Don’t be a fool, remember the four year rule. I’m aware that this isn’t the catchiest of sayings to remember but maybe it was so bad you’ll never forget it!?
Irish taxpayers should remember that there is a limit to how far back you can claim tax refunds under PAYE and self-assessment.
This limit is set to four years, meaning you can only request review or claim refunds from the last four years. Therefore, claims for 2016 must be made by 31 December 2020.
Revenue and the court of appeal are very strict on this and will not make any exceptions. If you have ever read tax appeal cases concerning a claim of greater than four years (I have), you will know judges are very intolerant and not entertained by these cases and are always ruled in favour of Revenue.
If you discover that you are entitled to a tax credit or deduction since 2016, then in 2020 you can claim for 2016, 2017, 2018 and 2019. So remember, if it’s more than four, you’re not getting any more. Was this rhyme better or worse? Ok, I’ll leave now....
Any questions on this, be sure to reach out!