New figures today from Revenue show that over 472,000 PAYE Income Tax Returns have been processed for 2023, an increase of almost 30% on the previous year.
Revenue said a total of €203m has already been refunded to people's bank accounts as a result of the 2023 returns filed by PAYE taxpayers so far, while a further €480m may have been overpaid during the year.
Among the key tax credits and reliefs claimed by PAYE taxpayers are the rent tax credit and health expenses.
Meanwhile, the facility for PAYE taxpayers to claim the 2023 mortgage interest tax credit will be available from next week.
Revenue, in conjunction with the Minister for Finance Michael McGrath, today launched a public information campaign to raise awareness among PAYE taxpayers about the range of tax credits and reliefs available, and how they can claim those credits and reliefs.
The new campaign also reminds PAYE taxpayers that they need to tell Revenue about any additional income which has been earned outside the PAYE system.
The Minister for Finance Michael McGrath said he was encouraging all PAYE taxpayers to log on to Revenue's myAccount service to finalise their tax position as soon as they can, to ensure that they have claimed all tax credits and reliefs they are entitled to and receive any refund they are due.
Aisling Ní Mhaoileoin, Revenue's National PAYE Manager, said the first step in the refund process is for taxpayers to review their Preliminary End of Year Statement (PEOYS), which is accessible in myAccount.
This statement sets out the provisional tax position for the year, based on information available to Revenue.
PAYE taxpayers can then simply file a PAYE Income Tax Return to claim any additional credits or reliefs they are entitled to, and receive any refund they are due.
"We use all the information available to us to pre-populate returns and therefore, for the vast majority of PAYE taxpayers, filing a return is straightforward and PAYE taxpayers can complete the process themselves through Revenue’s myAccount service," Ms Ní Mhaoileoin said.
She said that taxpayers can also use this service to declare any additional income they have earned outside the PAYE system or make other changes to the information on their Revenue record.
"If Revenue owes you money, you’ll get a refund into your bank account within days. If you owe Revenue money, we’ll work with you to find a suitable payment option," she added.
