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    P21 Balancing Statement 2018 124615500017

    Uploaded by

    Aurimas Auris
    1) Mr. Aurimas Pilikis received income from two employers in 2018 totaling €35,649.22. 2) His tax liability for 2018 is €8,566.19, which includes tax credits of €3,300. Tax deducted was €5,238.67, leaving an underpayment of €27.52. 3) His USC liability was calculated as €1,007.95 based on his income. With USC deducted of the same amount, his final result is balanced at €0.

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    P21 Balancing Statement 2018 124615500017

    Uploaded by

    Aurimas Auris
    50 views2 pages
    1) Mr. Aurimas Pilikis received income from two employers in 2018 totaling €35,649.22. 2) His tax liability for 2018 is €8,566.19, which includes tax credits of €3,300. Tax deducted was €5,238.67, leaving an underpayment of €27.52. 3) His USC liability was calculated as €1,007.95 based on his income. With USC deducted of the same amount, his final result is balanced at €0.

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    P21_Balancing_Statement_2018_124615500017 (1)

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    1) Mr. Aurimas Pilikis received income from two employers in 2018 totaling €35,649.22. 2) His tax liability for 2018 is €8,566.19, which includes tax credits of €3,300. Tax deducted was €5,238.67, leaving an underpayment of €27.52. 3) His USC liability was calculated as €1,007.95 based on his income. With USC deducted of the same amount, his final result is balanced at €0.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views2 pages

    P21 Balancing Statement 2018 124615500017

    Uploaded by

    Aurimas Auris
    1) Mr. Aurimas Pilikis received income from two employers in 2018 totaling €35,649.22. 2) His tax liability for 2018 is €8,566.19, which includes tax credits of €3,300. Tax deducted was €5,238.67, leaving an underpayment of €27.52. 3) His USC liability was calculated as €1,007.95 based on his income. With USC deducted of the same amount, his final result is balanced at €0.

    Copyright:

    © All Rights Reserved
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    of 2

    ££pdfname££ 0124615500017_1 gfdID−ENTITYdfg1246155MgfdID−ENTITYdfg

    In all correspondence please quote: Pat Murphy


    PPS No: 1246155M Personal Division
    PAYE Services
    Notice No: 01246155−00017L P.O. Box 327, PAYE Mail Centre
    Churchfield, Co. Cork
    yp21 V566 * R O S 18022020
    Enquiries: 01 7383636
    MR AURIMAS PILKIS
    82 GREENCASTLE ROAD 18th Feb 2020
    BONNYBROOK
    DUBLIN 17
    DUBLIN 17

    Amended PAYE/USC STATEMENT OF LIABILITY FOR THE TAX YEAR 2018


    PAYE Calculation €
    Income (See Panel 1 overleaf for a breakdown) 35,649.22
    Less: Deductions (See Panel 3 overleaf for a breakdown) 0.00

    Taxable Income 35,649.22

    € €
    Charged as follows 34,550.00 @ 20 % = 6,910.00
    1,099.22 @ 40 % = 439.69

    Tax Due: 7,349.69


    Plus: Tax Retained by you (See Panel 5 overleaf for a breakdown) 0.00
    Adjustments (See Panel 7B overleaf for a breakdown) 1,216.50
    Gross Tax Payable 8,566.19
    Less: Tax Credits (See Panel 4 overleaf for a breakdown) 3,300.00
    Taxes Deducted (See Panel 2 overleaf for a breakdown) 5,238.67
    Reliefs (See Panel 6 overleaf for a breakdown) 0.00
    Adjustments (See Panel 7A overleaf for a breakdown) 0.00 8,538.67
    PAYE Result: Underpayment 27.52

    Income Chargeable to USC (see panels 9 and 10 overleaf for a breakdown)


    € € € €
    SELF 12,012.00 @ 0.5% = 60.06
    7,360.00 @ 2% = 147.20
    16,277.22 @ 4.75% = 773.17

    Less: USC Deducted: 1,007.95


    USC Result: Overpayment 27.52

    Final Result: Balanced 0.00

    Treatment of Result

    Notice
    I, the above named Inspector, give notice that I have directed that this statement shall be treated in all respects as if it were an assessment
    to tax raised on you.

    What if you do not agree with the result on this PAYE/USC Statement of Liability?
    If you do not agree that the result reflects your income or your claims for tax credits, allowances or reliefs for the tax year; you may contact
    us through myAccount (using MyEnquiries) on www.revenue.ie or by using the phone number or address shown above. We will recheck
    the result and, if appropriate, make any necessary change.

    Appeal this Statement to the Tax Appeals Commission (an independent statutory body)
    If you wish to appeal against this Statement, you must do so within the period of 30 days after the date of this Statement by completing and
    submitting a Notice of Appeal form to the Tax Appeals Commission (TAC). The Notice of Appeal form, which is available on the TAC's
    website www.taxappeals.ie contains the address to which an appeal is to be sent. You will be required to submit a copy of this Statement
    with your Notice of Appeal.
    gfdID−ENTITYdfg1246155MgfdID−ENTITYdfg
    Explanation Panels for PAYE/USC Statement of Liability

    Panel 1 Panel 2
    Income from Employments, Pensions Tax Deducted €
    and other sources Income €
    SELF SELF
    FITZPATRICKS & HANLEYS LTD 10,450.04 693.66
    BSS SUBCONTRACTORS LIMITED 25,199.18 4,545.01

    Combined Total 35,649.22 5,238.67

    Panel 3 € € Panel 4 € €
    Deductions SELF Tax Credits SELF

    Personal Tax Cr 1,650.00


    Employee Tax Cr 1,650.00

    Combined Total Combined Total 3,300.00

    Panel 5 € € Panel 6 € €
    Tax Retained By You On SELF Reliefs SELF

    Combined Total Combined Total

    Panel 7A € Panel 7B € €
    Adjustments SELF Adjustments SELF
    Refunds Received 1,216.50

    Combined Total Combined Total 1,216.50


    Panel 7A decreases tax payable while Panel 7B will increase tax payable

    Employments, Incomes and Panel 9 Panel 10


    Reliefs chargeable to USC USC Income USC Deducted
    SELF SELF
    FITZPATRICKS & HANLEYS LTD 10,450.04 194.75
    BSS SUBCONTRACTORS LIMITED 25,199.18 813.20

    USC Total 35,649.22 1,007.95

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