sinbadsailor
Registered User
- Messages
- 240
Hi.
I have just received a balancing statement from revenue. I think they have miscalculated but want check a few things.
Statement says that I was owed a certain sum, say 1500 for argument sake.
I had lodged a MED1 earlier in the year and had recived a refund for that, say 750 for example.
Now on my statement, it reads that the Med1 refund INCREASES my tax liability for the year so I only get tax credit refund of remaining 750?
I called the revenue and was told that I cannot get refunded for the med 1 twice?
My question is they are two seperate refunds, one for a med1 and one for tax credits arising from a preferential rate mortage I was not getting.
Is this correct, why does the med1 refund reduce the refund of an unrelated tax credit refund?
I have just received a balancing statement from revenue. I think they have miscalculated but want check a few things.
Statement says that I was owed a certain sum, say 1500 for argument sake.
I had lodged a MED1 earlier in the year and had recived a refund for that, say 750 for example.
Now on my statement, it reads that the Med1 refund INCREASES my tax liability for the year so I only get tax credit refund of remaining 750?
I called the revenue and was told that I cannot get refunded for the med 1 twice?
My question is they are two seperate refunds, one for a med1 and one for tax credits arising from a preferential rate mortage I was not getting.
Is this correct, why does the med1 refund reduce the refund of an unrelated tax credit refund?