I'm self employed (well its a Ltd Co.) and for the last few years have paid myself, say 5K per month - gross. And had been doing so this year.
That is, until July when it just wasn't feasible. However, for Jan thru July I had paid my monthly PAYE/PRSI based on a 60K income (5 x 12). I've paid myself 0 since then and won't pay myself in Dec either.
So I've paid myself 35K, but paid PAYE/PRSI based on a 60K projection, i.e. I've overpaid PAYE/PRSI.
Whats the best way to get the overpaid PAYE back? Do I need to wait until the P35 is done in January? (I also assume PRSI is fine as its based on gross and not adjuested by Tax free allowances etc so what I've paid is correct.)
That is, until July when it just wasn't feasible. However, for Jan thru July I had paid my monthly PAYE/PRSI based on a 60K income (5 x 12). I've paid myself 0 since then and won't pay myself in Dec either.
So I've paid myself 35K, but paid PAYE/PRSI based on a 60K projection, i.e. I've overpaid PAYE/PRSI.
Whats the best way to get the overpaid PAYE back? Do I need to wait until the P35 is done in January? (I also assume PRSI is fine as its based on gross and not adjuested by Tax free allowances etc so what I've paid is correct.)