T Towger Registered User Messages 2,607 21 Feb 2025 #41 T McGibney said: I wonder does the average include just those in a refund position and exclude those in a nil/balanced position and others with underpayment? Click to expand... I suspend you are correct. It seams very high for only PAYE payers.
T McGibney said: I wonder does the average include just those in a refund position and exclude those in a nil/balanced position and others with underpayment? Click to expand... I suspend you are correct. It seams very high for only PAYE payers.
C Ciru75 Registered User Messages 261 21 Feb 2025 #42 T McGibney said: I wonder does the average include just those in a refund position and exclude those in a nil/balanced position and others with underpayment? Click to expand... That's exactly it. The source figures are quoted here. Revenue said around 550,000 PAYE taxpayers have filed a return for last year. Some 440,000 of these had overpaid tax, and collectively got refunds of €400m. This works out an average of €909. Click to expand... There will be a strong selection bias of people expecting refunds filing early in the year so expect that the proportion of people being in a refund position will drop a lot lower than 80% by the end of the year.
T McGibney said: I wonder does the average include just those in a refund position and exclude those in a nil/balanced position and others with underpayment? Click to expand... That's exactly it. The source figures are quoted here. Revenue said around 550,000 PAYE taxpayers have filed a return for last year. Some 440,000 of these had overpaid tax, and collectively got refunds of €400m. This works out an average of €909. Click to expand... There will be a strong selection bias of people expecting refunds filing early in the year so expect that the proportion of people being in a refund position will drop a lot lower than 80% by the end of the year.