T McGibney
Registered User
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No, an individual can opt for self-assessment.
No, an individual can opt for self-assessment.I have no idea if, should you miss the myAccount deadline, you can opt to become self assessed and do it via form 11/ROS. I wouldn't have thought so because it's normally Revenue who decide who is and is not self-assessed based on their income sources etc.?
If a PAYE individual using only myAccount wants to claim tax relief on a pension contribution in 2022 against income in 2021 then they must make the contribution and file the return on myAccount before October 31st 2022.No flexibility in
(a) paying the pension premium
(b) filing the return without imposition of surcharge, or
(c) filing the return without disallowment of tax relief on pension payment?
That doesn't advance your earlier "no flexibility" claim though, although you may well be correct.If a PAYE individual using only myAccount wants to claim tax relief on a pension contribution in 2022 against income in 2021 then they must make the contribution and file the return on myAccount before October 31st 2022.
Contributions paid to a PRSA for AVC purposes
Tax relief for PRSA AVCs is based on the appropriate age-related percentage limit of the income from the employment in question. (As reduced by any employee contributions to the pension scheme relating to the employment).
You may pay a once-off or special pension contribution after the end of a tax year , but before the following 31 October. If you do, you can choose, on or before 31 October, to have the tax relief for the contributions allowed in the earlier tax year. When you use the Revenue Online Service (ROS), the deadlines for paying contributions and making this choice are extended .
What you describe sounds fine. Indeed you have proved it's possible to submit 2021 AVC claims after 31st October - I believe the online filing deadline is today. I expect that tomorrow this functionality will be locked out. You do need to click through the other screens to complete and submit the online return today if you haven't done so @ROS .Sorry if I am not making my self clear. I appreciate the time you are all putting into this. Yesterday I did use "myaccount" to do what suggested (relax carry on). That is:
Once in the return click next till you get to the tab for tax credits and reliefs and go to the AVC field and click the edit button to enter your details.
This is shown in the second image in my first post above. The bottom of the image shows the AVC tax relief claim.
I have two question at this stage.
1. Is what I have done correct (using myaccont) and what is the deadline for doing it using "myaccount" as opposed to ROS or is it the 16/11/22 for both.
2. Or can I only use ROS to to claim the tax relief
Have you had an AVC claim made online after 31st Oct rejected previously?As I said already, you can claim pension tax relief for 2021 via myAccount and the deadline there is October 31st 2022 with no flexibility in my direct and indirect experience and as advised by my financial advisor.
It's my experience, the experience of others that I know and what I was advised by my financial advisor.That doesn't advance your earlier "no flexibility" claim though, although you may well be correct.
Yes. And others that I know have too.Have you had an AVC claim made online after 31st Oct rejected previously?
Me, a few years ago.When did this last happen to you?
The bit that you highlighted says exactly what I have been saying.I found this, which says essentially the same thing, albeit in different words. Note the highlighted bit particularly.
Tax relief for pension contributions
This page outlines the tax relief for pension contributionswww.revenue.ie
You may pay a once-off or special pension contribution after the end of a tax year , but before the following 31 October. If you do, you can choose, on or before 31 October, to have the tax relief for the contributions allowed in the earlier tax year.
Yes, that's why I said "although you may well be correct".The bit that you highlighted says exactly what I have been saying.
Thanks for your patience with my antagonistic approachMe, a few years ago.
A family member last year.
Obviously some people are not going to be convinced though.
Looks like I may well be eating humble pie on this in a week or two. @ROS your My Account AVC claim may well be rejected, but the worst case scenario is you claim the relief against 2022 (reducing the maximum amount of tax relief you can claim for true 2022 payments).For customers who file their 2021 Form 11 return and make the appropriate payment through ROS for:
the due date is extended to Wednesday, 16 November 2022.
- Preliminary Tax for 2022, and
- Income Tax balance due for 2021
and relevant to my case3.4 Relief for special contributions
... If a contribution is paid after the end of the year, but before 31 October of the following year, relief may be claimed for the previous year provided an election to do so is made by the individual on or before 31 October of the following year.
... Taxpayers who file and pay online via the Revenue Online Service (ROS) or myAccount may avail of the extended return filing and payment date to make an election and pay a contribution.
A claim for tax relief must be made within four years of the end of the year of assessment in which a contribution is made or is treated as having been made.
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