporate tax cut

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