PAYE (Pay As You Earn) was introduced in the late 1950's as means to assist employees with paying their income tax and to make the process of tax payment and collection smooth. Prior to PAYE introduction, employees had to pay their income tax on the same basis as self-employed individuals.
With effect from 6 April 2001, Tax Credits replaced tax-free allowances. That means that you may be entitled to credits and reliefs to reduce the amount of tax you pay. For example, you might be entitled to credits if you pay charges for refuse collection, as well as trade union subs or rent in respect of private accommodation.
According to the Revenue Commissioners, there were 1.4 million claims for tax reliefs in 2009, more than three times the number of claims in 2004 (around 402,000).
We are happy to offer a free review of your tax paid and only charge 20% (including VAT) of tax refunded when your refund has cleared to your bank account.